Where to stash emergency cash when the average savings account yields 0.11 percent
By Tom Anderson
Most financial advisors recommend you keep three to six months of expenses in an emergency fund. However, putting that substantial amount of cash in a traditional savings account is “losing money safely,” said Nick Holeman, a certified financial planner with Betterment, an automated investing service.
Here are three ways you can boost the returns of your safety net fund while having the peace of mind that you can access the money when you need it