Building up an emergency fund is a very important step towards financial freedom. It should matter to everyone. After we pay off our consumer debts, setting aside money for an emergency fund is essential. Placing that money in the highest yield account is a smart move.
The Best Bank Money Market Accounts:
Institution Rate Minimum
UFB Direct 5.31 $1
One United Bank 5.30 $1000
Zions Bank 5.30 $1000
FNBO Direct 5.05 $1
IGObanking.com 5.17 $1
More tips on establishing an emergency fund
Have you heard of any other high yield accounts? Post a comment and tell us where. We would love to know about them.
Tagged as: emergency fund, money for emergencies, saving money for a rainy day, what is an emergency fundView the original article here
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