More dumb questions from me (Emergency Funds, where to put them)

[Brad1970]

FWIW, "emergency" monies could also mean keeping some cash on hand. Everyone else has come up with some good ideas but what if a natural catastrophy happened in your area & the banks/ATM's/Western Union/etc were without electricity...you think they're gonna give you your money or be able to process a wire from another bank???

[Reprocess]

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FWIW, "emergency" monies could also mean keeping Guns on hand. Everyone else has come up with some good ideas but what if a natural catastrophy happened in your area & the banks/ATM's/Western Union/etc were without electricity...you think they're gonna give you your money or be able to process a wire from another bank???

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[gull]

My emergency money is meant more for injury/unemployment than armageddon.

[Your Mom]

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I currently have my EF at Emigrant Direct (only about 1.5 months of expenses). I'm thinking about moving it to FNBO Direct, savings curently offering 6% APR.

www.fnbodirect.com/

I've applied, waiting for the micro-deposits to hit my checking account.

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FNBO (First National) has been my family's bank for at least 20 years. My future sister in law works there as well. Good company.

[TheMetetron]

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My emergency money is meant more for injury/unemployment than armageddon.

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Agreed.

[NajdorfDefense]

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6 months salary in VMMXXX (Prime money market fund) works too.

basically 3-6 months salary anywhere stable won't do you wrong, depends partially on your salary.

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[kidpokeher]

Amtrust Direct (Ohio) offers 5.36% which beats all your options except the intermediate bond funds. I consider it more liquid than a fund although that's probably a matter of just a few days.

Personally, my credit cards are my "emergency funds" since there isn't any emergency I can think of that can't be paid with a credit card. By the time the bill comes due I'll have the money from wherever.

[Jeff W]

You might consider going longer on duration with VWLTX or VWAHX instead of VWITX--you're well compensated for doing so with Muni bonds(+.19% Yield for +1.3 years to duration) and unlike with taxable bonds, higher duration bonds don't have an increased correlation with equities.