I just got an e-mail today from Vanguard about a pilot Cash/Savings account. What are your thoughts about utilizing this for small emergency savings (6 months of income)?
Hi @sharonsoneff! I haven’t seen this new offering from Vanguard before! That’s exciting that they launched this!
What you said is a great idea. It is smart to utilize a high yield savings account, like the new Vanguard offering above, for your emergency fund! I am assuming that you can withdraw the money at any time without any penalty, but worth double checking.
It sounds like you are already doing this, but here is a post about why emergency funds should be in cash (or high yield savings accounts).
1 Like