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Is it better to keep my extra "emergency" money in a savings account or a money market mutual fund?

Jun 20, 2012 by Mabel from Mansfield, OH in  |  Flag
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Mable, It is much better to keep your emergency funds in the savings account. It is easier to transfer the funds when needed and it will be FDIC insured by your bank. You may get a little better rate in a mutual fund MM but rates are so low, it probably is not worth the difference. Good Luck

Comment   |  Flag   |  Jun 20, 2012 from Asbury Park, NJ

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