Where Should I Keep My Emergency Fund? Hint: Not under your mattress.

C.U. Smarter: A financial education focus of Veritas Federal Credit Union, located at 276A Nissan Parkway in Canton

You’ve done the hard part—you’re building an emergency fund. So where should you stash that money?

You want a place that’s safe, easy to access, and earns a little interest while your cash hangs out. That’s why we usually recommend our money market. And, if you can keep from spending it, our high-yield checking account pays one of the best dividends around.

Why a High-Yield Account?

Unlike your standard account, a high-yield account gives you more bang for your buck with a better interest rate—meaning your money grows while it waits to help you.

Look for an account that is:

• Free from monthly maintenance fees
• Easy to access online or in person
• Insured (like all Veritas accounts!)

What to Avoid:

Your emergency fund isn’t the place for risky moves. Skip stocks or mutual funds—where the value can dip right when you need the cash most. This money should be liquid and stable.

Action Plan:

1. Compare high-yield options (we’ve got some good ones ).
2. Open an account with low fees and solid interest.
3. Transfer your emergency fund and let it grow.

Bottom Line:

Your emergency fund is your safety net. Keep it somewhere secure, simple, and ready when life throws a curveball.

Learn more or connect with us at veritasfcu.org.