Certificates of deposit (CDs) can be used for emergency funds if they offer a higher interest rate than savings accounts and have a term length that does not lock up funds for too long.

Authors

• Person: Gina Coletti Organization: Nixon Peabody Trust Company
  How to build and maintain an emergency fund

Sources

• How to build and maintain an emergency fund www.nixonpeabodytrustcompany.com Gina Coletti · Nixon Peabody Trust Company via serper

Referenced by nodes (1)

• emergency fund concept