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Personal Finance @lemmy.ml RagnarokOnline @reddthat.com

Anyone think that a site like Wealthftont is a good place to stick an emergency fund?

www.wealthfront.com Save and Invest for the Long Term | Wealthfront

Wealthfront is designed to build wealth over time. Earn 4.80% APY on your cash, and invest for the long term with a diversified Automated Investing Account.

Save and Invest for the Long Term | Wealthfront

A buddy of mine told me about Wealthfront recently and they’re 5% money market account rates.

Growing up in a world where savings accounts and even CDs never approached more than 2%, the rates on this new thing blew me away.

Free money is great, and I’d love to take advantage of these rates, but the only cash I have currently is the emergency fund I’m trying to build.

Anyone have thoughts on if putting an efund in this kind of service is a bad idea? Not sure if it’ll be liquid enough if a major expense comes up.

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