Personal Finance Buzz

While your emergency fund isn’t necessarily meant to produce big time yields, it is nice if you can get a little higher return from your savings. Two of the cash products that can help you accomplish this include CDs and money market accounts.

One of the ways that you can get a little more of a yield on your cash is to make use of money market products. However, it is important to understand the difference between the different money market options you have.

It can be a wise idea to have two different emergency funds: One for short-term costs, such as car repairs, and one for long-term problems, such as unemployment. Your short-term emergency fund can find a good home in a money market account.

One subject I’ve never covered here on the blog is the money market mutual fund. I really don’t use them, so I never had a reason before. But a lot is changing in the money market fund world, so I thought I’d share some information about them.

Pros and cons of money market funds vs high-yields savings accounts