10 Reasons Why You Need an Emergency Fund
Are you one who tends not to have any extra cash on hand? Many people experience this, but with the current economic climate, rising prices are putting a dent in their pockets. When you have an emergency fund, you have a safety net for unexpected times, making it crucial for several reasons.
Before we dig into why you need an emergency fund, it’s important to know where to keep it.
Do NOT keep it in your checking account or a traditional savings account. You want to keep it in an online-based bank to earn the most on your money.
Best place to keep your savings to earn interest👇
🏦 If you have UNDER $5,000 in savings, switch to CIT Bank’s Platinum Savings Account with 4.50% APY
🏦 If you have OVER $5,000 in savings, switch to CIT Bank’s Platinum Savings Account with 4.85% APY
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- Video: 9 Big Reasons You CAN’T Get Ahead Financially
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