where would you keep 10k in a liquid form?

[diamond]

if you had 10k cash for emergency fund, where would you keep it. obviously not locked up as to keep it in liquid form but keeping in checking or savings does not earn any interest at all. what would you do?

[Neatfreak]

Our emergency fund is in a higher-interest savings account (which isn't all that much higher, actually), and 30-day GICs (again, interest is still kind of sad).

[Snow mom]

I keep larger sums in a mutual fund. The interest is currently pretty non-existent but has been almost 5% at times.

[blisstwins]

ING direct, which is now capital one

[tmahanes]

Check your credit union.... Our checking account gets 2.5 percent.

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[karstmama]

mine's in a mutual fund. (though it isn't that much! congrats on your management!)

[KrisM]

Our emergency fund is in a regular savings account. I figure the point is to be able to get it at it quickly, rather than make money on it.

[elephantmeg]

we have some in ING and some in a CD

[cvanbrunt]

We have all liquid money in discount brokerages in stable mutual and index funds. My DH sets a "stop" based on how much risk he's willing to swallow. With the discount places, transactions are five bucks so it doesn't cost you to pull your money out when you need it.

[AnnieW625]

We had an ING account when they were making 3-4% interest in 2007-2009 before the economy crapped out, but now I have nothing it and keep our money in a savings account at our credit union.

[JElaineB]

I have a high interest checking that does earn a decent amount of interest up to $25,000. I have to use my debit card as credit 10 times per month, have a direct deposit and get electronic statements. I also get refunded up to a certain $ amount ($25?) each month if I use other banks' ATMs.

[tmahanes]

I have a high interest checking that does earn a decent amount of interest up to $25,000. I have to use my debit card as credit 10 times per month, have a direct deposit and get electronic statements. I also get refunded up to a certain $ amount ($25?) each month if I use other banks' ATMs.

That is exactly what we have to do? Do you live near me? :-)

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[westwoodmom04]

If you don't want any of the money at risk, put it in a savings account or money market mutual fund. If you are willing to risk some of the value for the chance of a higher returns, you can put it in a stock mutual fund, but even index funds can lose value quickly in a market downturn.

[larig]

Vanguard money market. Piddly interest, check-writing privileges, ability to move money to and from our regular bank.

[JElaineB]

That is exactly what we have to do? Do you live near me? :-)

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LOL, nope I'm in the midwest. Noticed you have a credit union, I should switch over to ours as their rate on the high interest checking account is even better than at the bank we use.

[Twoboos]

Sorry I have no advice, as we're getting a crappy return in our checking/savings acct.

But I read this early this morning, before coffee. And I couldn't figure out what type of liquid you would have 10K of - like 10K gallons of something. Seriously. :rotflmao: I had to open the thread and read the whole question!!