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Where to put emergency fund (NL)
Main Post:
I just purchased a house, and I am now in need of a much larger emergency fund to cover any unexpected damages. Previously I have been fine keeping my savings in a checking account with very low interest, but now that I will have a much larger savings, I was hoping to do something to battle inflation. I am living in The Netherlands, but I am a US citizen, so I think many of the investment opportunities here are not open to me. Does anyone have any suggestions for where I can best save?
Top Comment:
Savings accounts here are pretty dire for interest, I'm afraid. Afaik all of the big banks "pay" 0 (or negative for large balances) and the smaller banks offer a fraction of a percent. It's generally not worth the hassle to switch, imo.
For investing I do think interactive brokers take overseas US clients, but don't quote me on that.
Where to put emergency fund + general expenses fund, that isn't DBS Multiplier/DBS Savings?
Main Post:
The paltry interest rates for DBS Multiplier mean that I probably should be putting my money elsewhere.
My primary considerations would just be the interest rate, as well as the relative ease with which I could take the money out and move it elsewhere. What bank accounts would be best for me?
Mostly new to all this, I don't have bank accounts other than DBS multiplier and POSB savings.
Top Comment:
SSB.. there are redemption delay but you can use your credit card for emergency and just repay after redemption.
How do i put funds on my g2a wallet with paysafecard?
Main Post:
HOW DO I PUT FUNDS ON MY G2A WALLET WITH PAYSAFECARD?
Top Comment:
Greetings ToneZombie,
Thank you for your question. It is very simple. There are two ways to do that. First one is to purchase a G2A Giftcard using Paysafecard and the second one is topping up the account with G2A Coins. It is up to you to decide which way is more convenient for you.
(Please note that in som countries PSC is not available due to internal law of each country)
Should you have any issues, feel free to contact us at helpdesk(at)g2a(dot)com
Regards,
Jake
G2A Team
Best place to put “emergency fund” so it draws interest but is also liquid
Main Post:
The quick background first in case you need it - I’m 50yo looking to retire in about 4 years on a comfortable government pension. I am divorced with 2 kids that are getting close to launching (hopefully). I own my home with a low interest rate, and currently have 50% equity. But I had to restart my loan in order to buy out my ex in the divorce. So I still have 25 years left on that loan. I have no other debts at all. I have modest college accounts for each of my kids, and I have a modest Roth IRA that I max out every year.
I have an emergency fund of $32k that is just sitting there in a low interest savings account. I rarely need to tap into it. Where can I put it that is the right level of risk - will draw better interest, but hopefully won’t completely tank - but is also liquid in case I need it? TYIA.
Top Comment: A high yield savings account, a money market fund, or no penalty CDs.
What to do with my emergency fund
Main Post:
I was wondering what to do with my emergency fund. Currently, I have 20k parked in a plain bank account and I was thinking if there is something that I can do to increase that amount with relatively low risk. I am thinking the following:
- Put them in a CD with average 1.5% interest rate
- Move them to something like bunq (1.5% for my country) or trade republic (i am a bit worried about the safety of these platforms)
- Put them in https://www.justetf.com/en/etf-profile.html?assetClass=class-bonds&groupField=none&sortField=fundSize&sortOrder=desc&distributionPolicy=distributionPolicy-accumulating&from=search&isin=IE00BGCSB447#overview or https://www.justetf.com/en/etf-profile.html?assetClass=class-bonds&groupField=none&sortField=fundSize&sortOrder=desc&distributionPolicy=distributionPolicy-accumulating&from=search&isin=IE00BGSF1X88#overview
Any thoughts will be welcomed
Top Comment:
Forget about ETF or any risky instruments. Emergency fund should be quickly available once needed and you should still get the full sum, not -30% because the market has just plummeted.
HYSA for Emergency Fund
Main Post:
Hi guys, is it worth it to have HYSA this days? Cause I am planning to build my emergency fund but dont know where to put.
I dont make much really but i am planning to put $100-200 a month to build my Emer. fund. (not a huge amount of money)
Hmm which is better account to have? Wealthfront, sofi, capital one? Or any recommendations in my case which have a lil money to put monthly.
And is there gonna be a penalty if I decided to close the account??
Top Comment: I wouldn't chase fractions of a percent at this point. Check out the bigger providers on yieldfinder and honestly just pick one. Money market funds you buy shares from through a brokerage are an option too.
Emergency Fund v Savings location?
Main Post:
Hey y'all. I've been trying to figure this out here. I'm about to be debt free (this month!!) and am trying to figure out what to do with the money I'm saving moving forward.
I know the High Yield Savings is where you should park your emergency fund, but, doesnt it make sense to park your "regular" savings in a different High Yield Savings Account due to the higher returns? Or should I keep my "regular" savings (after I save up my emergency fund) in a normal savings account where my checking account is?
Thanks guys. Just looking for some clarification, this was confusing me
Top Comment: We keep 12 months emergency fund in a HYSA and we invest/ save the rest of our money in a brokerage account.
Should I put all my money into ETFs?
Main Post:
Might be a dumb question but I have been trying out wealth simple for about a year, putting about 5k into an ETF and now I’m up by about $500.
I can probably put another 30k into the same ETFs, but that would be most of the money I have.
Is that a dumb approach? Any reason why I shouldn’t do that?
Top Comment:
You're not going to get very useful responses, here.
You don't mention what your timeframe is, or what the "ETFs" you're looking at are invested in.