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Manjit Singh CPA P.C.
CERTIFIED PUBLIC ACCOUNTANTS
Tax planners not just tax preparers®
2841 Hartland Road, Suite 307
Falls Church, VA 22043
Phone: 703-280-5656
Fax: 703-280-5666
703-207-4502
Email: msingh@mscpa.us
Email: manny@manjitsinghcpa.com
Website: www.mscpa.us
March 2024
Where To Put Your Emergency Fund
According to Bankrate.com, regular savings account rates only increased an average of less than .15% to hover around .5% in 2023. The costs of possible emergencies for which you have those funds are increasing far more. Some alternative options that may pay more for liquid savings are:
- High-yield bank savings accounts
- Money market bank or mutual fund accounts
Each has its own advantages and disadvantages you should discuss with your financial professional before investing.
PROTECT YOUR MONEY
When considering any of the alternatives, find out if the account or fund is backed by the Federal Deposit Insurance Corporation or covered by the Securities Investor Protection Corporation. Both FDIC and SIPC insurance have limits but are crucial in safeguarding your investment.CONTACT US
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