Question

If you want to start an emergency savings fund and want to make sure your money is available at any given time, which is the best option for you?(1 point)
Responses

a CD
a CD

a bank savings account
a bank savings account

a money market mutual fund
a money market mutual fund

a mutual fund

Answer 1

For an emergency savings fund where you want to ensure your money is readily available at any time, the best option would be **a bank savings account**. This option provides easy access to your funds and is safer for short-term savings compared to other options like CDs or mutual funds, which may have penalties for early withdrawal or involve market risks.