The first rule of financial planning is that you need to have an emergency cash reserve which is sufficient to cover your living expenses for at least three to six months.
At the same time, there is no need for you to park your funds in a savings account which offers negligible returns, and that’s most bank savings accounts these days.
Invested smartly, your cash reserve can continue to grow in value and can be accessed any time you want. Below are six investment options where you can park your emergency funds and earn higher returns on a consistent basis.
