Emergency fund into a money market account

rowen

New member
Hi, so I wanted to get an opinion on my emergency fund. Is it smart to move my emergency fund to a money market account(e.g., standard bank money market account which requires 100k minimum investment). I only have about 10k saved up now but when I reach 100k, should I move it to a money market account which guarantees around 8% interest and it’s a lot safer than just normal investing in stocks etc?
Then I can use the interest earned for when emergencies happen and just top up my emergency fund to stay above 100k?
 

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