This always felt like banker advice to me. That’s an insane percentage of cash to have sitting in an account that’s earning less interest than the rate of inflation.
The advice is to have access to your funds, you’re free to put that anywhere you like. Index funds, bonds, stocks etc
Doesn’t putting the $$ anywhere that’s not retrievable miss the point of having an emergency fund? It’s supposed to be liquid assets you can spend if you had to. Putting it anywhere with good returns would keep it from being available at 11:45pm on a Saturday night when the ER is demanding payment now or they won’t treat you.
The advice is to have access to your funds, you’re free to put that anywhere you like. Index funds, bonds, stocks etc
Check what options are available in your country.
Doesn’t putting the $$ anywhere that’s not retrievable miss the point of having an emergency fund? It’s supposed to be liquid assets you can spend if you had to. Putting it anywhere with good returns would keep it from being available at 11:45pm on a Saturday night when the ER is demanding payment now or they won’t treat you.