▲ 6 r/fican
Emergency funds parking
Hey everyone!
I’m looking for advice on where to keep my emergency fund. I have enough room in my TFSA, and I’m considering using it for this purpose. If I put my emergency fund in my TFSA, should I invest in ETFs or keep it in something more liquid and low-risk? Will I be able to withdraw the money quickly if an emergency arises with that?
Are there better alternatives to the TFSA for emergency funds? I’m thinking of options like high-interest savings accounts or GICs.
Thanks in advance!
u/Virtual-Phase6442 — 15 hours ago