The current interest rate environment is very different from that of the past 2 years. To be specific, interest rates have gone up from 0% to 4% in a very short span of time. With such a meteoric shift, various financial products have also adjusted their respective payouts. Therefore, it is now a worthwhile personal finance exercise for me to review my own emergency funds allocation. With rising interest rates, where do I deposit my emergency funds in 2022?
1) BANKS’ FLAGSHIP SAVINGS ACCOUNTS
I have previously reviewed each of the local bank’s flagship savings account:
Regardless of the number of hurdles that I am asked to jump through, these savings account still have a part to play when it comes to where I park my emergency funds. To be fair, the banks have...
