Access to Easy Savings Accounts
Two-thirds of easy access savings accounts have restrictions on accessing your money in an emergency.
A recent study found that out of the top 30 easy access savings accounts, 22 have some sort of restriction on how quickly you can access your funds.
Having an emergency fund is crucial for financial resilience, and it's essential to have it in an easily accessible account.
Having money set aside in an emergency fund is a key part of building up your financial resilience and offering you protection in case you need cash in a hurry.
Author's summary: Many easy access savings accounts have restrictions on accessing funds.