I am trying to keep an emergency fund and it is very discouraging with interest rates going down. I started with 5.05 percent; now it's 3.6 percent and the Fed will lower it more. How is this helping my money grow? Ellen Kay
Ellen,
An emergency fund is for "emergencies." It is not an investment. Don't worry about what the interest rate is. Leave your emergency fund where it is and invest other money in mutual funds for long-term investing.
I am trying to keep an emergency fund and it is very discouraging with interest rates going down. I started with 5.05 percent; now it's 3.6 percent and the Fed will lower it more. How is this helping my money grow?
Ellen, 
