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Money Market Accounts = Emergency Savings

Mar 16, 2015 06:09PM EDT

I keep my emergency savings in a Money Market account; it offers a substantially better interest rate than a savings account with a bank, and is just as liquid. However, it doesn't count as 'emergency savings' in the score, and thus the score itself is much less useful. It would be useful to allow users to specify which accounts to consider in this category, rather than hardcoding it. Thanks!

Best Answer

HelloWallet Support Answer

Mar 17, 2015 05:50PM EDT
Joe
HelloWallet Support

This is something we are working on right now! We understand this causes problems with the score component and we are working to correct it.

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