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Where to keep emergency fund?

Posted: Mon Apr 24, 2023 12:46 am
by Roger Van Zant
I want to keep an emergency fund of six months' living expenses.
For me, this is 1.8 million yen.

I feel like keeping this in my shitty Japanese bank account is a waste.
Is there somewhere I can keep this money where it can work a little for me, earn some interest?

Obviously, it can't be too tied up, because I may need to access it in a pinch.

Any ideas?

Re: Where to keep emergency fund?

Posted: Mon Apr 24, 2023 1:01 am
by adamu

Re: Where to keep emergency fund?

Posted: Mon Apr 24, 2023 1:29 am
by Roger Van Zant
Thank you.
I should have searched first. ;)

Re: Where to keep emergency fund?

Posted: Mon Apr 24, 2023 9:23 am
by TokyoBoglehead
Cliffnotes: There's nothing worth your time.

Longer explanation: interests rates are low in Japan, therefore "risk free" debt offers little returns, and bank and term deposits pay little.

To get more return, you would need to add risk, with is not appropriate to emergency savings.