Compare four places to keep emergency savings — after taxes, over one year — and see which one earns the most without locking up your money.
Make your cushion earn.
Enter how much you want to park, the rates you can get, and your tax brackets — we will rank all four options after taxes.
BEST OPTION AFTER TAXES
—
HIGH-YIELD SAVINGS——Instant access, no penalty. Fully liquid.CERTIFICATE OF DEPOSIT——Locked for the CD term. Early withdrawal usually costs several months of interest.TREASURY BILLS——Exempt from state income tax. Sellable on the secondary market, usually within a day or two.MONEY MARKET——Check-writing and debit access at many banks. Fully liquid.
Honed Money provides calculators and educational information for general purposes only. It is not financial, tax, legal, investment, or insurance advice. Estimates are based on the information you enter and the assumptions shown. Actual results will vary. For taxes, retirement, and government benefits, verify with IRS.gov, SSA.gov, or VA.gov. We don’t sell financial products and aren’t paid for calculator results. Use at your own risk.
