Hi, I'm not very knowledgeable about money in general and have no experience in investing (apart from my private pension, which the bank deals with). The thing is, I've finally saved enough for an emergency fund, covering a few months of expenses in case things go awry.
This is currently in my Credit Union shares account, but I'm wondering if there's a better place to deposit it. I've heard of Money Market accounts, though these seem to be more popular with US investors - do we have an equivalent where my money can earn a little bit of interest? I would be happy to limit the number of transactions I can make in return for the knowledge that my money can somehow work for me.
Thanks in advance - Brian
This is currently in my Credit Union shares account, but I'm wondering if there's a better place to deposit it. I've heard of Money Market accounts, though these seem to be more popular with US investors - do we have an equivalent where my money can earn a little bit of interest? I would be happy to limit the number of transactions I can make in return for the knowledge that my money can somehow work for me.
Thanks in advance - Brian