I used to keep around $10,000 on hand as an emergency fund in a savings account, but recently moved it to wealthfront high yield to get that sweet 2.x percent interest, leaving ~500-1000 in my daily credit union savings for immediate emergency needs, plus credit cards on hand.
Question, since it takes 1-3 days to get the money back to my daily credit union, would you still consider it an effective emergency fund? Or would you be keeping it in something more liquid like Ally bank where I can get a checkbook?
My thoughts are in the event of a multi-thousand dollar emergency I can always use the credit card and then initiate the transfer, and pay it off in 1-3 days when the money clears, but I'm curious what other potentially more experienced mustachians may think