I currently have 40k in 5-year CDs, paying 3%. This is the last bastion of my pre-MMM days when I held a large cash position. I've been considering cashing them in early (and taking the 12 months' interest hit) and investing the money in our Vanguard accounts. I asked my bank about a Home Equity line of credit as an emergency fund and it'll cost me ~$175 plus $12 per $1,000 (county tax), so a 25k line would cost $475 to open. I'm not all that excited about paying almost $500 just to have access to money that I never plan to use. While we're working we have 5k-10k extra monthly. I'm thinking the combination of that, money in bank accounts (~6k), cash we keep on hand (~1k), and credit cards means I'm covered well enough for "emergency fund" purposes. Is there any reason that wouldn't be good enough?