Have you established your emergency savings account?

You always here you should have 3-6 months of income reserved. Heidi and I have been working on this and want to recommend a few great places to not only have savings but to actually earn a pretty good return.

One of our favorites is Washinton Mutual. If you signup online for a checking account you get a savings account that will give you a return of 5.00 APY. The reason we like this account are the funds are available at any time. They do have a limit on how many times you transfer funds. If you exceed 6 a month they charge you a fee. You will also receive a Mastercard ATM card which you'll receive a $.03 reward for each Debit MasterCard purchase transaction made within the last year up to a $250 reward.

Our next choice would be iGoBanking.com. They have no fees and no limits and a return of 5.30% APY. It takes about 3 days to get funds in and about 5-7 days to get funds out. So your funds are not as liquid as Washington Mutual. But you get a higher rate and it actually forces you to think about weather you really need to touch the money.

The last choice is ING Direct. You probably have seen commercials for them with their big orange ball. We have had an account with them for over 2 years. I have been very happy with them, their site is very secure. However their rate has not been keeping up at 4.50% APY and it can take 10 days to get funds out.

All these options present great ways to tuck away money for an emergency.