This depends on where your Emergency Fund is saved! If your Emergency Fund is in a normal savings account, it is probably not gaining very much interest. We encourage you to check your current interest rate on the account it's in, and then compare that rate to some of our suggested High-Yield Online Savings Accounts. If the rate you're already getting is comparable to the current High-Yield Online Savings Account average, great! Leave it there. But, if you're currently getting a significantly lower rate, you may want to consider opening a new account and transferring it so that your money is working harder for you!