To build an emergency fund, the initial step involves accumulating $1,000 to kickstart your savings. After reaching this milestone,
the next essential step is to deposit your funds into a High Yield Savings Account (HYSA). Unlike traditional bank accounts
offering a meager interest rate of approximately 0.01%, a HYSA typically offers a more attractive interest rate ranging from 3-5%. You can establish a High Yield Savings Account with financial institutions such as Ally or SoFi.
https://www.ally.com/bank/high-yield-cd/
https://www.sofi.com/banking/savings-account
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