The Importance of An Emergency Savings Account

It's impossible to anticipate everything. Life will always throw you a curve ball here and there; a lost job, unexpected car repair, or other unexpected financial setbacks can break the bank if you don't have the funds to cover it.

At Urban Trust Bank, we recommend everyone have an emergency savings account. This typically consists of about six months' worth of living expenses set aside in a safe, secure, and easily accessible account. With money set aside before you need it, you can handle unexpected challenges.

At Urban Trust Bank, we recommend customers open a Savings Account, a Money Market Account, or an interest checking account for use as an emergency savings account.