When shopping around for an account for your emergency savings, three important characteristics to look for are: low risk, high yields and liquidity. You don’t want to keep emergency savings in stocks and bonds, where there’s a risk of losing that money. It’s also a good idea to avoid keeping it in CDs, since if you need to withdraw the money, there may be a high penalty fee. Money market accounts and high-yield savings accounts are generally the best places to put emergency savings.