Dear Mary: I’m looking for a place to earn the best rate of interest on my contingency fund, which is (drumroll, please) about $18,000 and growing. Recently, I came across a “rewards checking account.” It looks like a checking account that pays about 6 percent, when savings accounts in the same bank are at less than 1 percent annual percentage yield. Is this some kind of scam? —Jason
Dear Jason: First, let me congratulate you on your very respectable and growing contingency fund! Everyone needs money they can count on in an emergency. Good job, and keep going!
