Growing the Emergency Fund

As shared in previous entries (here), one of our goals this year is to build up a starter emergency fund. And while doing this, it is inevitable to think of getting the best deals in town in regard to the bank account(s) for the emergency fund: the higher the interest rate the better. However, the fund must remain liquid and accessible (in a right way) as much as possible. So, we're looking into a time deposit account where ideally we can get a higher interest compared to ordinary savings accounts and at the same time, we have the option to choose a maturity date that matches our need (30 days for now).

So I did some research regarding the time deposit interest rates of some banks that were accessible to us, at home or at work. I’m sharing some information of Time Deposit Rates (Cebu) below:

Bank	Time Deposit Interest Rate	Minimum Initial Deposit	Minimum Term
BDO	.25%	1,000	30 days
Chinabank	.75%	5,000	90 days
Chinabank Savings	.5%	5,000	30 days
BPI	.5%	50,000	30 days
PNB	(not  in website)	10,000	30 days
Metrobank	.25%	10,000	30 days
Eastwest	(not in website)	10,000	30 days
PS Bank	.25%	10,000	30 days

How about you, where do you keep the emergency fund? Do share some thoughts! :)