<prompt> Human: Was going over family finances with my mother and realized that she has about 100,000 in a savings account with BofA. This account is like a family emergency fund for my grandmother and aunts. My mother is in charge of the trust.I worry that its losing value sitting in a low interest savings account. What should be done with this money to leave it accessible? I dont see anyone needing all of it at the drop of a hat, so having it sit as a whole as an emergency fund seems like an unwise choice. My thoughts were that it be put into a low risk low maintenance Vanguard fund. Just something to protect it from inflation.Thoughts?  <response>: Id be very leery of anything that is not very liquid, if your mother, her grandmother, or your aunts are older. Medical expenses come to mind, and you dont want to forced into taking a significant loss to come unexpected amounts. Its an emergency fund for a reason, and the lost interest is the cost of having the piece of mind that drastic bad things wont be financial problems on top of whatever else is going on. 