<prompt> Human: Can you use your savings account as an emergency fund? Isnt it pretty much the same taking out from there in case its really needed ?  <response>: Yes, you can. An emergency fund isnt really some special type of account like a 401k or IRA. Its just some sort of account you have where you keep money liquid and can access it - with the purposes of only using it for emergencies. In my case I have a checking account that also has a savings account component. I keep my emergency fund in the savings account. 