u/Phantompain43

I have a $5,000 emergency fund in an accessible low interest rate savings account but I can’t help feeling like it’s a wasted opportunity just sitting there.

Would it be better to invest this amount or lock it away in a term deposit? For the term deposit, what is the ideal time?

Either way I have a credit card with an $8,000 limit. Should I just rely on that for any unexpected expenses?

Keen to hear everyone’s method and perhaps some feedback.