Final answer:
A money market account may be better for an emergency fund than a savings account because it typically offers higher interest rates, which aids in growing the fund, while retaining liquidity and access similar to a savings account, often including check-writing and ATM access.
Step-by-step explanation:
While a savings account offers security and liquidity as benefits, a money market account might be a better place to keep an emergency fund for several reasons.
Money market accounts typically offer higher interest rates compared to savings accounts, allowing your emergency fund to grow at a faster pace.
Additionally, they still provide a good level of liquidity, meaning you can access your funds quickly if an emergency arises. Often, these accounts also offer check-writing abilities and ATM access, making them very convenient for users.