How does the Emergency Fund goal work?

Before June 2020, Ellevest offered an “Emergency” goal as part of our investing platform. 

If you’re an Ellevest Digital client who has not yet switched to a plan and you already have an existing Emergency goal, you can still keep it! The assets held in your Emergency goal are held in FDIC Cash — that way, you aren’t taking any investment risk with your emergency money. Please note that we don't charge a management fee for these assets.