Mine isn't called an emergency fund, but a van fund. I'm putting all the money into one account to surprise dh on his 60th birthday, so that he can take a full retirement. If an emergency arises, I will take money out of that account. I'll be adding $800.00 per month along with all of dh's overtime (at least thats my plan).
Each time the account reaches $2000.00 I'll be putting the amount into a GIC also.