I definitely think it's important to have a separate saving account when it comes to your emergency fund. When the money that is intended for your emergency fund is in your checking account, it is very tempting to tap into that money and spend it. When the money intended for bills and such is used up, you know you are out of money and you have reached your spending boundary.
Money market accounts allow you to write you to write up to 3 checks a month, but regular savings accounts allow you to make a withdrawal only. I feel your savings account should have check writing abilities. It gives you one additional option to get money from your emergency fund to cover, you guessed it, an emergency.
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