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Well, they offer liquidity. I keep one for emergency living expenses; there's no real advantage over leaving it in checking, I guess, other than as a unit of or
by gipp 11y ago
Well, they offer liquidity. I keep one for emergency living expenses; there's no real advantage over leaving it in checking, I guess, other than as a unit of organization, to explicitly mark it as "emergency funds".
- steve-howard 11y agoI do this too. Funny enough, my checking account earns a higher rate on the first $10k than my "savings" account, but I use a split direct deposit to grow my emergency savings and then try not to look at the savings account to reduce the temptation to use it.