> Meanwhile you're earning nothing on it, and it's not tax advantaged In some situations, you may be earning negative money! Inflation may beat whatever measly

> Meanwhile you're earning nothing on it, and it's not tax advantaged In some situations, you may be earning negative money! Inflation may beat whatever measly fraction of a percent your savings account earns in interest. If you're content to leave a pile of money in an account you can spend from whenever necessary, why not at least use a Money Market? It's slightly better than a plain old savings account, but not as risky as other investments. Or, setup revolving CD's, so your money is at worst 30 days away. A regular savings account is simply not a good place to park that much money. It's the safest, but that safety comes at a cost.