Savings accounts are stupid if you are investing tens or hundreds of thousands of dollars in free cash, after establishing an emergency fund of several months'

Savings accounts are stupid if you are investing tens or hundreds of thousands of dollars in free cash, after establishing an emergency fund of several months' income. Savings accounts are not stupid if your life savings accumulated over many years is only $2,000 or $3,000 and you never know when you'll need to tap into them for an emergency.