You can quite easily get .5% from anything called a High Yield Savings account. They are FDIC insured. You used to be able to get as high as 1.5%, though with

You can quite easily get .5% from anything called a High Yield Savings account. They are FDIC insured. You used to be able to get as high as 1.5%, though with fed rates dropped to 0 that has gone away. But .5% is still 50x higher than .01 (and many multiple times higher after a few years of compounding interest). If you have a 15k rainy day fund, you're easily throwing out 1k a decade by keeping it in checkings. I use marcus, not affiliated but here: https://www.marcus.com/us/en/savings/high-yield-savings https://www.marcus.com/us/en/savings/high-yield-savings Edit: missed the part about you not being in the US. Not sure what options you have, but to any americans reading this, use high yield savings!