If they can’t afford a $400 emergency then they aren’t going to be losing that much interest, like $16 bucks a year. If they have a small cushion of 1k to 5k,

If they can’t afford a $400 emergency then they aren’t going to be losing that much interest, like $16 bucks a year. If they have a small cushion of 1k to 5k, then they should definitely consider keeping their retail bank but also opening a high yield saving. No switching banks needed.