With regard to a separate account, I would consider having one of these, in order of most preferred to least preferred: 1. An investment account to move money

With regard to a separate account, I would consider having one of these, in order of most preferred to least preferred: 1. An investment account to move money into, even if it's not invested. 2. A savings account at a second bank from which transactions or even withdrawals cannot be done, only transfers to your checking account at the first bank can be done. 3. A CD (Certificate of Deposit) at a bank, although this locks up your funds for the designated time. Any checking account leaves you most at risk.