Submitted by Tech_geek23 t3_10q2nl8 in personalfinance
bflaminio t1_j6ni4xc wrote
Reply to comment by Tech_geek23 in Traditional Savings vs HYSA Savings by Tech_geek23
There are advantages beyond monetary for doing so. I use Schwab Bank for most of my banking, and it is linked to my Schwab Brokerage account. My e-fund sits in the brokerage account, invested in a money market fund. It doesn't pay quite as much as the better HYSAs, but if I need to make an emergency payment it's simple to transfer money between the two accounts.
Tech_geek23 OP t1_j6niinp wrote
That makes sense as well. I link all my accounts so the actions are easy but having 2 different apps and sites is not my favorite thing
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