Best savings account to stick your emergency fund in?

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HYSA Marcus or their non-penalty CD (up to 2%)

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HYSA

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They’re all basically the same, like SA1 said, just find the one that will give you the highest APY.

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Doctorofcredit.com is a great resource. You can see many rates in one list and see which accounts give bonuses as well

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I leave mine in a schwab fund with mostly cash and bonds. Some low risk ETFs.

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Check out HSBC Direct

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Anyone ever use high yield checking accounts for savings? I’ve weighed doing this before and saw some pros and cons.

Pros: I usually see better rates that are in the 2.5% - 5% range. ATM fee refunds for any ATM. No fees related to the account such as min balance.

Cons: minor hoops to jump through to get the high interest rate (e.g. direct deposit, minimums number of debit card swipes, eStatements, etc). Also typically have cap on balance that earns high interest (I’ve seen typically from $10k - $25k)

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I have HSBC direct and Discover online. I prefer Discover's website and ease of use. But you have to wait 3 days to get money. Brick and mortar you can walk in a make a withdrawal

I’m happy with Viobank’s HYSA. Best rate I’ve found.

I have mine in a money market fund within my brokerage account. Gives me the flexibility to invest it in funds, get a decent return, and don’t have to open a new account.

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