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I'd recommend only 6 months of expenses liquid maximum. The rest should be in a brokerage or retirement account. Having your money sitting in a bank account with little to no interest is useless.
I keep ~ 5-6 months if savings in a single high yield savings account. The rest is all in investment accounts ti maximize growth.
I have a Discover bank high yield account for this purpose and it’s been good for me. Everything else is invested.
We have 2 liquid accounts - one is a block to cover expenses if we both lose our jobs. We have about 12 months worth in there and we don’t touch it. We have a 2nd account for near term house projects and large upcoming expenses - this is for renovations (will partially fund), and a car that we will be buying in the next couple months (paying cash for the car).
I use a few savings accounts. One I try to keep out of sight out of mind (i.e. I don’t have anything linked to it so it’s mentally more out of reach), one is a higher interest rate, and one is with my regular bank where we also have other accounts. I have an amount from every paycheck direct deposited into each of them.
Also, used to have one at Bank of America that was linked to checking and they would round up every transaction and put the change into savings so you’d gradually accumulate more in savings. I liked that feature but closed my accounts there for other reasons. Good program though if you have the option.
Pro
Yes, i have a single hysa which i change every 2 years or so. I do this so im getting the highest rate available in market. Rest is in brokerage. Majority of my holdings are stocks/etfs as im under 40. Will gradually change to mutual as appropriate. Every year i reassess at my short-term and long term savings goals. This helps me create monthly savings target I want to hit for the year.
I use Yotta which is a lottery-based interest system (on top of 0.2% base interest). My APY so far is around 1.5%. I highly recommend! If you’re interested, you can use the referral code GETYOTTA123 for an extra tickets for the weekly drawing (usually you get one ticket per $25 deposited)
I have separate HYSAs for various sinking funds (car, home improvement, taxes, and an investment opportunity cash holding account) at Capital One. I have a separate emergency fund at a credit union disconnected from my other accounts with 6 months of expenses sitting there.