[Beginner] In my location, my bank (PNC) has a savings account interest rate of 0.03%. Capital One is 3.4%. American Express is 3.75%. Is there any reason not to switch to one of those? Submitted by Flopcandy t3_12561xj on March 28, 2023 at 11:23 PM in personalfinance 83 comments 51
jchaven t1_je2yq3c wrote on March 29, 2023 at 12:55 AM You don't "switch". You open an additional account (or more). These are where your emergency fund lives, or your new car fund, new refrigerator fund, etc. Your local Savings account is to cover your checking account. Permalink 2
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