We started out with just a few thousand but make regular contributions. We have a mutual fund, the emergency fund, 401k, Roth, stocks... out of all of it, the HYSA is the only one making money, the only one that is safe and the only one that won't penalize us if things were to nose dive and we needed our money.
HYSA is where we have squirreled money away. We have easy access, no penalties and, currently, the rates are so high that we haven't found anything that competes.
thescoop_ t1_iuc0ldf wrote
Reply to comment by alessandrahype in What do you do with extra money after you have an emergency fund + no debt? by [deleted]
We started out with just a few thousand but make regular contributions. We have a mutual fund, the emergency fund, 401k, Roth, stocks... out of all of it, the HYSA is the only one making money, the only one that is safe and the only one that won't penalize us if things were to nose dive and we needed our money.