I need to start looking into opening a separate high-yield savings account.

I have my savings account at Charles Schwab — they have a bank and I think my “high yield” rate is 0.1%… although I’m sure there are some online options that offer higher than that as that rate is a few years old now.

But I love Schwab & the account is sufficiently challenging to get money out of (I have to call them and request a transfer) but it’s also fairly painless (it only takes a day or two after I request it for it to show up in my Bank of America checking account) so it prevents those spontaneous I NEED THIS RIGHT NOW purchases. There’s also a debit card in case I need to take out cash from the account or pay for something (most recently I used it for medical expenses).

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