The math on this is brutal when you actualy sit down and calculate it. I switched my emergency fund from Chase to Marcus last year and the difference in a year was enough for a decent vacation. What gets me is how big banks basically rely on people not doing the 15 minutes of work to move their money, and they make billions off that inertia.
I’d give an honorable mention to muni funds. Living in California, my Cal Muni fund currently pays over 3%, tax free.
That's a great addition, particularly for those in high income tax states, if you invest in a fund within that state. Thanks for sharing.
The math on this is brutal when you actualy sit down and calculate it. I switched my emergency fund from Chase to Marcus last year and the difference in a year was enough for a decent vacation. What gets me is how big banks basically rely on people not doing the 15 minutes of work to move their money, and they make billions off that inertia.
Absolutely. How are you liking Marcus so far?
Why haven’t I done this math before 🤦🏻♂️ so obvious now