Hello,
I have recently started my FI Journey. I am very excited and my wife is on board. That being said, she is very big on having a designated emergency fund that is rather large. The number we got to was $20,000. I understand that Roth IRA contributions could be used for this, etc etc. That is not a battle I want to get into when my wife is in for optimizing in basically all other ways.
That being said, my friend reccommended Capital One as a HYSA option, specifically because it has seperate "buckets" contained inside. I want to start saving money for vehicle replacement each month in addition to possible savings buckets for other short term goals. Any long term goals I plan to use a taxable brokerage accounts. I do not know if other companies' HYSA options have this convenience feature. Capital One seems to be in the middle of the pack for interest rates Since this is something I am going to carry long term, I don't necessarily want to lose out on a higher interest rate.
All thoughts appreciated, Thanks in Advance,
