[USER]

What are thoughts on use of an HYSA with a debit card as a checking account? What has been your experience with Wealthfront? Do you recommend something else?

[Gen]

I advise against it. You can only pull from a HYSA 6 times a month without penalties. Also, HYSA is for large savings, like the emergency fund, vacation, and a new car.

I like Ally because the savings can be separated into buckets.

Once you start pulling money from HYSA, you may be tempted to overspend. Best to leave it alone.
I advise using a checking account for monthly bills and small purchases.

[Mark]

Use ur brokerages MMF. same apy and 100% liquid. No restrictions on withdrawals or min amount.

[Gonzalo]

Nope. HYSAs limit the amount of monthly withdrawals.

[D.E.]

I love Wealthfront. Wouldn’t go with anyone else.

[Author]

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