LogFAQs > #950696955

Balrog0 posted...

Yeah, but you're talking about more than one comparison and conflating them.

A savings account is better than some kind of investment for emergency needs because it's more readily available.

A savings account is also better than a checking account for emergency needs because it's generally more secure.

It's about managing risk in both cases, but they're different trade-offs.

I recently had to cancel my debit card because I saw an unrecognized transaction in my checking account.

It's not a big deal... Except when it is. Like giant aspirins example. I mean it's not a big probability event but what's the downside of the savings account? It's not the rate of return if you compare it to a checking account

Ah ok this makes sense. I guess I personally just don't feel like I need this. I was assuming I was missing something, but I'm fine with my level of security. If others need more, I get that

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