Current Events > what's the point of having your money in a savings account?

(+) Yeah! (+)

The interest rates are laughable.

Quick access to it. Makes sense in certain situations.
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Can't be easily accessed as opposed to an account you have a debit tied too.
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Fossil posted...

Can't be easily accessed as opposed to an account you have a debit tied too.

not true if it's the same bank, I could open up my bank's app, transfer in seconds and the funds are immediately available. Not that I actually have much at all in my savings, but between different accounts in the same bank I can shift stuff around and not have to wait any amount of time for it to be available

smoliske posted...

Fossil posted...

Can't be easily accessed as opposed to an account you have a debit tied too.

not true if it's the same bank, I could open up my bank's app, transfer in seconds and the funds are immediately available. Not that I actually have much at all in my savings, but between different accounts in the same bank I can shift stuff around and not have to wait any amount of time for it to be available

I meant not easily accessed in the case of having your debit card stolen. That's honestly the only reason I have a savings account. I don't keep more than a couple grand in my checking.
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Keeps someone from draining your account if they get your card number
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Uh oh, serious robbers came during the night. They got past your bullshit adt security, tortured you until you spilled the money, and got away clean. Too bad you didn't keep your money in the bank.