Tell me why I shouldn’t earn 3.30% on my emergency fund by keeping it in a checking account.

3.30% is what I would earn on my ~$10k emergency funds by keeping it in my checking account and using my debit card 15 times throughout the month. With this rate, I would think it would make sense to use my debit card for the first 15 purchases during the month (gas, groceries, household essentials) and then use a credit card with good rewards for any additional purchases during the month/big purchases. The money earned by 3.30% would outweigh any credit rewards I would be missing out on right? 3.30% is more than any savings account rate I’ve seen. Anyone else have a better strategy for their emergency fund?

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Author: /u/Lolwuttermelons

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