"I might HAVE mentioned..." (obligated to do that as Don has given up on it )
My feathers are fine, thanks for asking.
Anyway, I have a Schwab acct as well. I keep cash in SWVXX, one of their money market funds. It is currently paying about 4.8%. I am in a premier banking program at my bank which gives me no fee accounts, free online billpay, a free safe deposit box, etc. I keep just above the minimum required (20K) to stay fee-free. It's very easy to do online transfers from Schwab and/or other online banks, as needed, to cover expenses, so there's no reason to keep extra money in a virtually zero-interest account. I generally transfer funds once or twice per month, depending how much I need for checks "written" (actually online billpay). Keeping 6 months of living expenses in a zero-interest account seems silly to me. Perhaps I have more time for this than you do, as my roof shoveling time commitment is zero.
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