Banks are going to give you complete shit return for holding your cash. HYSA give you better return, but sometimes suffer from bad checking account features. For example, Wealthfront has very bad check-writing abilities.
+
Banks are going to give you complete shit return for holding your cash. A HYSA will give you better return, but sometimes suffer from bad checking account features. For example, Wealthfront has very bad check-writing abilities.
Most brokerages are also not going to give you much for your cash. Excess cash in your brokerage should be put into a money market fund. For example, at Schwab you can [SWVXX](https://www.schwabassetmanagement.com/products/swvxx). The key point is many brokerages won't automatically sweep to this for you, so it requires you to do trades. Fidelity has better auto-sweep services. You can find good money market fund at [Yieldfinder](https://yieldfinder.app/money_markets).