This may be a stupid question but do you keep your money in different

>>1845373
>high APY bank

yeah good luck with that.

Different accounts at the same bank. One is emergency and one is house down payment savings (or maybe bizness)

>>1845373
Just one but I have 0 expenses. Makes sense to use 2-3 incase you get locked out of an account for some reason.

How much you put where depends on a lot of things honestly... limits on your government's deposit insurance/guarantee, yield, utility, fees, etc.

I have 2 accounts at a big brick and mortar bank totallying about 20k and 2 accounts at a direct (aka purely internet) bank with much higher interest rates, plus another 25k in staggered time deposits for even higher yield.

Having a main bank with actually facilities is quite valuable so you can reasonably access cash and consulting even though the fees hurt a bit. But I recommend a direct bank on top. Sure, they don't give you a debit card, have nobody to talk to and a shit interface on their e-banking site - but they're basically nothing more than a self-administrated glorified piggy bank, so who cares if the returns are better? No harm in trying some out, they often have no fees at all. Just take care they're actually a domestic bank and not some foreign unregulated scam and that they consistently offer good rates and not just a one-time offer to draw you in.

I live in the EU and transferring between my banks legally may only take 1 business day (SEPA, fuck yeah!) so all my money is still pretty accessible if I ever need it at the main bank.

>>1845373
R35 is better desu

>>1845373
check out ally

>>1845373
I keep a few thousand in my Chase checking account and the rest of my emergency fund in a Capital One 360 account. It only yields about 1% now, but it'll go up as interest rates rise in the next few years.

I keep a small amount in one checking (no interest) for day to day stuff
All of my cash savings at another bank (online only savings) for the best interest rates possible
Robinhood for meme penny stocks
The rest in vanguard (funds and etfs)

I feel like this is the most optimal solution

>>1845590
try telling that to >>>/o/

>>1845373
Yeah 1 account my pay goes into located in Australia, a HSBC multi-currency account based in Australia I wire money too, a chase checking act in USA and I used to have a high-interest act in Australia earning 4.5% but when that withered down to 2.x% I put most savings in mortgage

FBAR's are annoying

>>1846370
Do ausfailians not understand that their currency is subject to more inflation than usd, meaning that nominal interest rates are higher but real rates are probably the same as the USA?

Stupid
Dumb
Aussie
Scum

lots of good sign up bonuses for online bank accounts right now