Ally 4.00% HYSA vs Marcus 4.25% — why I split my emergency fund
My emergency fund was $22,000 in Ally at 4.00% APY. Marcus by Goldman Sachs is at 4.25%. The difference: $55/year. Small, but I moved $11k to Marcus.
Why not all $22k? Ally's interface is better for quick transfers. If I need cash fast, Ally's 1-2 business day transfer to checking beats Marcus's 3-5 days. So I keep half in each.
The math: $11k at 4.25% vs 4.00% = $27.50/year extra. Not life-changing, but it adds up. And I still have instant access to half the fund.
— David