<prompt> Human: Is it fine to just only have a Checking Account for immediate and emergency money and store the rest in various bond and stock funds, thereby not having any need for Savings?It all should average out for you. A diverse portfolio should outperform high yield bank rates over several years. Savings just seems less liquid than a Checking, and less profitable than investments.  <response>: Well, savings rates are still on the order of 100x greater than checking interest rates. I only keep the bare minimum in my checking account because I earn a couple hundred dollars a year or so in interest by keeping everything extra in the savings account unless and until I need it. Given it takes 2 minutes of my time and 2 days of waiting to move it, thats well worth the effort to me. Its easy to think of the market as an extension of your emergency fund when its been on a run like weve seen in the last 5 years or so. Reality will hit home sooner or later. 