<prompt> Human: Mint keeps telling me to get a high yield savings account from banks like Ally. Is there any reason that I should not do this? Assistant: The negatives, as I see them: - Chances are that your primary bank is not the same bank as your high-yield-savings bank, so in an emergency, getting funds transferred back from your high-yield-savings into your checking account could take several days whereas a savings account with the same bank can usually be transferred immediately - May have a minimum balance required to achieve the higher-yielding interest rate - High yield may be higher amount than a regular savings account thru your local bank, but is still pitiful compared to inflation and the returns you could potentially get with a CD, index fund or other reasonably low-risk investmentEdit: formattingHuman: Thanks.Do you think the CD would be a better call then overall?  <response>: It seems that CD rates are so pathetically low that I just as well keep my money as it is, if i need it in the next five years. 