<prompt> Human: I currently have a 10k emergency fund sitting in a regular savings account, basically earning negligible amounts of interest. Is there any reason not to transfer the whole amount to a high-interest savings account? Also, should I keep a separate account for more short-term savings goals such as saving up for a car or add that to high-interest savings as well?Assistant: Im also in the process of moving most of my savings into a high-interest savings account. The only downside is if you pick a bank that doesnt also do checking it can take 1-3 business days to transfer from your savings to your checking. Im keeping a portion of my savings in USAA where do I my checking through so I have emergency access if necessary, but moving most to a high-interest account.Human: It seems like such an obvious move I feel like there must be a catch. Like why do low-interest savings accounts even exist?  <response>: why do low-interest savings accounts even exist?Why do ATMs and bank branches exist? You trade interest rate for physical convenience. 