conversation: User (bkrol4): "Hey pf,\n\nAfter doing my taxes I saw that I earned around $1.00 on my savings account for the year with BoA.\n\nAfter looking into high yield savings accounts it seems like a no brainer to have my rainy day fund put into a high yield savings account instead of letting it sit and rot in my BoA savings account.\n\nSo I ask you, am I missing anything in regards to high yield accounts? Is there any catch? And additionally what are the best high yield savings accounts out there? Should I look into a high yield checking account too? Thank you!\n\nEdit: Lots of good stuff here, thank you all! I’m going to hit the rest of the work day here and will be back to check out the responses after. Hopefully I’ll be setting something up later today!\n\nEdit 2: Wasn’t expecting to generate this much discussion, didn’t have time to go through it all last night. I’ll be going through and might ask a couple of questions later today. I’m really hoping to get it figured out but with so many good choices I want to make it right!"
  Self: "I just signed up for one last week and after a lot of research I went with Marcus by GS.  It was either that or Ally - they both have similar rates at the moment (Ally is 1.45% and Marcus is 1.5%).  Ally would be good if you're looking for a new bank in general because Marcus is bare-bones right now.  Just savings and CDs.  Ultimately I went with Marcus because I wanted something simple to park my money in.  All transfers go through my local bank and I was able to set everything up in three days.  So far so good!"
  