Question about MMA vs Savings
I have had the MMA for a while and have been stacking money in there. I plan to get my emergency funds up to a certain dollar amount in that account and then let it sit.
Now though, I’m working a seasonal job that pays well and will have 5 months off where I will pick up fun part-time work.
After my emergency fund reaches the dollar amount I’m shooting for, I was playing around with opening a savings account through them to put away money for my 5 month down time.
My question is: for that second account where I store money for the off season, should I be storing that money in a savings or a mma? My plan for the emergency fund is to let it sit, while spending out of the other account in the off season
I guess my question is, is it smarter to have my emergency fund sit in an ally savings account or a MMA account? Additionally, should I have the 5 month off season money be in a MMA or an ally savings account?
Thanks