u/GainOld7169

so my current savings account literally doesnt earn anything like maybe a penny here and there if im lucky its basically just sitting there doing nothing i found out capital one has a 3 point 4 percent interest rate on their savings which is way better than what im getting now so im thinking about moving everything over to them. Like should i just close my current bank account and move all my money to capital one for both checking and savings the interest would actually add up over time right. I know some people say savings accounts are pointless and i should be investing in stocks instead but thats not what im asking about right now i just want to know if switching to a high yield account makes sense for my emergency fund and extra cash i have sitting around. What do you guys think should i make the switch or am i overthinking this