Thanks for starting the discussion! Here’s my setup:
Wife and I have paychecks deposited into regular credit union checking account.
From there a small portion goes into a separate high-yield savings account with CapitalOne (currently getting 5%). This is primarily our “just in case” liquidity account that we can pull from on a dime for any unforseen emergencies.
Another portion then goes into a Fidelity brokerage account for non-advantaged personal investments (non-401k/roth since we max those out separately and those are fed directly from the paycheck)
Recently I’ve also stated diverting another portion into Tbills, though I need a better system for this.
The only thing that remains in checking is the amount needed to cover our monthly cc payments (everything goes through cc bc I’m a cashback/point slut, and it makes no sense not to take advantage of the additional protections imo) which get paid off monthly
Currently I do all the separate account transfers manually after the paychecks are deposited. Main reason is bc I grew up quite poor so I got very good at tracking every dollar manually and never broke the habit. And it serves as a mini-audit every two weeks which is a nice bonus.
Out of curiosity, how did you set up your Treasury bill efund account through Fidelity? I’ve been looking to consolidate and better track my tbill purchases but haven’t settled on a good solution yet