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regalalgorithm3 karma

That's fair - of course it is good to have both a savings account and investments. For me personally, i've done research and found that there is not much of a benefit to have a savings account in addition to a checking account, as i'd prefer to put savings in a balanced retirement account (and sometimes less balanced ETFs in my IRA). But of course different people have different needs.

regalalgorithm2 karma

This seems neat, but also similar in spirit to thing like Acorns and QCapital which just passively lead to saving via rounding up purchases (a similarly good tool to help people save, I suspect) . And as far as I know their services go to ETF investment rather than a savings account, and the former is strictly better for consumers. Are you thinking of incorporating passive saving and options for investment as well?