...just thinking what is really good with the high interest internet savings accounts? Granted they are secure up to $100,000, but depending on what you have put away, is it the best move? That 5% or 6% APY is cool but just doing some math, one could do much better in a mutual fund. I know that mutual funds aren't 'safe' but until the market crashes and I lose thousands in one day I think they are safe enough. If you set parameters you should be okay, and mutual funds are 100% liquid. You may lose 1-10% if you redeem your money within one year of starting, but if you do the math that's not bad compared to a savings account. In reality it should only be 1% that you'd lose. I am asking because I've been putting a lot into mutual funds but was going to move towards adiding more muscle to my savings account. But no matter how I look at it, from putting $2500 to $100,000 in an online savings account, you can do much better with mutual funds and the money is still liquid. You can make that 1% that would be taken if you withdrew your money early in 1 week with the right fund, even with the wrong fund you could make that. You can start a good mutual fund with $2500- 3000. If I put that into HSBC or Imigrant in one year I'll gain $150 dollars. $150 dollars in one year, that's better than nothing but, with a mutual fund I'm likely to make at least $250-625. If we consider larger amounts, the discordance is only greater. Mutual fund money is not guaranteed. True. but if you set a parameter all you have to do is stick to it and pull your moeny if it drops below your tolerance. I just transferred some money into my online savings account but the more I think about it.. heck, I'm going to cancel that transaction right now Input please?