Bank emergency fund/savings account with high %

[Lowdown3]

Noticed an ad for a Capital One account paying 2%

Pretty decent rate for a money market right now.

https://www.capitalone.com/bank/savings-accounts/online-money-market-account/?utm_source=smartasset&utm_medium=rate_table&external_id=360B_MM_DIS_20612739_3213147_211874092_0

If you had say $50K in an emergency fund at a local bank paying 0.5% and could move it to get 2% it would be quite the difference with similar access.

Anyone utilize any accounts like this? Any drawbacks? Other than Etrade I've always just used brick and mortar banks.

[Lowdown3]

Try your local bank also. I asked the gal at the bank I work with if she could match the 2.4% I was seeing online.

She came back with 2% and that's over double what I was getting so I'm happy and don't have to go through the proctology of opening a new account somewhere!