/biz/ - Business & Finance

>>51278792
yes it is called FDIC insurance which your cash position in a brokerage does NOT have
Your emergency fund should, in my opinion, be split across at least 2 different FDIC-insured financial institutions so if shit gets real and the Fed tries to doomp it you'll probably at least still be able to get some immediate cash from somewhere.
Now if you're 100% cash you'll get rekt by inflation of course but that's what your brokerage is for

With that said. Brick-and-mortar bank savings accounts are a meme. Online-only institutions usually at least pay some interest while brick-and-mortar is basically 0%.