[Jommi]

Its a savings account so you can only withdraw 4-6 times a month.

[adammoelis]

The regulators actually lifted this cap recently, so it's now unlimited most places. But this is temporary from covid.

They wanted people to have more flexible access to their funds given given the macro environment.

[lyrrad]

My understanding is that the Federal Reserve seems to intend the lifting of the cap to be essentially permanent, despite the cap being lifted in the form of an "interim final rule".

See the third question at the Fed FAQ here: https://www.federalreserve.gov/supervisionreg/savings-deposi...

[adammoelis]

Oh cool I did not know that. Thanks for bringing this up

[Jommi]

Super interesting!