Do you get good interest rates anywhere? Last time I checked at banks I think checking accounts had .06% and even a long term CD was around 0.9%.
I'd be better off just playing the market at that point (or using something like betterment/wealthfront to hold most money).
Simple is nice because the interface/app are solid and they have incredible customer service. The only other thing I'd want from them is a decent rewards credit card.
The best I've found are with Ally -- 0.85% for a MM account and 0.25% for a checking account. Still pretty meaningless, which is why, despite banking with Ally, I keep a sizable amount of my money in Betterment.
If you have 120k with an interest rate of 1.0%, you are basically losing out on about $3.33 a day. In one year, you end up losing out on the amount of money you would need to buy a nice UHD monitor. It's simply not worth it, IMO.
I'd be better off just playing the market at that point (or using something like betterment/wealthfront to hold most money).
Simple is nice because the interface/app are solid and they have incredible customer service. The only other thing I'd want from them is a decent rewards credit card.