3. Is there any legitimate reason, at all, not to use SGOV as checking account (Eme...

Is there any legitimate reason, at all, not to use SGOV as checking account (Emergency Fund)

7 day yield

Those are fluctuating yields, subject to the whims of the Fed and market behavior. A savings account doesn't fluctuate like that.

Almost 2 months ago, in the 2 weeks between Nov 30 and Dec 15, SGOV lost 0.4%. My savings account wasn't doing that.

Today, SGOV is back to where it was Nov 30 (100.37). 7 lost weeks. Meanwhile, in a HYSA I've been getting paid 3.5%+ (equiv) per month in Dec and Jan while SGOV did nothing.

It's not just theoretical. So far I've made more money in the savings account than I would have holding SGOV. We'll see what happens next with Fed rates and the bonds market, but in the savings acct my future returns are guaranteed.

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