I do carry some cash on hand in my tangerine account which already avoids some of this account mentions. I’d mostly just want the sign up bonus but would be willing to hold the account as long as I don’t have to pay the fee. You bring up points to consider!
bylo wrote: ↑Mar 14th, 2019 8:18 amGeneral answer: No.
It may be possible if you have a TD Relationship Manager. But to have one you'd need [IIRC] at least $1M in assets at TD. In that case keeping a balance of $5k wouldn't be an issue.
Do you have an emergency fund in an HISA? If so then the decision should hinge on the cost of foregone interest, i.e. the interest you'd earn in the HISA compared to the value you get from an All-In account.
If you don't have an emergency fund then perhaps you ought to consider creating one. Then revisit the decision about where to keep it.
And yes, if you keep the emergency fund in All-In and need to use it, you'll start paying $30/month until you get back to $5k. OTOH if you take a cash advance on a CC to handle the emergency you'll pay ~20% in interest. 20% on $5k is $83/month. That makes the All-In look even better.