High yield savings accounts

I'm mostly just looking for something to put the emergency fund in

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Is there anything to be worried about with opening an account like that Barclay's? I'm a money novice for sure, and my high yield gets horrible returns. I think I have 15k in it for now and it gets like $4 a month.

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"High Yield" is a misnomer at the moment. At 1% the value of your money is decreasing in relation to inflation.

I wouldn't hold $15,000 in a high yield account unless I was planning to do something with it in the next few years like buying a house and you are trying to preserve principal.

If its all you got to your, then you'll see some various points raised.

You can stick it in a ROTH and get it back out without penalty so you don't lose the opportunity cost of not making contributions, but if its all your assets don't take high risk with it(A money market is essentially a savings account). Getting the money out only takes a few days and you should have a CC to cover the interim. As you accumulate wealth you can start shifting that money into "riskier" assets.

Others will go all Dave Ramsey and say you should have cold hard cash. If you aren't responsible you should do that.