Originally Posted by rajuabju

I park 200k in the BD checking account because I get 20k miles a month, tax free (everyone please do their own analysis, etc, dont depend on anything I say regarding taxation).

To me, AA miles are worth about 2.5 cents each. x 20k per month, so thats like getting $500, every month. And you can imagine what taxes I get hit with living in the Socialist Republic of California if I had them in a checking account or wherever else that I'd be 1099'd

Its a better return than anywhere else I can think of, while keeping these funds 100% liquid and FDIC insured.