I keep mine in an online high-yield savings account which is linked to my checking account. Transferring money out takes 3-4 days, which is enough of a buffer to make it hard to impulse spend it. CDs are an even better option but you need to make sure you can get the money if you truly need it, so you probably should ladder the CDs so you are not giving up all the interest if you have to withdraw from one of the CDs early.
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