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@DryHeat @SRC54 - I crated a manual ROTH account and made the deposit. the reason is that I can add interest transaction if I want in the future. Thank you for your points that were raised.

@Dick_Davis

My usual practice is to change the defaults only if there is some reason to do so.

Some financial institutions balk at frequent updates, or ask for multi-factor authentication when updating. In those cases there is good reason to make the updates less frequent. Particularly if the account is one — like some investment or loan accounts — where changes are infrequent.

But if you are currently having no problems, there is no need to change.

Good point. Luckily I don't have any problem with MFA, but one never knows.

I changed by Fidelity accounts today to once per day mainly just to try it out. Fidelity doesn't usually do pending transactions, so I will see. Of course, there is manual update as a fall-back.

@KP_9

The only one I changed was my mortgage account; it requires a token MFA revalidation every time it refreshes, which was a bit of a hassle given that I usually am in Simplifi at least daily. Additionally, the balance is static all month until the day when my auto-payment applies and drops the balance, so it made sense to bump it out to refresh less frequently than the other account types.

I could also see a use case for bumping out refresh cycles on investment accounts for someone who's deliberately looking to smooth out market moves and not worry about daily fluctuations by checking those balances weekly/monthly, etc.

I prefer to have all my investment accounts refresh on the default, but I know other folks who intentionally don't check their retirement account balances too frequently to avoid making stress-driven portfolio decisions during high volatility times and letting their long-term strategies play out.

I played with it to see if it made any difference to me and how I manage my finances, and it didn't so I returned everything to the default.