4 months for a 0.8% return isn't very good. Better than CDs but your expected return in the market is higher.

Yep. This was money I had in a Vio Bank savings account where the rates have gone from "very small" to "almost nothing".

If the cash shouldn’t be in the market, say an emergency fund, the return is worth the effort.

No one needs a $250k emergency fund.

Personal finance is personal. If someone wants that level of comfort and assurance that they can survive for x number of years without work, that’s their decision.

You don't need to transfer cash, it can be stocks from your current brokerage.

Is it a cash account or a brokerage? I figured it was an additional .8% to whatever you're already making

From https://account.chase.com/consumer/banking/chaseprivateclien...:

"Within 45 calendar days, transfer a total of $250,000 or more in new money or securities to a combination of eligible checking, savings and/or investment accounts (excludes Chase business checking and savings accounts, any You InvestSM, J.P. Morgan retirement accounts and CDs), and maintain the balance for at least 90 days."

But note, another requirement is: "Meet with a Private Client Banker by January 15, 2021 to upgrade your account to Chase Private Client."