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You'll need to look at your overall portfolio to decide what to do. Look at how much you have (how many months worth of expenses are covered for emergencies). Next, look at your needs for additional cash in the next few years. Do you need to replace a car / roof / appliance / pay for a child's tuition / etc? Consider adding that money to this account.

If there is inflation, an overweight to cash will not provide much protection - so be sure to keep a balance in equities and real assets.