Use EQ as Emergency Fund. Good idea?

So EQ Bank gives 3.30% if you set up a $2k/month direct deposit.

I was thinking:

• Park about $44k there as my emergency fund.
• Have $2k from my paycheck go into EQ every month just to trigger the bonus.
• Then pull that $2k back out to my main account for regular spending.

Is this a stupid plan or does it actually make sense?

Thank you