6 Comments
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Sheima's avatar

My HYSA from AMEX just decreased in % last week by nearly 3/4 of a percent!!

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Money Tips Money Hacks's avatar

Not a good feeling. Interest rates fluctuates on HYSA’s and HYCA’s, both are still good options to have your money work for you.

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Sheima's avatar

Oh it’s normal?

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Money Tips Money Hacks's avatar

When the Federal Reserve cut rates, it likely decreases the APY on accounts. Rates were cut in September. Also, inflation can affect dollar amount.

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Amy's avatar

Some really great take aways from this one that I’ve never heard of before. Thank you so much! Looking forward to more tips

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Money Tips Money Hacks's avatar

So glad you enjoyed, thank you for reading!

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