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!!

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.

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.

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

Money Tips Money Hacks's avatar

So glad you enjoyed, thank you for reading!