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AMEX HYSA - 4/9/24 just dropped for first time from 4.35% to 4.3%

Posted on 4/9/24 at 9:06 am
Posted by thelawnwranglers
Member since Sep 2007
38817 posts
Posted on 4/9/24 at 9:06 am
I wonder what drives their rate. Aka what are the doing with money and how they set rates
Posted by thunderbird1100
GSU Eagles fan
Member since Oct 2007
68407 posts
Posted on 4/9/24 at 9:35 am to
A little weird they changed it down some when the fed rate hasnt changed since August of last year and no rate changes have been announced still

Granted it's only 0.05% which is pretty tiny.

I'm currently at 5.25% with Robinhood (gold) but that goes down to 5% after a promo period there
This post was edited on 4/9/24 at 9:36 am
Posted by Helo
Orlando
Member since Nov 2004
4593 posts
Posted on 4/9/24 at 9:48 am to
This is strange.
Wife has AMEX HYSA and I have Betterment.
Betterment just increased from 4.75 to 5.00% last week.
Posted by BCreed1
Alabama
Member since Jan 2024
1275 posts
Posted on 4/9/24 at 12:01 pm to
Marked this thread. interested in all the information I can get on this.


Thanks in advance.
Posted by TheWalrus
Member since Dec 2012
40714 posts
Posted on 4/10/24 at 5:20 pm to
I’ve got two savings accounts
CIT Bank at 5.05%
BMO Alto at 5.10%

I haven’t had any problems but apparently the downside is that if shite happens, it’s hard to get ahold of someone and get the problem resolved.
Posted by lsujunky
Down By The River
Member since Jun 2011
2269 posts
Posted on 4/10/24 at 8:29 pm to
I have a AMEX and Flagstar which went from 5.35 to 5.55
This post was edited on 4/10/24 at 8:30 pm
Posted by MSTiger33
Member since Oct 2007
20401 posts
Posted on 4/11/24 at 4:28 pm to
Still getting 5.25% at fierce
Posted by wutangfinancial
Treasure Valley
Member since Sep 2015
11185 posts
Posted on 4/11/24 at 5:23 pm to
My MMMF is 5.02% as of this afternoon.



The front end of the yield curve has shifted down since January 1st. I don't know how banks hedge HYS vs MMMF deposits though. MMMF generate yield with REPO.
Posted by VermilionTiger
Member since Dec 2012
37606 posts
Posted on 4/12/24 at 10:21 am to
Capital One went from 4.35% to 4.25% overnight
Posted by Big Scrub TX
Member since Dec 2013
33577 posts
Posted on 4/25/24 at 11:49 am to
quote:

AMEX HYSA - 4/9/24 just dropped for first time from 4.35% to 4.3%
USFR is still paying almost 5.5%. Just use that.
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