Amex lowering Apr on HYSA

[Snook_on_the_Line]

[Snook_on_the_Line]

Down from 4.25% apy

[ptatohed]

I'm seeing this on my HYSAs as well.  It was inevitable.  No more 5%s.  Let's hope the 4%s stay for a little longer.  

[Anonymous]

The recent APY drops I can attest to.

Synchrony HYS - 4.545% > 4.30%
Capital One HYS  - 4.35% > 4.10%
AMEX HYS - 4.25% > 4.10%
Discover HYS - 4.16% > 4.10%

VMFXX 7 day SEC yield - 5.27% > 4.87%

But Chase Savings still holding strong at 0.01% APY
Thats notable right?

[Windchill92]

Was pretty bummed out when I got this eMail this morning...but a change to be expected. If this rate cut remains, I'd expect Amex to drop rates again to 4%ish before the end of the year.

Have been ignoring Citi's 4.30% APY, which I will now keep an eye on...but that'll probably drop soon, too.

NFCU has a 1 yr CD with 5.30% APY on a max $3,000 balance. Probably going to scoop one of those up before they drop that.

[FicoMike0]

Dcu is still offering 6% on the first $1000

https://www.dcu.org/bank/savings/primary-savings.html

7% up to $25,000 with hoop jumping.

https://www.lascolinasfcu.com/checking-accounts

[Windchill92]

Las Colinas FCU requires 15 debit card transactions/month. Other FCUs require a similar or less amount on a high yield checking acct.

I remember a workaround for this being discussed here on the FF, but what is it again? Recurring transactions/transfers?

[FicoMike0]

I don't know about a workaround. It does say point of sale, does that eliminates online purchases?

I did 50 in 60 days for a sub, but I'm not doing it longterm. Go to the movies, two tickets, popcorn, three transactions. Go to grocery, self check out, 3-4 transactions. They do add up quickly. The thing is, you're not using your cash back credit cards.

[FicoMike0]

Btw, have you ever been to las Colinas? It's a shame some people have to live like that!

[crystal626]

I'm going to miss the high savings rates. It's been nice having consistent low risk returns.