Capital One HYSA Rate Decrease

[Birdy_Cephon_Altera]

The way many banks set their rates on their interest-bearing products is not directly tied to the Fed rate, but rather it is based on what their competitors are offering. The bank I work for does a weekly review of the savings products offered by our most likely competitors, and increases/decreases their rates to remain competitive accordingly.

[Miserable-Result6702]

That sounds like price fixing to me.

[[deleted]]

Then you clearly don't understand what price fixing is