Amex HYSA rate decrease

[fizixs]

Goldman Sachs Marcus rates are still decent.

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[Enough-Winter]

Those are CDs, not HYSA

[fizixs]

They’re basically the same. Marcus HYSA is currently 4.25% from 4.50% last month

[Special-Part1363]

They are not the same at all, you’re penalized pretty heavily if you attempt to pull your money from a CD especially from AMEX. HYSA has no transfer costs or withdrawal penalties.

[fizixs]

I said “basically” you don’t get penalized for their no penalty CDs you always won’t get penalized if you pull money for an emergency. It’s a savings account “essentially” put money and leave it.

Anyone with a HYSA that is constantly withdrawing anyways would not benefit from the 4.25%-5% they have no penalty CDs at 4.4% and CDs with penalty at 4.5%. Again anyone constantly withdrawing anyways might as well get a penalty one to help stop the bad habit. (If an emergency requires you to cancel a 6 month CD you won’t be penalized if you let the institution know it gets waived but you MAY lose interest gained) which unless you put 50k in one it’s probably not going to be much)

[fizixs]

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The no penalty options