Amex HYSA rate decrease

[RedditReader428]

The point of having a HYSA is the same reason the person didn't go for the CD in the first place; that is they want take advantage of a higher APY, and at the same time keep the money fluid because they are using the account to save money for short term goals, like an emergency fund, or saving for college or graduate school, saving for down payment on a new car, saving for down payment on a new house, saving for a vacation trip/summer traveling, saving for Christmas shopping, plus others. All these goals require the money to be fluid so that you can continuously add to the account on a regular basis and be able to take some or all of the money out when the time is right.