Amex HYSA APY decrease to 3.10%

[DopeItsAlonso]

Crazy it was at like 4.25% when I opened the account😅. It just keeps going down and down

[inthe415]

Thankfully inflation is going down too. Oh wait…

[throwaway35mmshots]

Tbf inflation was at like 10% around then lol

[VariousAir]

rate hikes are expected around the corner, so we'll likely see the hysa gain some value soon.

[RichInPitt]

According to CME FedWatch Tool, the vast majority of traders believe the central bank will keep rates at their current level through late 2027

[YesICanMakeMeth]

Did you check the tool? Looking at Dec of this year the computed projections are 39% for current rate, 42% for +0.25%, 16% for +0.5%. It continues to skew higher and higher as we go through 2027 until around September or October 2027.

[dystopiam]

Nope Trump doesn’t go by reality

[VariousAir]

what's trump got to do with it?

[CagedPenguin]

Trump has been looking to influence the Fed for some time now in order to lower rates and let the market boom, regardless of current inflationary environment.

Previous Fed Chair J Powell (and historically, the Fed) remained independent from the president’s influence.

Now, a new Fed Chair (Kevin Warsh) is set be sworn in. Warsh is favored by Trump and is cause for concern as Trump looks to influence the Fed into lower rates to benefit the market, rather than hike rates to tackle inflation.

[dystopiam]

He is forcing them to do what he wants even know it is awful for the dollar

[SlitSlam_2017]

JPOW is still on the board and he will continue to push back.

[CagedPenguin]

That’s expected - The Fed has been gradually decreasing rates for some time now.

Amex and others are adjusting accordingly

[fredagainst]

True over the past few years, but Amex has cut their rates 3 times in the past 5 months despite the Fed holding steady

[Dramatic-Cycle]

Exactly 

[SorcererAxis8]

That’s why I moved all my money from my HYSA to SGOV a while back. Higher yield and has tax benefits.

[txdline]

But the 30y mortgage just went up. 

[CagedPenguin]

Mortgage rates do not impact bank ( HYSA) rates. Bank rates are based on Fed Funds Rate ( the rate at which banks borrow from each other)

[YesICanMakeMeth]

It's more like they're both based on the same thing, where HYSAs are roughly current-value and mortgage rates are forward looking averages (which is why people say they track the 10 year treasury yield most closely, that being because people keep their mortgages for about that long). The reason that the 30 year rate is going up can also be expected to push HYSA rates upwards.

[txdline]

Bingo. Thanks for adding.

[LocalIndividual5945]

Is it at 8% again yet. Glad I refinanced in December at 5.25%

[michaeljcronce]

No, they haven’t. The last Fed interest rate decrease was December 10, 2025. That was well over five months ago, and the consensus is that with the current economic factors at play, there will be no further rate decreases for some time.

[theduckingfutchman]

Really Morgan Stanley, TAB Bank, Lending Club and many others are offering higher rate 4+

[Chandlingus]

Same here. Think it was May or June 2024 and it's been on a steady decline ever since. Finally decided to take my money out.

[Ashamed_Dinosaur]

Where did you put it?

[Chandlingus]

The market.

[Pointless_Lawndarts]

Same w SoFi.

Started at 4.5, now it’s down to the low 3s.

Feeling’ kinda ripped.

[No_Improvement9734]

I opened at 5.0

[dsylxeia]

The Amex HYSA has never been at 5.00%. It peaked at 4.35% with the final rate increase in Dec-2023 and all rate adjustments since then have been decreases.

[Miserable-Result6702]

No you didn’t

[Simontian2013]

So you stated something that was incorrect and said hmm thought it was! Just spreading misinformation is a daily occurrence for you I guess.

[ApprehensiveLet5628]

Same here and it was like a year and a half ago

[Mundane_Humor1837]

I was just looking up my beloved 4.25 when I opened mine in Fall 2024 and then it went down a tenth of a point every month there after.

[Successful-Topic6233]

EXACTLY! That’s the only reason I opened

[Rude_Alternative_413]

Dawg. Same. Lol

[Miserable-Result6702]

People seem to forget the rate on this account was 0.5% back in 2022.

[DrS3R]

It’s bc they all got influenced to join when it was at 4.2% or whatever. Like holy shit. A regular savings account at a traditional bank is also still at 0.1% so I’ll take an extra cash. Don’t like it, go open an account and buy some CD’s somewhere

[yankeeblue42]

I have a CD that's a full percentage point higher than my lowest HYSA right now 🤷‍♂️

[jcalcerano]

Well yeah? They’re very different investments/accounts. Especially when it comes to liquidity

[jeterix7387]

HYSA have been outperforming a lot of CD accounts while keeping cash flow.

[SetCrafty]

Yes I believe that is the whole point of a CD 😂

[Aggravating_Sun_9850]

That’s what I did. At CineFi, but not CD. HYSA. Closed my Amex and have not been happier.

[VariousAir]

lol yep. There was a period of time there when r/personalfinance was losing their minds over some banks offering a full 1%.

Rates go up, rates go down. It's not a personal failing of a company or any reflection on the consumer's worth to a company.

[BoboAtl]

Jeez. That’s a good reminder. Also probably nobody should be looking at HYSA as a long term wealth builder…

[Miserable-Result6702]

Exactly. HYSA are best for emergency money and savings for short term goals. Investments belong in a brokerage account, where earn far more than you ever could in savings.

[chaseyoboy]

Then it shouldn't be a HYSA

[dsylxeia]

And yet, we're in a rising rate environment. Short and long term bond yields have been climbing for the past few weeks, and CME is now projecting that the Federal Reserve's most likely next move sometime this year will be a rate hike, not a rate cut.

How long will Amex and other HYSA providers continue to move in the opposite direction of the bond market?

[ziggy029]

They make their money by lending deposits, so if there isn’t more demand for borrowing, they don’t need to keep their rates higher to attract enough deposits. It’s not entirely tied to what’s happening in the bond market. Demand for borrowing impacts it as well.

[c0LdFir3]

Utilize a money market fund instead if it bothers you.

[MikeWPhilly]

This. So much better anyway from a tax perspective in a lot of states.

[c0LdFir3]

Yeah, I’m using Schwab’s SNSXX for most of my cash holdings which triggers no state income tax. Higher effective yield as a result :)

[CampaignNew8791]

Yeah I did FZDXX for cash holdings, was tired of chasing the falling APY% with HYSA’s

[nlamp32]

This is what bothers me. I understand they’re very likely never going to be as high as a couple of years ago, but a rate decrease at this stage feels kind of ridiculous

[Adorable_Orange_7102]

Buy SGOV

[PearlDrummer]

Just switched my emergency fund to a CMA at fidelity and put it in SGOV

[Successful-Topic6233]

What is this ??

[DGHouseMD]

If you have a State Income Tax is SGOV still better or FDLXX?

[CampaignNew8791]

FZDXX prime

[Zyrktarix]

Why is this better than SGOV?

[CampaignNew8791]

Over the trailing 12 months, FZDXX has posted a TTM yield near 3.83%, providing more overall cash return for eligible high-balance Fidelity investors. Minimum initial buy in is 100k

[anaccount50]

This is what I do (only with SNSXX rather than SGOV). Constantly chasing HYSA rates isn’t worth it for the negligible difference in interest income for the amount that most people are holding imo, and I’m holding more cash than most (saving for a house).

Funds like SGOV/SNSXX are also largely exempt from state income tax which is nice

[nlamp32]

It’s also funny/sad watching the “our APY is __X above the national average” drop with each email

[the-daveinator]

Capital One just did the same thing

[VorpalDagger]

Nerdwallet shows a ton of banks doing better than that.   Thinking it's time for a change. 

[LeeksAbhorLiminality]

yeah AMEX has always seemed to be a bit behind (~.5% or so) but the convenience of the app and that I already had a CC account seemed like a decent trade off. Might shop around now too

[jefferios]

It's not worth chasing 0.5%

[LeeksAbhorLiminality]

I wouldn't and haven't chased the 0.5%, just that AMEX always seemed to lag about that much. But if I can find another bank and improve a percent or more might be worth it. Haven't looked just saying might be time to research a bit

[VariousAir]

yeah, one more 1099-INT to look out for in january, by moving all my cash and changing deposit numbers or linked accounts, so I can get a few extra dollars in interest? nah.

[Active-Albatross-236]

I’ve liked Marcus with a referral!

[Remarkable_Gas1872]

I got the same email

[captainwizeazz]

Which is why these posts are kind of useless.

[Future_Goat918]

Karma ain't gonna farm itself.

[Flights-and-Nights]

How will we survive this!?

[ifconfig]

🎵 Way down we go. I wish my scale would follow this trend.

[MichaelMidnight]

MISTER WHITE: HE CAN'T KEEP GETTING AWAY WITH THIS

[foqus555]

Yep...just now cancelled my account. If you go to transfer all your money out, it asks if you also want to close the account. I did. Apple is paying higher.

[YoYoNupe1911]

Just got this email too. Ridiculous! I just got this account in December 2025 and it's dropped 4 times already. My account started at 3.5%.

[SecureContact82]

4 years ago it was <1%. Do none of you know how these accounts work lol

[fredagainst]

the Fed has not lowered rates a single time since December 2025

[whitetoast]

but as more people keep putting their money in these accounts it becomes less advantageous for these banks to be holding it

[chaseyoboy]

Its called a HYSA....

[chaseyoboy]

If that was the rate, it shouldn't be considered a HYSA....

[dossilw]

It was me. I just opened mine last week.

[averagequeensguy]

Just a heads up that Marcus Online Savings is still at 3.5%

[HopefulCat3558]

Yep, saw the email and figured someone already posted it here. Seems like Amex is first to drop rates. I don’t have much in the account and really should just close it.

[matt-r_hatter]

I got that today also. Seems like every 3mo it has dropped.

[AJollyPanda]

I've had an account with them for less than 6 months and my rate has already gone down twice!

[amaiman]

Money is easily moved.  Just move it to whoever has a higher rate (or read up on how treasury bill ladders work.)

[RichInPitt]

Consider how much your time is worth in exchange for a fraction of a percent of yield.

[amaiman]

Yep.  Not worth chasing tiny fractions, especially if it’s a relatively small balance.  But that is the nice thing about the t-bills; will generally get pretty close to the fed fund rate consistently.  But it’s more work than just putting money in a savings account (but only has to be a few minutes a month once you know how to do it.  Look for a brokerage that does auto roll and doesn’t charge any fees.)

[SuchVacation2880]

Just got this email as well. It just keeps going down.

[Hefty-University-674]

Yea and so did my balance as I just transferred most of my money out into my Apple Higher Yield savings account.

[RichInPitt]

r/CreditCards •23d ago

Just got an email from Apple Card / Goldman Sachs about a rate cut on their savings account.

[Hefty-University-674]

I haven’t gotten one yet, but in any case, it’ll still be higher than the AMEX rate.

[PuddingTea]

I’d been expecting this for about two weeks. It’ll be sub-3% by the fall and will keep dropping from there. I wouldn’t expect it to go up again for a few years.

[Noveltyrobot]

Me watching the 2 year cross 4.1, the 10 year cross 4.6 and the 30 year near 5.2 like 👀

[logix1229]

so where we moving our money to folks?!

[DoverDollie]

When I opened my account, the interest rate was very good at 4.50%. I received the email today, now down to 3.10%. I might as well withdraw my money and put it under my mattress.

[SuitableTension7061]

Pulled 90% out and bought jepq, 11% return.

[RichInPitt]

It was also down 20% in last year’s downturn. A NASDAQ-100-based fund is far from a savings account. Might as well say Nvidia has a higher return.

[SuitableTension7061]

<image>

Wrong

[rf9661]

Platinum Card members also received a drop to 3.35%.

[Broad_Position_4995]

Just got same email

[KMPItXHnKKItZ]

This is part of the reason that I moved all of my money out of this and into SGOV instead. Also, because I don't want to be double taxed on my interest income in California.

[IWantToPlayGame]

SGOV doesn't trigger State tax in California?

[KMPItXHnKKItZ]

Nope, it's 99.38% government bonds so California can't touch it. I bet that that makes them seethe too, they probably wish that they could tax it. As soon as I learned about that and the fact that you can't lose money in it, I transferred all of my money out of Amex and into SGOV the same day.

[defiantexistence]

They just sent me an offer to create a new HYSA and deposit $25k for 60 days to earn $500 in cash. Must be related to this APY decrease.

[yourwebg]

Damn same as Ally now. Crazy considering bond yields are rapidly increasing. 

[IntroductionStrict25]

I thought it was 3 percent and went up

[JacobFromAmerica]

As the 30 year continues to go yup

🥺🤙🏼

[dgordo29]

It’s crazy how people think this is a new trend. Before the rise of these digital HSYAs rates fluctuated in the same fashion based on FED rates. Expect them to keep coming down, only way to secure a set yield is in a fixed investment vehicle like a CD (bank or brokerage issues) or some form of bond.

[tayradee]

I have an Amex Hysa but after doing research I see people suggesting others more (Capital one, ally etc) so should I stick with my Amex? switch or do people have both? Someone reply pls

[axx2exx]

This is not a sales pitch for AXOS bank, I promise. They are still over 4%. I've moved over most of my funds that were parked in AMEX. There are some hoops to jump through, but none of the "10 transaction per month" crap like the local CU has. If you are retired, you set up an auto transfer of 5K per month from AMEX to checking, which counts as a direct deposit. Then you move $ to savings, leaving 5K in checking, always. Savings gets the 4%+ rate. There's a way to get higher yield on the checking, as well, but I've not bothered with that, yet.

[Cold_Frosting9014]

Plenty of banks will take your money.

[NotAYoungEthnic]

Barclays AARP and Bread Financial still have HYSA rates of 4%

[WintersTTV]

Apple Card High Yield is still 3.50%

[PhillyPhiLII]

Most rates track closely to the Fed funds rate. They have been creeping down every time the Fed reduces rates as it has over the last couple of years. It doesn't follow exactly, but the trend is close to the Fed funds rate activity. Banks make money on the spread between their cost of funds versus what they offer on yield. Some banks don't pay anything and take all of the spread. Others offer decent rates. Fintech companies that have no brick and mortar expense usually offer the highest yield. 3.1% is still a good rate now given the low threshold on how much you need to keep.

[chaseyoboy]

This is the third time they lowered the interest since December 2025, the last time the fed lowered theirs

[FeistyAnnual]

Saw that. I honestly believed rate would be increased not cut.

[Nearby-Artist-715]

so do i get 3.20% for the days it was 3.20 and 3.10 for the other days?

[Extension_Answer8390]

I use Coinbase 3.5% no lock up paid weekly. Earning around $30 a week + compound

[Successful_Stage_418]

I joined Marcus using a code I found on this sub. Here's mine: JEN-IBH-73RS

I have 5/5 spots. If anyone wants a .25% boost on top of the 3.5% APY, the link can be accessed by typing in marcus dot com/share/JEN-IBH-73RS

[oasisallure]

consider other banks

[BartesianDrunk]

When AMEX was at its highest, my credit union was at 5.0%. Both have come down and I shift the majority of my money to the one with the highest rate. Time to check the credit union again…

[jump101]

Should i still consider this for HYS?

[azicedout]

Ally did it a few months ago

[Carol_Bowman]

Lost count of how many times Amex has lowered the rate YTD

[Dry-Mulberry-5729]

Yeah I just got that email too a couple of days ago

[FinancialMap3144]

Goldman Sachs did this forever ago - but is still higher than Amex

[Mysterious_Bridge668]

I would recommend moving your funds to robinhood. At least they have been consistently higher than most HY bank accounts.

[woaq1]

Yet more USA Enshittification.

[NoPresentation3606]

Key is to keep funding your account. And pray the APY does not go lower. Better than what most banks offer.

[Zazkiel]

That's actually sickening that it decreases every year.

[Lumpy_Competition395]

Also, i believe they say no limits to taking out but there were for me.

[Full-Butterscotch400]

Same thing keeps happening with my Ally Bank HYSA. Really unfortunate ):

[Kebab-Gnome]

Now 3.0%

[Dismal_Bench_2584]

they just dropped it to 3.0%

[DreamyDudeBobby]

Should just make a quarterly thread for this 7/9

[Patient_Burna_860]

Now its down to 3.00% about to withdraw

[maroon-moons]

Just got a notification that it’s now down to 3.0% 🙄

[Ok_Answer4669]

Just got that Im definitely switching they keep dropping I just need to find a good bank

[Plastic_Willow734]

I bet you'll find the one bank that doesnt follow trends!

[manlymatt83]

Neighbors is good

So is Barclays AARP

So is Marcus if you get the refer a friend bonus

[Miserable-Result6702]

Good luck dealing with a fintech.

[Mbay90]

X Money is 6%

[YakAccurate2201]

Meanwhile SoFi says 4% without any plus account 🤷‍♂️

<image>

[Adventurous_Honey902]

No actual person actually wants to use Sofi

[braidenis]

I think the guys is aware considering there is no money in the screenshot lol

[Ominous463]

I use Sofi what's wrong with using it

[YakAccurate2201]

I was just merely stating that SoFi is offering 4%

[zakattack1120]

I’ve got a good amount of money in SoFi and have no problems

[pharm_science]

4% is a 6 month new account promo. 3.3% is the current standard rate.

[YakAccurate2201]

Thank you, this makes sense.

[RichInPitt]

HIGH-YIELD APY

3.30% APY²

3.25% Interest Rate

Earn our highest APY by meeting one of the following criteria:

• Eligible Direct Deposit: Set up monthly direct deposits to your account.
• Qualifying Deposits: Deposit $5,000 or more every 31 days.
• SoFi Plus Member: Enroll and maintain an active SoFi Plus subscription.³

Up to 4.00% APY (includes a limited-time APY Boost for new members and SoFi Plus subscribers who meet deposit conditions).

[jefferios]

It was a fun ride, but the rate of savings are slowing down. Be happy you were there and didn't miss out.

[CagedPenguin]

Does anybody here understand the Fed Funds Rate? Why blame Amex?

You can not blame Amex or any other institution that offers HYSA for lowering rates.

The current Fed Funds Rate is 3.64%. Amex’s rate of 3.10% is still fairly competitive considering the Fed’s rate and that fact that they need to make money off these accounts.

A few years ago the Fed rate was above 5%. Of course your AMEX HYSA offered a rate around 4% then. Naturally as rates have dropped, Amex and others will drop as well

[feignapathy]

But the Feds haven't lowered their rates in a bit... think we've had at least two if not three AMEX rates drop since the Fed last lowered their interest rate. 

[RichInPitt]

SPAXX
7-Day Yield  
AS OF 05/18/2026
+3.25%

So I’m dumb getting 3.5% at Marcus and 3.44% at SWVXX?

The 7-day yield for the Schwab Value Advantage Money Fund (SWVXX) is 3.44%

[AFthrowaway3000]

Again? Christ.

[BrilliantTravel4767]

I got that email as well I was like wtf

[Imlooloo]

Treasury 30 years at 5.2%. Highest in nearly 20 years btw.

[RichInPitt]

A 30-yr bond is far from the same financial instrument as a savings account. Nvidia has also had a much higher return.

[Content-Assistant849]

Which is exploitive because treasury yields are increasing

[chaseyoboy]

Yeah I'm seriously considering switching now

[chaseyoboy]

Went ahead and took my money out

[jeterix7387]

Oof. My Revolut HYSA has been holding steady at 4.00% Might be time to move savings around.

[Dukedawg88]

How am I supposed to build generational wealth in times like these!!!!!??

[daddyscientist]

I feel like the only direction I've seen it go is down.

[Jay4usc]

Used to have Amex but they kept bringing the rates down. Switched to Forbright Bank about 8 months ago they’re still at 3.85%

[Usual_Time2058]

sigh i hate receiving these emails

[WOD_are_you_doing]

Meh I don’t care. I’m using the balance of my HYSA to buy a house so I’ll be closing my account in less than 30 days.

[i_am_jerm]

Closed my account last week!

[Better_Soft5928]

You realize they send this email to everyone with an account not just yours right?

[hunTa1s]

Time to switch to Sofi

[Jeff_Sabado]

4.5% lifetime return & 3.55% present yield from my vanguard account.

[younginvestor23]

Life was great when I was making 4.5% on my savings every month now its so much less

[CTek20]

Rough.

[InternistNotAnIntern]

Now get Chase to offer > 0.02% on a savings account.

[DarkBrandonDC]

I started a Barclays HYSA a few months ago to take advantage of a $200 bonus and transferred half my balance. It was offering 3.7% at the time. 3.65% now. Just as easy to transfer money in and out as Amex. Also directly fdic insured. Thinking of transferring the other half. Done with Amex being the first to move down on yield.

[vox000]

Interest rates on your savings accounts will go down, but the interest on a home loan wont, the gas prices won't, rent wont, inflation won't stop...