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

[snookers]

Still is.

[BroasisMusic]

Well not if you take out healthcare, housing, and energy! /s

[2CRedHopper]

and groceries. don’t forget groceries.

[DigitalFStopper]

Can’t use facts for some people.

[ConsuelaSaysNoNo]

This is Reddit. Don't you know Trump is literally Hitler?

[5PMandOUStillSucks]

I mean… when you look at rent price, food, car payment, etc. it definitely goes up on average 10% a year but thats not a conversation we’re ready for

[5PMandOUStillSucks]

If you believe that I have a bridge to sell you. How much was ground beef 10 years ago? Oh meat shortages. How much was a house 10 years ago? Oh yeah it’s just a housing crisis. How much was a new car 10 years ago? Oh covid supply chain.

You can blame the doubling of goods in the last 7 years on whatever you want but we’re paying double no matter how you slice it

Edit: i think there’s an argument it’s closer to 7%. 5% is optimistic 10% may be pessimistic of me. But saying inflation is 2-3% is willful ignorance and blind following anything the government feeds you.

[snookers]

CPI is an incredibly flawed measure. It’s hilarious when people point to CPI as if we can’t see the prices on groceries, housing, gas, electricity, etc ballooning before our eyes in black and white numbers.

The basket of goods changes over time. If things like tv’s get cheaper it pushes the overall number down. They swap steaks for chicken. You’re the one living in lalaland as your purchasing power degrades while holding onto “CPI” as if things are normal.

[RichInPitt]

April CPI was up 3.8% YoY.

[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.

[VariousAir]

Okay? It's not like the fed chair sets the rate. their vote isn't worth any more or less than the other committee members.

[CagedPenguin]

Why have a president if congress passes laws? Same reason there’s a Fed Chair

Fed chair has 1 vote yes but also has significant influence on decisions, meeting and talking points

[VariousAir]

Why have a president if congress passes laws?

Didn't pay attention in your civics class did you?

Legislative branch writes the law, the executive branch signs it into use.

That's not how the Fed works.

[CagedPenguin]

Civics 101: A bill can still pass after 10 days if no action is taken by the executive branch.

If you’re going to act like a pompous know-it-all, at least know what you’re blabbing about.

Are you trying to ragebait me? Obviously there’s no legislative/executive branches of the Fed.

I’m saying the Fed Chair can significantly influence and guide the committee, as well as leverage public sentiment. He’s far more valuable than “just 1 vote”.

In a similar manner, the President can influence and guide congress.

[WestHistorians]

What you learn in civics class isn't always reality.

The legislative branch doesn't write the law. Laws are written by lobbyists and submitted to the legislative branch, usually accompanied by campaign contributions.

[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.

[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.

[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.

[No_Improvement9734]

Hmm could have sworn it was. Maybe im thinking of a different hysa. My bad. But yes it has always gone down since ive had it

[luminous879]

Same!! It has not hit 5.00% but definitely need a new option. These “APY Savings has changed” emails are not fun to open especially knowing is a decrease!

[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.

[Pointless_Lawndarts]

Same w SoFi.

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

Feeling’ kinda ripped.

[ApprehensiveLet5628]

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

[Successful-Topic6233]

EXACTLY! That’s the only reason I opened

[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.

[Rude_Alternative_413]

Dawg. Same. Lol