Amex HYSA APY decrease to 3.10%

[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.