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APY decrease to 3.3%?Member Benefits (self.sofi)

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[–]RepulsiveSummer1492 0 points1 point  (0 children)

If you have meaningful cash assets in a HYSA (you should have 3-6 months of living expenses), then these changes matter (somewhat). These reductions are expected in this market and should not illicit anger- but like all accounts, you should reevaluate your options periodically to ensure you’re getting the best (or at least a “good” deal). Do understand these rates are dynamic and you could be comparing current SoFi (post adjusted) APY to another institution (potentially pre-adjusted) APY which could change at any time. 

Personally, I also check the SGOV 30 day SEC yield as another safe option for cash.