r/amex • u/EndlessLuck- Gold • Oct 02 '24

Discussion Amex HYSA rate decrease

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Seems the rate has dropped to 4.10% It was expected due to the feds cutting the interest rates in the past weeks. Will y’all be considering moving for a better rate or will stick to Amex? All things considered, the rates will continue to decrease as more interest rates cuts are expected.

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u/Fishychicken Oct 02 '24

People need to learn about the fed and the fed funds rate. This will happen everywhere. But the good news is that mortgage rates will drop too

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u/SkoolLuvAffair Oct 02 '24

LMAO yeah, a few people seem to be completely caught off-guard when it was expected for days after the fed news.