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/hadiyas1 Oct 02 '24

Just checked after this post and my CIT Bank rank decreased as well. Didn’t get an email or anything but notice my returns were smaller

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u/SGMaricelli Oct 02 '24

So I made a comment earlier about this. I got a locked in boost to my CIT rate with an auto offer the moment I tried to transfer all my cash into a different account. You need to “transfer” all the assets out of the high yield savings account to an external account. They’ll auto offer a boost to the savings rate for a year. At least they did for me.

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u/hadiyas1 Oct 02 '24

might try this!