HYSA Interest payments is like payday : r/amex - Reddit

Take your definition of a good annual return and divide it by the interest rate offered on the account. But in all seriousness, amex offers a decent rate on their HYSA but better rates can …

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How Good Is The Amex HYSA For An E-4? : MilitaryFinance - Reddit

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4% is pretty awesome for a HYSA. Open up an AMEX Platinum, make sure you have a budget and stick to it, and use your AMEX within your budget. Pay it off every month (see above for …

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What's The Catch With HYSA? Any Reason Not To Transfer 90% Of

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If an emergency comes up, I'd pay with my CC and pay off the balance at the end of the month. That would give me time to transfer the money from the HYSA. The money in my checking …

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How To React To Falling HYSA Interest Rates? : Investing

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Oct 2, 2024 · HYSA were at practically zero for a decade after 2008. Statistics would tell you they usually pay +/-0.3% of the inflation rate. This past year was an anomaly because the Fed …

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I’m Not Sure I Understand How HYSA Interest Rates Work

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4.9% is the annual rate, which is how banks advertise and market interest rates across the board (not just HYSA). Each month, you're getting 1/12 of that (0.4083%). So $368/12 = $30.67 If …

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ELI5: What Are High Yield Savings Accounts (HYSA) And What Are

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Like how “underwater ceramics technician” is a dishwasher. Bank of America and Chase start out at only 0.01%. Your local credit union may be from 0.25%-1% (though I’ve seen some at …

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Is It A Good Time To Start Investing Or Keep It In A HYSA?

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May 23, 2024 · I have $50k sitting in my HYSA atm - and considering starting a dividend account with ETF's like SPY and VOO. I earn 4.45% atm but feel the market is overinflated. Obviously, …

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Downsides Of High Yield Savings Account? : R/personalfinance

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Currently, all my savings sit in a credit union where the interest rate is tiny (0.05%), and my understanding is that most well known banks (BoA, Chase, etc.) also have similar rates. I keep …

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Someone Please Help Me Understand HYSA Compound Interest!

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So now the bank, because 0.4% looks better than 0.399...%, says you get 0.4% per year in interest. You get a little less than 1/12th of 0.4% per month, but if you keep that little bit of …

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What’s The Best All Around HYSA? : R/Money - Reddit

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That being said, some reliable options do exist with good interest rates and easy access. For example, Capital One offers 4.25% interest with no minimum amount to open and zero fees. …

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HYSA Recommendations? : R/MoneyDiariesACTIVE - Reddit

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As a bit of unsolicited advice, we recently moved everything but our emergency fund out of our HYSA and into investments. When we put money there, the interest rate was over 2%, but …

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FAQs about HYSA Interest payments is like payday : r/amex - Reddit Coupon?

Why do hysas have higher interest rates?

A lot of popular HYSAs don’t have physical locations, that's why they have higher interest rates by saving on costs. That being said, some reliable options do exist with good interest rates and easy access. For example, Capital One offers 4.25% interest with no minimum amount to open and zero fees. ...

Are money market rates on par with Hysa rates?

Money market rates are on par with HYSA rates, if not slightly higher. Regardless of which option you choose, it’s important to understand that as the Federal Reserve continues to cut its target rate, interest rates across the board will continue to fall as well. ...

Are there any complaints about Hysa?

No complaints. But the service becomes infinitely better once you have AMEX credit cards. You can then link your HYSA to your Amex cards which you can check via the AMEX app. Whether to check your balance, transfer money which you can now do, and even use the account IF NECESSARY to pay down your balance! ...

What does a high Hysa rate mean?

High rates are a sign that the economy is extremely strong. This is the worst time to have an HYSA. If rates start to come down, it means the economy is cooling. That would be the worst time to get out of HYSA. ...

Is Hysa a bad place to Park long term money?

As soon as you determine that you don't need that cash in the short term. HYSA is a terrible place to park long term money because it's always terrible interest, usually worse than inflation. How low can a HYSA interest rate even go? ...

Should I use an Amex Hysa?

If you want the highest rates or the most banking features, Amex is not it. The only reason I use an Amex HYSA is because I wanted a separate bank for some emergency funds that wasn’t my primary bank, and I didn’t want to start another relationship with another financial institution, providing all my personal info. ...