AMEX high yields savings account APR dropped to 1.9%
Hey all, Just got a message from AMEX saying they are reducing the APR to 1.9% (was 2.1%). What’s going on? Time to move my money or is this the same everywhere now?
Wealthfront offers 2.32%
go with wealthfront
Move it to a vanguard bond fund. Get 4-6% every year and the worst year they’ve ever had was like -4.5% or something like that
Marcus
They fed lowered rates and are likely to again by as much as 50 basis. What do you mean what's going on?
What’s going on meaning, are other banks lowering their savings APR, and if so why.
Yes, again the fed (fomc) lowered interest rates. You are asking why the fed is lowering rates? In short to pump the economy.
"what's going on?" LOL. you should keep your money in a mason jar.
Citi 2.36%
Well if Trump gets all the rate cuts he been wanting the Federal Bank to do we will only be only be getting 0.50% interest.
Move your money to $CXW
Fed is dropping rates. This is expected.
Lol