đź’°HYSA Interest Rates: How to Keep Earning More
Apr 20, 2025
Ever checked your high-yield savings account (HYSA) and noticed your interest rate changed out of nowhere?
You’re not imagining things. HYSAs are directly impacted by interest rates set by the Federal Reserve (aka “The Fed”). When rates go up, your savings can grow faster. When they drop… well, things slow down.
Here’s the good news: You can stay ahead of these changes.
- Rising rates? Shop around—some banks adjust APYs faster than others. Move your money if your current HYSA isn’t keeping up.
- Falling rates? Don’t panic. Look for HYSAs that stay competitive even when the Fed eases off. Short-term CDs and T-bills can also be smart alternatives.
- Always compare. Use sites like FinanceWyze and check your bank’s rate at least once a quarter.
And whatever you do—avoid these mistakes:
- Leaving money in a low-rate account
- Falling for short-term intro rates
- Ignoring hidden fees
- Assuming all HYSAs are created equal
Your savings deserve better. A few small moves can mean way more money in your pocket—all while keeping your cash safe and accessible.
Start earning more—no risk, just smarter saving.
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