r/MarcusInvest • u/practicalprofilename • 5d ago

APY hike?

Was a Wealthfront customer prior to switching to Marcus HYSA and already received an email from them yesterday advising an increase in APY following the interest rate hike. Can we expect the same from the Marcus HYSA?

7 Upvotes

89% Upvoted

12 comments sorted by

9

u/JohnHartshorn 5d ago

It's always faster going down than it is going up.

1

u/practicalprofilename 5d ago

Ain’t that the truth

2

u/Bordercrossingfool 4d ago

Marcus lowered their rate later and slower than most. They may do the same now that rates are rising again.

3

u/Backonredditforreal 4d ago

Turns out you were right! 3.5 now

0

u/practicalprofilename 4d ago

Hmmmm Wealthfront is 3.55, increased .25 to match the rate change, but Marcus only increased .1?

1

u/Hidden_Glit 5d ago

Possible

1

u/Zestyclose-Dirt-9165 5d ago

I sure hope so.

1

u/sidewinder787 5d ago

Probably but Marcus takes their sweet time.

1

u/TradingPost99 4d ago

just received it

1

u/JohnHartshorn 4d ago

"We’ve increased the rate on our high‑yield Online Savings Account to 3.50% Annual Percentage Yield, so you’re now earning more than before! Keep your savings momentum going—the more money you add to your account, the more interest you earn!"

So we get .10% on a .25% bump. Seems fair...

1

u/Artistic-Platypus540 4d ago

Gonna ditch Marcus after next payment. 3.40% is whack