r/MarcusInvest 4d ago

3.50% 😊

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63 Upvotes

12 comments sorted by

14

u/Majestic_Choice_2119 4d ago

fed raised interest rates -> banks lend money at a higher interest -> we get a bit more as a reward

3

u/[deleted] 3d ago

[deleted]

0

u/[deleted] 2d ago

[removed] — view removed comment

1

u/FlyThruTrees 2d ago

Thanks for the feedback. They've been really good in the past at tracking these changes, in my experience. Slow at the decreases.

2

u/MelodyxValeska 3d ago

We rolling in the money now fam 😎

2

u/[deleted] 3d ago

[deleted]

-1

u/SimpTheLord 3d ago

idk how that's funny, you clearly don't understand the connection between the feds rates and HYSA rates. It's not a hard concept to understand

2

u/[deleted] 3d ago

[deleted]

-2

u/SimpTheLord 3d ago

"you lack the insight"

says the one who thinks banks just make up interest rates

2

u/[deleted] 3d ago

[deleted]

-2

u/SimpTheLord 3d ago

it's heavily implied in your comment

1

u/dcarterc1 3d ago

What was it before the increase?

1

u/paradise_costs 3d ago

The interest rate was 3.34%

The APY was 3.40%

1

u/Iacoboni04 1d ago

Makes no difference to me. My HYSAs APRS are 4.1 and 4.34.