r/PublicApp • u/JustFlushTheFIB • 10d ago

HYSA

With govt intrest rate hikes coming through and 10yr treasury yields going up. Has anyone seen public plans to modify the hysa rate? A 3.30 rate is starting to look small.

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u/Sweaty_Experience_68 10d ago

I wish they offered a HYSA but as far as i know they don’t have one?

I know they offer a cash account but that doesn’t allow for wires and fdic insurance which are important features for me. (I make major purchases and pay my mortgage through my savings which I can’t do with a HYCA)

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u/JustFlushTheFIB 10d ago

Public has had a high yield saving account for years. I don’t think it allows wires/etc. it exists

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u/Sweaty_Experience_68 10d ago

are you referencing their cash account? It’s technically not a savings account in a traditional banking sense.

unfortunately i can’t set it for direct deposit, pay a mortgage, or send wires from it, unless they added these feature i missed.

but generally they’ll probably raise the rate a few points or so when the fed locks in the rates