Marcus by GS reduces rate to 1.55% 🤬. Any better safe alternatives to hold cash?

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All HYSAs have or will lower rates to reflect the fed rate drop. They all fluctuate month by month. So you could move your money to AmEx savings, for example, and get 1.6%, but next month AmEx could drop to 1.5% and Marcus could stay at 1.55%.

Point is, they’re all pretty much the same.

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FDIC insured guarantees safety

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I wouldn’t stress from a 0.05% drop...

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Used to be 2.2 I think when I was in there a year or so ago

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They're all pretty much the safe +/- a few %

Take a look at 10 year treasuries .. you’re not going to find significant yield in cash anymore - 155 basis points is really good

Your HYSA shouldn’t be intended for anything even remotely resembling income. It’s just a nice thing to be able to get a little bit of gain from your emergency or long-term savings funds. Whether that rate is 2.2% or 1.55% shouldn’t matter much for your cash flow.

Agreed. You shouldn’t have more than $50k in purely liquid cash anyways

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