I've had a good portion of my savings in an online robo investor cash account that up until the most recent Fed rate reduction was maintaining an APY that was at or above what most conventional banks were offering. With the Fed Rate cut they have cut their rate to nearly nothing. I am thinking about moving my savings to Marcus by Goldman Sachs but was curious if these sorts of high yield savings accounts from established banks suffer from the same APY swings tied to online robo investor type banks or am I just chasing a rate that will very shortly also decrease by a substantial amount.
Submitted March 18, 2020 at 10:23PM by Phillipe623 https://ift.tt/2Quop1L
