APY lowering more and more
I started my Wealthfront HYSA with a decent amount, and have contributed $200/month since opening about \~2 years ago. I want to say I was at about 4.25% APY and have significantly reduced to 3.55% over time.
At the time, Wealthfront had the best APY return rate, so it seemed like a no brainer. Looking at my total interest earned, it’s about $1,500 which I don’t feel that ecstatic about?
I know that it’s a “safer” method to keep in a HYSA, but almost feel like I’m doing myself an injustice by not putting this into an individual brokerage account.
I have a separate savings in another Bank account, so this Wealthfront account is pretty much a “sit and wait” type of fund for me.
Curious if others have noticed the consistently lowering APY, and whether or not it’s worth it to just let it grow over time.
EDIT: I do have an individual brokerage that I contribute to monthly, I was mainly considering lowering my Wealthfront contributions and increasing the brokerage one.
I also did not consider the macro-economics which clearly plays into the different rates I’ve been seeing. Good to know that everyone’s experience has maintained Wealthfront amongst the highest.