Wealthfronts APY has decreased from 4% to 3.75% which made me wonder if i should transfer my savings/spending account. I have most of my investments (401k, ROTH, HSA) already in fidelity and was wondering if it’d make most sense and just move the money into a CMA account? Also , if it’s able to generate a higher yield with the CMA than the HYSA due to APY being lowered. Which seems to be the best option?
However, would the CMA create any inconveniences to myself with additional tax burdens or higher tax costs for myself? Location is CT/IN in case anyone can give guidance on possible tax laws regarding the situation.