Comments on: American Express Online Savings Account 1.30% APY

By: Paul

Paul — Thu, 10 Dec 2009 16:02:06 +0000

No, American Express Personal Savings does not charge for electronic transfers. I have several online savings accounts and I’ve never had one that charged for electronic transfers between banks. However, some banks are much slower than others in executing transfers so sometimes you might lose one or two days interest during the transfer. HSBC was notoriously slow so I finally ditched them. I’d say American Express Savings is about average for speed of transfers (i.e. not too slow, not too fast).

BTW, the rate for American Express Personal Savings recently went down to 1.7%. It’s still ranks as one of the top rates.

By: Nitin

Nitin — Thu, 10 Dec 2009 15:48:05 +0000

Does your bank (not America Express) charge you a transfer fee when you electronically deposit to or withdraw from the American Express Savigs Account?

By: Paul

Paul — Mon, 26 Oct 2009 16:00:55 +0000

I think there’s something to be said for having an account with a well known and reliable brand name such as American Express. BTW, American Express Personal Savings is now at 1.85% which is much better than Ally’s current 1.64% (or any other bank right now). Setting up the account was also very easy yet it still has great security built in.

I’m also a bit annoyed that Bankrate has yet to include the new American Express PS account in it’s rankings. It’s been around for 4 months now and it’s not like they are a no-name company. Get it together BankRate.com!

By: SunFinancial (Suns Financial Diary)

SunFinancial (Suns Financial Diary) — Wed, 17 Jun 2009 03:49:31 +0000

American Express Online Savings Account 2% APY: Here’s another high-yield savings account offer, even thou.. http://tinyurl.com/mpdqg4