American Express Bank Rates & Review

10 Comments... read them below or add one

1. April 18, 2011 at 7:59 am Gerry DePoalo says:

   Like all the other financial institutions they drop the rate after a few months......shame....I expected more from American Express.

2. April 19, 2011 at 7:30 am Ken Lieb says:

   Looking for a good CD for investment.  Do you have a full chart showing your rates for CD's?

3. May 19, 2011 at 12:41 pm H.R. Bailey says:

   Both your savings and MM account are currently at 1.15%.
   
   What criteria should I use to decide which to place my funds in?

4. May 26, 2011 at 5:04 pm Maria says:

   Hi Bill and Ken,
   
   American Express personal CD rates can be found here:
   http://personalsavings.americanexpress.com/cd-product.html?inav=ps_CDs.

5. May 26, 2011 at 6:25 pm Maria says:

   Hi Gerry,
   Yes it's unfortunate that American Express lowered their rate, but they still offer high rates. American Express ranked #1 in America's Best Deposit Rates http://www.money-rates.com/news/americas-best-deposit-rates-Q1-2011.htm. It's a tight interest rate environment out there. Hopefully with better days to come.
   Thanks for your comment.

6. June 7, 2011 at 2:46 pm Mar says:

   Yes, after the first year they drop the rates-so it is time to take the business elsewhere.

7. June 17, 2011 at 5:07 pm Maria says:

   Hi HR,
   A traditional savings account typically has no withdrawal restrictions and no minimum balance requirement. Money market accounts generally pay higher interest but may carry certain restrictions such as a minimum balance requirement or a limited number of transactions allowed per month.
   The American Express High-Yield Savings Account combines the flexibility of a low minimum balance with a competitive interest rate at the cost of limited withdrawals. For more details http://personalsavings.americanexpress.com/?inav=footer_personal_savings.
   And American Express does not offer a MMA, that is our error. Thanks for bringing that to our attention.

8. June 19, 2011 at 10:35 pm Jay says:

   They just lowered their rate to a measly 1%.  Are they going to still call it "High Yield" when they lower to zero?

9. August 2, 2011 at 1:24 pm Dennis says:

   My old federal credit union merged with another institution.  The institution could not offer electronic bill pay to other a few select entities, so I went looking for an online bank.  My interest was piqued because American Express has always provided excellent customer service.  At first I thought they wouldn't work out because they do not offer online bill pay.  But the ability to link to 3 other bank accounts and make electronic transfers to and from those accounts sealed the deal.  Now I can quickly transfer funds to my account that does offer electronic bill pay.  (No checks in the mail.)

10. November 29, 2011 at 10:20 am suzy000 says:

    American Express and Chase Manhattan are the two most customer oriented banks on this planet.  Their entire staff across the globe has had the utmost extensive professional training equal to none.  Thank you American Express....you make the financial field a joy to interact with.