American Express High Yield Savings Reviews

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Chose the Amex savings account for its rate at the time but sees it lowered about twice a year and is considering moving the funds.

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Recommends the Amex savings account after its combined login with credit cards was initially wonky, citing no minimum balance and no problems with transfers or fees.

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Values the Amex savings account for moving money quickly, using it to get funds to a new bank account that would not accept transfers from other banks, despite a not-the-best rate.

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Opened the Amex savings account through a personal bonus offer, reports problems getting the promised bonus and poor service from two representatives, and moved the money to another bank.

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Says a large transfer out of the Amex savings account to a brokerage was rejected and the funds were stuck for days, with support unable to say when a check would be sent.

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They keep their savings in the Amex high yield savings account, which has worked well and paid a good return for months. They plan to stay unless the APY drops considerably.

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Remembers Amex savings having the highest rate years ago but now finds the APY low and among the worst.

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Chose the Amex savings account since they already use Amex, finding it fine except for inconsistent timing on when deposited or withdrawn money becomes available.

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Has had the Amex savings account since it first opened, before there was an app, and likes having credit card, savings and checking together in one app.

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Finds it very easy to transfer money in and out but notes Amex has been steadily lowering the rate.

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Used the Amex savings account and found it fine but moved to Fidelity for personal reasons.

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Uses Amex for both checking and savings, citing fast transfers and good interest rates plus a small rate on checking.

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Says the Amex savings rate may not be the highest, but transfers are free and easy and the site and app are intuitive.

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Keeps an Amex savings account as a separate emergency fund, accepts that a money market could yield more, and finds transfers to and from Schwab easy within a day or two.

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Closed their Amex savings account for a Fidelity money market fund with a higher yield.

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Has an Amex savings account that started at a higher rate and fell steadily, moving part of it to Treasury bills, but never had trouble withdrawing or making free ACH transfers.

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Had separate logins for the Amex savings account and a new Gold card and was told they could not be merged, until a second call linked them under one login.

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Had an EFT from a newly opened Amex savings account rejected and the account restricted pending verification, causing trouble re-linking it to Fidelity.

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Is a big fan of the Amex savings account, finding it easy to open and to move money in and out over a couple of years.

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Closed their Amex savings account to move to a Fidelity CMA for a higher rate.

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Wired a large sum from their Amex savings account to Fidelity and found the funds available the same day with no fees on either end.

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Left the Amex savings account for a higher-rate online bank, advising to shop around and check FDIC insurance.

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Reports Amex lowering the savings rate nearly every month since opening, saying a money market fund would have paid more apart from the sign-up bonus.

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Says American Express has always been great to them, including the high yield savings account.

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Keeps a small balance in the Amex savings account because it can send ACH transfers the same day when money is needed quickly.

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Likes Amex checking and savings, noting app-based mobile deposits and instant transfers between the two accounts, with external transfers taking about two business days.

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Has used Amex for savings and CDs for a while and says it has always been good.

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After Ally rejected their savings application, opened an Amex savings account with zero problems.

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Uses the Amex savings account and likes paying the credit card directly from it while earning a little interest as money sits there.

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Likes managing the Amex savings account and credit card in one app and finds the rates good enough.

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Says Amex savings has been good, with an easy interface, good service and rates that follow the market, including upward.

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Loves the transfer speed and ease of use of the Amex savings account.

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Finds the Amex savings account convenient, including paying off a credit card balance instantly from it.

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Chose the Amex savings account after research and likes easy, fast unlimited transfers to their credit union.

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Moves money easily between Chase and the Amex savings account and highly recommends it.