Savings
How the signal works ↗Updated 9 NovCompare with CIT Platinum Savings
Reddit · r/personalfinance · Aug 16, 2026
NegativeSummary of a Reddit post
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.
Reddit · r/Banking · Aug 7, 2026
NegativeSummary of a Reddit post
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.
Reddit · r/personalfinance · May 19, 2026
NegativeSummary of a Reddit post
Remembers Amex savings having the highest rate years ago but now finds the APY low and among the worst.
Reddit · r/fidelityinvestments · Mar 12, 2025
NegativeSummary of a Reddit post
Had an EFT from a newly opened Amex savings account rejected and the account restricted pending verification, causing trouble re-linking it to Fidelity.
Reddit · r/personalfinance · Aug 18, 2026
NegativeSummary of a Reddit post
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.
Of the 35 reviews with a clear verdict, 57% are positive, 29% mixed and 14% negative. The praise mentioned most is good rate.
The praise reviewers mention most: good rate (1 review). For example: 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.
It's how well reviewed American Express High Yield Savings is, out of 100. Negative and mixed reviews take points off, and so does having only a few reviews: a product needs plenty of them, compared with the most-reviewed products here, to reach the high 80s and 90s. It's worked out from reviews only, needs at least 5 of them, and updates as new ones come in.
Category: Savings. Type: Online high-yield savings account. Fees: No monthly fees. Rates & rewards: 3.20% APY (as of Nov 6, 2026; variable). Minimum: No minimum balance.
35 are quotes from Reddit, each linked to the original. Customer reviews are checked for spam before they appear. Every review, written here or quoted, is read as positive, mixed or negative.