Скачать или смотреть (REVIEW) American Express Online Savings Account

You can apply for the American Express Savings Account online. The high interest of the amex personal savings account is many times more than an average interest on savings accounts. And there are no fees.

If you have some extra cash in your pocket and want to keep it as an emergency fund - American Express Savings Account may be a good option.
Well, it is not bad.

The interest on American Express Savings accounts fell sharply during last year. From 2% to 0.6% as of today. It is still better than the national average interest of nothing point zero six dollars. And it is way better than interest in savings accounts at Bank Of America, Chase and Wells Fargo.

The interest on Amex savings account accumulated daily but you will receive interest once a month.
It means that if you have $10,000 one half of the month and the other half your balance is 0 - you will receive a fair share of $2.5 instead of $5.

You cannot see the savings account balance in Amex Mobile App. But you can track your balance only through their website.

The Amex savings account will not help you to be approved for an Amex credit card and will not influence your potential credit limit. Unfortunately.

Keep in mind that it is not a checking account.
You can make an unlimited number of deposits, but
you are limited to 9 withdrawals per month. The number was increased from 6 in April of 2020.

The savings account is more flexible than certificates of deposit or CDs, which you cannot tap till the end of the term.

Your balance on Amex Savings Accounts is FDIC insured up to $250k.