2013 AmEx Online Savings Account Reviews

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lav141
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2013 AmEx Online Savings Account Reviews

Postby lav141 » Mon Apr 01, 2013 6:41 pm

I know this is the wrong website for a savings acct, but does anybody have an online American Express savings account? And if so what do you like/dislike?



websteth
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Postby websteth » Mon Apr 01, 2013 6:44 pm

They do. visit http://personalsavings.americanexpress.com I have one and I like it. Transfers out take 24 hours which is great. Used to get 1.9% interest on it but it's down to around 1% now. Still better than my current bank offers.
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lav141
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Postby lav141 » Mon Apr 01, 2013 6:46 pm

How long does it take to deposit ?? From your checking account to the savings acct electronically.

websteth
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Postby websteth » Mon Apr 01, 2013 6:47 pm

lav141 wrote:How long does it take to deposit ?? From your checking account to the savings acct electronically.


Typically 2-3 days depending on how you initiate the transfer.
American Express: Platinum, Zync, Platinum Delta SkyMiles, Blue, Starwood Preferred Guest
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Chase: Sapphire Preferred Visa Signature, Freedom Visa
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lav141
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Postby lav141 » Mon Apr 01, 2013 6:48 pm

websteth wrote:Typically 2-3 days depending on how you initiate the transfer.

Thanks for your help

websteth
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Postby websteth » Mon Apr 01, 2013 6:49 pm

No problem. Personally it's a pretty good savings account. I've heard Discover is decent too.
American Express: Platinum, Zync, Platinum Delta SkyMiles, Blue, Starwood Preferred Guest
Barclaycard US: iTunes Reward Visa, US Airways Premier World MasterCard
Chase: Sapphire Preferred Visa Signature, Freedom Visa
Citi Bank: Hilton HHonors Visa Signature, AAdvantage Platinum Select World Elite MasterCard
Bank of America Virgin Atlantic World Elite MasterCard
Discover: Discover it
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websteth
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Postby websteth » Mon Apr 01, 2013 6:50 pm

I should add as well that you are limited to 6 withdrawals a month with out a service charge.
American Express: Platinum, Zync, Platinum Delta SkyMiles, Blue, Starwood Preferred Guest
Barclaycard US: iTunes Reward Visa, US Airways Premier World MasterCard
Chase: Sapphire Preferred Visa Signature, Freedom Visa
Citi Bank: Hilton HHonors Visa Signature, AAdvantage Platinum Select World Elite MasterCard
Bank of America Virgin Atlantic World Elite MasterCard
Discover: Discover it
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lav141
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Postby lav141 » Mon Apr 01, 2013 6:51 pm

websteth wrote:I should add as well that you are limited to 6 withdrawals a month with out a service charge.


And I guess unlimited deposits? Never had a savings account

websteth
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Postby websteth » Mon Apr 01, 2013 6:53 pm

Yep. No limit on number of deposits. Just the FDIC Limit on insured which is like $250,000. If you have that much, you should be in a different type of account.
American Express: Platinum, Zync, Platinum Delta SkyMiles, Blue, Starwood Preferred Guest
Barclaycard US: iTunes Reward Visa, US Airways Premier World MasterCard
Chase: Sapphire Preferred Visa Signature, Freedom Visa
Citi Bank: Hilton HHonors Visa Signature, AAdvantage Platinum Select World Elite MasterCard
Bank of America Virgin Atlantic World Elite MasterCard
Discover: Discover it
Other:Macy's Star Rewards, Target REDCard

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Terry
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Postby Terry » Mon Apr 01, 2013 7:34 pm

lav141 wrote:I know this is the wrong website for a savings acct, but does anybody have an Amex savings account? And if so what do you like/dislike?


I have had the American Express Personal Savings Account for approximately six months and I am pleased with both the customer service and the overall online experience. For anyone who would like an FDIC insured account with higher than average yields, American Express in my opinion is an excellent choice.

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