American Express Personal Savings Review – High Yield Bank Account Modest Money7 Comments

Hey everyone, Josh here again and it’s time for the financial product review of the week. This week, I want to talk a bit about savings accounts. After all, we all know the importance of saving! Anyway, I wanted to take a look at an option that was a bit unconventional, American Express personal savings accounts. I say that this is unconventional because American Express isn’t known as a bank to have your savings account with, they’re known as credit card lenders. So, today we’re going to see if they’ve got what it takes to be a true contender in the savings account industry.

American Express Personal Savings Short Review

American Express Personal Savings Pros – My favorite thing about American Express personal savings is that they don’t hit you with crazy monthly account maintenance fees. As a matter of fact, there’s no monthly maintenance fees at all. Also, the savings options that American Express offers are high yielding. So, you won’t have to worry about earning pennies while paying those monthly maintenance fees.

American Express Personal Savings Cons – The only real downside I’ve found about American Express personal savings accounts is that they can be fairly picky about the…

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By : Josh Rodriguez | 6 Dec 2013
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