Comments on: American Express® High Yield Savings Account Review: 4.00% Annual Percentage Yield (Nationwide)

By: William H Martin

William H Martin — Fri, 07 Jan 2022 17:11:32 +0000

In reply to Karen George. has this been changed since the 2019 post?

By: Brent

Brent — Mon, 30 Aug 2021 22:05:01 +0000

In reply to Roma. I called about the wire transfers and they told me that it has to be an account in your name, but it will not work with crypto accounts like BlockFi. If anyone has specific questions about the wire transfers, I'd suggest calling them to get the details you need for your specific situation.

By: Greg Jay

Greg Jay — Wed, 27 Nov 2019 20:39:29 +0000

Their express ACH transfer is only for $25K or less per day. Larger ACH transfers take at least 3-4 business days.

When using as a hub bank for transferring between other high yield online accounts, they require written proof of ownership of external accounts. This is sometimes unavailable from some online banks. When Amex doesn’t get this they return the funds to the originating bank in a process that can take up to 8 business days in total.

Your express ACH table should be appropriately amended. Thanks

By: Karen George

Karen George — Wed, 21 Aug 2019 06:10:55 +0000

Thank you for sharing this informative post with us. Looking forward to more posts from you.

By: Roma

Roma — Fri, 15 Feb 2019 17:49:48 +0000

Where do I find “free wire transfers” information? I checked their website, faq, searched w/google – no mentions of free wires besides your blog. Do you know whether both types of wire transfers (incoming and outgoing) are free? Thank you.