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American Express Bank HYS Interest Rate Change

Thursday, March 3, 2011 - 2:17 PMAmerican Express Bank, FSB. - Details
American Express Bank HYS APY rate dropped from 1.30 to 1.15 as of 3-March-2011.
12
depdep4 posts since
Mar 3, 2011
Rep Points: 24
1. Thursday, March 3, 2011 - 7:08 PM
Thanks for the update. Sorry to see the rate cut. That 1.30% had held for about a year. Hopefully, that means they won't be cutting the rate again any time soon.

Rate History:
  • 03/03/11: 1.15% APY
  • 03/04/10: 1.30% APY
  • 12/17/09: 1.50% APY
  • 10/27/09: 1.70% APY
  • 08/13/09: 1.85% APY
  • 08/07/09: 1.75% APY
  • 07/23/09: 1.85% APY
  • 06/15/09: 2.00% APY
6
Ken TuminKen Tumin5,441 posts since
Nov 29, 2009
Rep Points: 123,675
2. Wednesday, March 9, 2011 - 9:57 PM
I just noticed an ad with the new rate.  It was cut almost a week ago?  Why wasn't this posted on the blog?

Seems awfully hard to believe that 1.30% was unsustainable.  Are the online banks all going through another cycle of rate cuts?  I got into Amex Bank at 1.85% and now it's down to 1.15%.  Hardly worth the bother now... I guess I'll continue transferring my savings into Ally 5-year CD's (which are just barely worth the bother).
1
melmanmelman10 posts since
Feb 28, 2011
Rep Points: 102
3. Saturday, March 19, 2011 - 7:52 PM
I've been thinking of switching from Dollar Savings Direct to Amex but now that the difference is only 0.15%, it's not worth the effort involved.
3
76776719 posts since
Sep 20, 2010
Rep Points: 123
4. Friday, February 15, 2013 - 10:38 AM
Rate cut today!   Was: 0.90% Now: 0.85% APY
3
buckeye61buckeye6120 posts since
Jun 10, 2011
Rep Points: 121
5. Friday, February 15, 2013 - 10:48 AM
I spent some time yesterday to decide where to put a deposit.  I chose  Amex.  Happens a lot.
6
MaeclMaecl83 posts since
Jul 6, 2010
Rep Points: 654
6. Saturday, February 16, 2013 - 12:11 AM
Very frustrating trying to make a few extra pennies. I switched over from Dollar Savings Direct after they dropped to 0.55%.
5
76776719 posts since
Sep 20, 2010
Rep Points: 123
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