Quote:
Originally Posted by tophcfa
American Express High Yield savings account. It’s an on-line bank (doesn’t have to cover the expenses of a brick and mortar bank) that credits a higher rate than a typical bank account. It is currently crediting a 1.7% rate and is FDIC insured for up to $250,000. It only allows 6 withdrawals per year, but no limit on how much each withdrawal can be.
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You probably meant to say "per month", but here it is from AmEx site: Personal Savings customers may make a maximum of six (6) Reg. D-covered transfers or withdrawals per statement cycle*. There is no limit on the number of deposits that can be made. *A statement cycle is the calendar period during which one banking statement is generated. A statement cycle usually begins on the day of the month the account is opened.
