The BEST Savings Account NOBODY Talks About (AMEX High Yield)

Рет қаралды 30,174

6 ай бұрын

In this video, I review the Amex high yield savings account, which is one of the best high yield savings account of 2023. The American Express High Yield Savings Account pays one of the highest interest rates on their no annual fee savings account, making them one of the best banks and best savings accounts where you can put your money in 2023 to earn a high APY or interest rate.
American Express offers some of the best credit cards like the amex gold, amex platinum among many other credit cards and to top it off they're offering this high yield savings account with a great apy. So let's go over the American Express high yield savings account pros and cons and high yield savings account alternatives to help you determine if this is the best bank account or best high yield savings account for you.
Alternatives to the Amex high yield savings account include Capital One with the Capital One 360 performance savings account, SoFi with the SoFi checking and savings account, Discover high yield savings account, and Wealthfront Cash Account.
This video is for those looking for:
- Best high yield savings account
- High yield savings accounts
- Best high yield savings account 2023
- Best savings account 2023
- Best bank account
- Best bank accounts 2023
- Best bank to open an account
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📺 WATCH MY OTHER VIDEOS:
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The BEST High Yield Savings Accounts Of 2023 (ACT FAST): • The BEST High Yield Sa...
Ranking My 3 Bank Accounts Worst To Best (High Yield): • Ranking My 3 Bank Acco...
SoFi Bank Review: The BEST Checking and High Yield Savings Account Of 2023: • SoFi Bank Review: The ...
Capital One 360 Review | Best Bank Accounts Of 2023: • Capital One 360 Review...
SoFi Credit Card HONEST Review AFTER 1 Year | High Credit Limit Credit Card: • SoFi Credit Card HONES...
DISCLAIMER: I am not a lawyer,CPA, lender, realtor or a financial advisor. The content in my videos should not be taken as legal, tax, financial advice, etc, and may or may not be outdated or inaccurate as the time this video was posted. It is your responsibility to verify all information from the video on your own. This is a KZfaq video for Entertainment purposes ONLY. If any company is mentioned is because Dayanaplays has an interest in them. Links included in this description might be affiliate links. If you purchase a product or service with the links that I provide I may receive a commission or referral bonus. PLEASE DO NOT make buying or selling decisions based on Dayanaplays videos. If you need advice, please contact a qualified professional as I am not one.

Пікірлер: 164

@DayanaPlays 6 ай бұрын

⏰LIMITED-TIME OFFERS: 💰- SoFi Checking & Savings Account (Get up to $325): bit.ly/SoFiChecking 💳- SoFi Credit Card (Get $50): bit.ly/soficreditcard 💳- Amazon Prime Visa Card (Get Amazon gift card): amzn.to/47YjnQE 🛍- Rakuten (Get $30): www.rakuten.com/r/DAYANA3694?...

@austincoker9784 Ай бұрын

Amex customer service is literally second to none. It was a huge factor in getting me to use their travel cards.

@sh0t0kan 4 ай бұрын

Just moved 50k out of BofA to my Amex HYSA. I can't believe I had my money doing nothing there for years.

@DayanaPlays 4 ай бұрын

Love hearing you made the switch. It's time to grow that money! 🚀💜

@MuscleMan500 Ай бұрын

BofA Deez Nutz

@MidlifeMoneyMoves 6 ай бұрын

This is where I keep my emergency fund. Love it!

@DayanaPlays 6 ай бұрын

Nice choice! 💚

@alfredoocando1905 3 ай бұрын

You dont worry if this account no offer a atm card?

@cjack202003 2 ай бұрын

@@alfredoocando1905 Do you not understand the point of a HYSA? Keep your money in a checking account then if you need to access it all the time. Or get a checking account with the HYSA account so you can transfer money from the HYSA account to the checking account and pull the cash from the checking account. Amex has a checking account and HYSA account. The transfer between the two is instant.

@alejandr731 6 ай бұрын

Love amex everything is excellent and customer service is incredible!!

@nafeesawilliams887 6 ай бұрын

AMEX keep the content coming. Always so detailed

@chrisSea1346 5 ай бұрын

Thanks for this video! This was actually more helpful than the info I found on the actual Amex site.

@DayanaPlays 5 ай бұрын

Wow thank you! 💖 Amex should start paying me for these videos hehe!

@nexgenvenom 2 күн бұрын

This the best video I watched all year great Quality and Straightforward information 👏🏾👏🏾👏🏾

@Tulare73 6 ай бұрын

Dayana, I hope you had a good Thanksgiving. Thank you for the videos. Amex!

@DayanaPlays 6 ай бұрын

Hey, I hope you had an amazing Thanksgiving my friend! 💚

@AngieMBlanco 6 ай бұрын

AMEX!!! Loved this review. So thorough and detailed. You’re the best! 🥰🎉🤑

@DayanaPlays 6 ай бұрын

Awww thanks! 💚

@ldstiesto Ай бұрын

Great job explaining it, thanks

@DayanaPlays Ай бұрын

Glad it was helpful! 💜

@gratitudyagradecimiento671 6 ай бұрын

Great information thank you

@DayanaPlays 6 ай бұрын

Thank you! 💚

@jeysonblanco8624 6 ай бұрын

GREAT VIDEO AS ALWAYS!

@DayanaPlays 6 ай бұрын

Thank you my friend! 💚

@ItsJustMeStevie 5 ай бұрын

I just opened my account at 4.35%. I opened it to get a stronger relationship before I open credit cards. I won’t ever be touching this money so don’t care about withdrawing as you stated. I currently have WF and will be also opening a credits union to also build relationship for future auto and home loan.

@JAV_iii 5 ай бұрын

Yup same exactly why I went with them !

@micahgreene4573 2 ай бұрын

I just did the same. I have been with WF for almost 20 years. I now have 4 Amex cards, and I want a better relationship with them. Opened the High Yield a month ago, and just opened the checking account a few minutes ago. The checking is going to be a bit trickier, because I have 3 direct deposits with Wells and don't see myself changing that. However, since I'm already am with Amex, it's so easy to slide money over from WF to Amex.

@SledgeIncTeam 6 ай бұрын

I've had it since 2021. Good HYSA

@DayanaPlays 6 ай бұрын

Haha I would hope so if you’ve had it for that long. Nice to see you around my friend 💚

@nana-ce2nz 6 ай бұрын

AMEX!!!! thanks for this review

@DayanaPlays 6 ай бұрын

My pleasure!! 💚

@daniellovecchio6235 3 ай бұрын

Well done. 👍

@DayanaPlays 3 ай бұрын

Thank you! 💜

@Chevy2Tyme 6 ай бұрын

AMEX Great content as always

@jbsilva137 6 ай бұрын

Hi Dayana! I was wondering if you would do a review on Fidelity Bloom and some of their Robo-Investing?

@DayanaPlays 6 ай бұрын

Hi, i’ll definitely look into it 💚

@Jesus_P 6 ай бұрын

AMEX! Interesting video, I had no idea they had a high yeild savings. There's roumors of amex taking over the Apple card from Goldman Sachs, I'm curious as to what you think about it?

@ozarkcreativestructuresllc 6 ай бұрын

It’s my go to savings.

@DayanaPlays 6 ай бұрын

Nice! 💚 How long have you had it for?

@Jay-us8ko 5 ай бұрын

Can you do a video on the fair wind credit union

@luischerena7804 3 ай бұрын

They give 4.6apy if you have a platinum card with them not sure if it’s only for platinum cards

@luismedrano9749 6 ай бұрын

Can u do citibank hysa??

@3rdientertainmentllc685 2 ай бұрын

I like that they don’t require a direct deposit every month in order to get the high APY

@lamar6007 6 ай бұрын

I have American Express savings account For emergencies

@micahgreene4573 2 ай бұрын

Just opened a new HYS account. Have 4 Amex cards and decided to go all in. Also just opened an Amex checking account, and diverted $500.00 every two weeks from my direct deposit to new account.

@DayanaPlays 2 ай бұрын

Nice saving tactic! 😎💜

@micahgreene4573 2 ай бұрын

@@DayanaPlays I love your videos!!!

@micahgreene4573 2 ай бұрын

I have a question. I also have 4 Capital One cards. You said Capital One reduced your limit on your Quicksilver for not using it. I'm worried that might happen to me. How long of a period did that take to happen if you don't mind me asking.

@Boorex Ай бұрын

Lol you loveeee your SoFi 😂 I respect it though.

@DayanaPlays Ай бұрын

You already know 😎

@Boorex Ай бұрын

@@DayanaPlays great video tho. I recently opened a SoFi HYSA last week and then just opened an Amex HYSA after I finished this video. Excited to see how they both go. I do like that Amex doesn’t require direct deposit

@r.ryansadeghian8060 Ай бұрын

Why not ufb direct and wealthfront? Lot higher interest

@f_mcdanzy 6 ай бұрын

Does direct deposit differ from depositing a certain amount from a bank account? I saw on the site they mentioned “qualifying deposits. I’m looking into SoFi but I don’t want to have my salary deposited into SoFi or another HYSA.

@titlepending1302 6 ай бұрын

Omg yes I was thinking SoFi too but after reading they terms and policies and talking to the agents and stuff it’s really not worth it and you won’t get the full 4% APR rate because you have to consistently deposit $5000 each month in order to keep the 4% rate if you do not, it would just default to the 1.2% approximate rate

@gabrielparker3289 4 ай бұрын

I have a question about the card when getting the sofi and what about the atm with sofi

@josephmgomez3921 3 ай бұрын

Yes SOFI offers an ATM Card.

@Djrow111 6 ай бұрын

Great video. Not a fair comparison though.

@DayanaPlays 6 ай бұрын

Thank you! 💚 Why do you think that?

@Djrow111 6 ай бұрын

@@DayanaPlays because the Amex is a standalone HYSA. Unlike the sofi you need a checking and a saving account in order for you to get the higher APY with direct deposit.

@rancellromerov.3395 6 ай бұрын

It's worth mentioning that Barclays HSYA has had a historically higher APY than AMEX HYSA, gets mentioned even less and has equal reputation.

@jollama 4 ай бұрын

Both are 4.35% right now

@thefulchman 4 ай бұрын

I’m going to do this one, I think. Amex is giving me 4.65 for being a Platinum cardholder. That extra .35 (or .30) will almost pay for the card annual fee.

@dustinkirkland5412 3 ай бұрын

Did you register over phone or online? I am a current platinum card holder as well so curious if I will get the same increase rate. Thanks!

@thefulchman 3 ай бұрын

@@dustinkirkland5412 I did it online. Check your email, because I had an email that gave me a specific invite link that mentioned the 4.6%. I also had another email that only offered me 4.3%, so look for that email.

@DayanaPlays 3 ай бұрын

Nice! 🔥 Did you end up signing up for it?

@thefulchman 3 ай бұрын

@@DayanaPlays yes. Very easy sign-up process.

@kendallevans4079 8 күн бұрын

I didn't know they offered that. I have their green, basic card but will look into platinum. I think it's about $600 @ year?

@Jay-vt2so 6 ай бұрын

AMEX!!! 😎💰😎💰😎

@DayanaPlays 6 ай бұрын

Hey Jay!!! 💚

@vickiarnold7300 6 ай бұрын

AMEX❤❤❤

@DayanaPlays 6 ай бұрын

Bestie!!! 💚

@denyou 3 ай бұрын

AMEX baby!

@DayanaPlays 3 ай бұрын

💜

@pedroaleman4743 3 ай бұрын

Are you included with the savings account?

@active0525 Ай бұрын

Not gone lie you can be a news cast with that voice

@DayanaPlays 26 күн бұрын

That's a first! Thanks I guess haha! 😂

@active0525 26 күн бұрын

@@DayanaPlays I’ll tune in to whatever channel your on & your welcome 😌

@thelegendarykevininsales7589 2 ай бұрын

What’s the withdrawal cost for moving funds from Amex HYSA to an external bank?

@kendallevans4079 8 күн бұрын

Huh? NONE! It's your money!

@anandsingh5769 2 ай бұрын

Does SoFi require a minimum amount for direct deposit?

@DayanaPlays 2 ай бұрын

Hey, there is no minimum direct deposit amount required to earn the highest APY. There is to unlock other things like their sign up bonus though. Hope that helps 😊

@marcussssss2848 5 ай бұрын

Is it true that if you have the Platinum card, you get a 4.6% apy with Amex?

@amurph3 5 ай бұрын

Yes, i just received this offer

@josephmgomez3921 3 ай бұрын

What about for the Amex Green card?

@kendallevans4079 8 күн бұрын

@@josephmgomez3921 Naw, I have that....That's the lowest card

@luisvillalba4759 Ай бұрын

It is possible to open an account in sofi with a itin number?

@DayanaPlays 26 күн бұрын

Hmmm, I don't think so. But, here are the requirements for opening a SoFi checking & savings account: support.sofi.com/hc/en-us/articles/360061565591-Who-can-open-a-SoFi-Checking-and-Savings-account Hope that clears things up! 😊

@wowc.5786 4 ай бұрын

Is there a penalty if you withdraw your money?

@kendallevans4079 8 күн бұрын

NO!

@zDEMONiiK 6 ай бұрын

Why nobody talks about acorns 3% on checking and 5% on savings ??

@xSandiego619 5 ай бұрын

Because you have to pay for it so it wouldn’t be worth it

@Leo-vz2dj Ай бұрын

Acorn sucks

@livinmylyfe71 5 ай бұрын

Amex

@javierhurtado5552 2 ай бұрын

Amex!

@DayanaPlays 2 ай бұрын

Appreciate the love! 💜

@MainCharacterChannel 5 ай бұрын

AMEX

@DayanaPlays 5 ай бұрын

💙

@RC-mz2oe 6 ай бұрын

🥰

@DayanaPlays 6 ай бұрын

💚

@gobletoffire75 6 ай бұрын

Why not go with CIT and get 5.05% APY?

@DayanaPlays 6 ай бұрын

Hey, I’ve talked about CIT before. The only thing I don’t like about them is that to earn their 5.05% APY, there’s a balance requirement of $5,000+; anything less than $5,000 only earns 0.25% APY, which isn't very good. Whereas with Amex, there’s no minimum opening deposit or balance requirement to earn 4.30%. But like I mentioned in the video, everyone's situation is different. Some people may be okay with CIT requirements, while others may prefer no requirements. That’s why the “best” bank/account for me may not be for you, and vice versa. 💚

@onebutterfly_S 3 ай бұрын

@@DayanaPlaysSuch a thorough explanation! Had to subscribe!

@jbsilva137 6 ай бұрын

👋 ❤

@DayanaPlays 6 ай бұрын

Hi! 💚

@bmw1234ize 2 ай бұрын

amex !!! cutiee

@DayanaPlays Ай бұрын

💜

@ldstiesto Ай бұрын

Amex 😉

@DayanaPlays Ай бұрын

🤩

@JimmyGotVlogz 6 ай бұрын

❤❤❤

@DayanaPlays 6 ай бұрын

I appreciate the support J! 💚

@JimmyGotVlogz 6 ай бұрын

@@DayanaPlays always ❤️‍🔥 the knowledge you dropping… keep going (road to 1 Million)

@qves30301 6 ай бұрын

🌹🌹🌹

@DayanaPlays 6 ай бұрын

Thanks! 💚

@chillinbrotha1072 6 ай бұрын

Great info but the comparison is apple to oranges because you are comparing checking to savings. There are other similar high yield savings accounts that should have been compared with Amex. I have both Amex and Discover high yield savings and have no issues with either one. They are pretty much the same.

@DayanaPlays 6 ай бұрын

Thanks! 💚 I actually compared savings to savings. Amex high yield vs. SoFi high yield. I have talked about Discover’s highyield savings account too in recent videos, but that would’ve been a great comparison too, although I did mention them in the video as an alternative.

@chillinbrotha1072 6 ай бұрын

@@DayanaPlays You did mention it, but when you showed the comparison on the screen, it was the high yield savings versus the Sofi checking. That’s what I was trying to point out. Appreciate the information and the detail and work you put into it