American Express High Yield Savings Keep dropping interest rates on "Hi Yield Savings" Utah
These CROOKS have been hurting people who save money by constantly lowering the interest rate paid, over the last year.
From Jan to Jul 2019 they were paying 2.07831%. They have been dropping it over and over. Most recently in Aug 2020 and now again in Sep 2020. Currently it is a measly, paltry 0.59821%.
I bet the rate they charge to borrow of on their credit cards is still jacked up though.
We put our money with them because they were paying a fairly good rate with no risk of loss of principle. But their practices of constant rate reductions is hurting us. And they are hurting all the people who just want to earn a decent interest rate on money they have which AmEx uses, but doesn't want to pay a fair price for having that capital.
They are thieves and should be treated as such!!!