I got a letter through the mail from American Express offering me a sweet 1.3% interest rate with an FDIC-insured savings account. I currently have a business savings account with a princely 0.35% rate which is apparently the best Wells Fargo offers, and a personal account that seems to pay even less than that.
Is there anything wrong with the Amex account? Or is it an actual good deal? Details here:
I want to have access to the funds ASAP, so CDs or anything more complex (or anything not FDIC-insured) is out.