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I've posted on Sweating the Big Stuff about why more people don't promote American Express' High Interest Savings Accounts, and wanted to get your opinion and possibly post a follow up. It seems like a no brainer to include this on some of the aggregators, but they choose banks like Ally, which actually have lower interest rates for some reason. Is this because banks have to pay to get on these lists in the first place?

Also, has anyone opened an account with them, and if so, have they had any positive experiences? Feel free to either respond here or on the site in the comments.

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I have not opened an AE account.

Banks don't pay to get on these lists.

(If I tell you stuff you already know, please forgive me.)

Now, what I'm about to say in no way implies that this is BankRate.com's entire mode of operation -- I don't know anything about how they run their site.

I do know that Ally Bank has an affiliate program. Websites can sign up for that affiliate program (for free) and post special links to Ally Bank that track the sign-up process. If someone is sent to Ally from BankRate.com and that person signs up for an Ally account (and meets other restrictions, perhaps) then BankRate.com could earn a commission from that sign-up.

This is something that lies underneath most financial websites: Recommendations, or the presence (or absence) of particular merchants in a side-by-side comparison may be partly based on whether said recommendations can be monetized, and to what extent.

Again, I'm not trashing BankRate.com. It wouldn't have an Alexa ranking in the 3,000s and a PR of 7 if it weren't great, fairly-presented information that it provides.

Some banks have affiliate programs, and others don't. It's a trade-off. Without an affiliate program, though, you're not going to have people beating down your door to promote your product.

I don't believe AE has an affiliate program. They therefore depend on their own efforts, and happy customers like you, to promote it.

Oh, by the way, ING has an affiliate program. If you love your ING account, you can make money promoting it. ;)

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Isn't it bankrate's job to provide accurate information? What's the point of a website that supposedly gives you the highest rates when they are leaving out the ones at the top? – Daniel Dec 7 at 14:12
Bankrate can't know every single account out there. I'm sure it strives to provide accurate information about the ones it knows about. In any case, if you want to test them, contact them about the AE account. Let them know about it. See what happens. If they respond, great. If not, see if they put it up on the site. At that point, you're sure that they at least know about the AE account. But anyway, Bankrate wants to make money. They do it by providing information for free. If there were big holes in their info, they wouldn't be taken seriously. – mbhunter Dec 11 at 3:01

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