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Sponsored American Express National Bank Account

Account TypeAPYAccount NameMinMax
Savings1.75%High Yield Savings Account-$5mDetails »
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Overview / Commentary
800-446-6307
4315 South 2700 West
Salt Lake City, UT 84184

In the way of personal banking, American Express offers two account possibilities: high-yield savings accounts and Certificates of Deposit (CDs). The high-yield savings account is easy to open electronically. The savings account comes with no monthly fees, nor a minimum balance requirement and allows ACH transfers to and from the account at no additional cost. DepositAccounts.com has featured this savings account on multiple occasions for its competitive interest rate and flexibility. Certificates of Deposit (CDs) are available and in term lengths ranging from 6 to 60 months. CDs also have no fees and no minimums and can be easily opened electronically through an online application process. Automatic transfers can be set up to fund either the savings account or the CD, and depositing by check is also an option. DepositAccounts.com reported in 2009 on the bank’s transition from their Savings Accelerator account that was tied to eligible American Express Card products, to the high-yield savings account, which is a “standalone” account.

American Express online savings accounts provide a convenient platform on which account holders can view their transaction history and set up electronic fund transfers. The web-based system makes the application process quick and simple, and the website makes it easy to switch between a Card account and a deposit account.

Related Posts

Personal Savings Account and CD Rates Up Again at American Express National Bank - 6/22/2018

American Express National Bank raised its American Express Personal Savings account by 10 bps to 1.75% APY. Also, four CDs had rate increases.

Rate Increases At American Express National Bank - 6/22/2018

Savings Now 1.75%(was 1.65%) Competitive CD Increases(10 to 15 bps up): 24-Month 2.45% 36-Month 2.55% 48-Month 2.60% 60-Month 2.85% Should add some competitive pressure to Capital One, Discover Bank, Etc.

American Express National Bank Ups Personal Savings APY - 6/7/2018

American Express National Bank raised its American Express Personal Savings account by 5 bps to 1.65% APY. This is the second 5-bps rate hike in the last two weeks.

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Reviews (256)

American Express Online Savings

Posted by: GrandQuey | Jan 16, 2018

Earlier this year I decided to look for a high yield savings account as my current bank offered a very low APY. After much searching I decided to go with American Express Online Savings. I am already a credit card customer with them so I felt comfortable, and their customer service is beyond amazing. American Express offers a 1.35% APY which, at the end of this year, will pay out nearly $2,000 compared to my old account which would be a pay out of roughly $250. The transfer was a simple online process that took two days approximately. Then afterward, deposits are available within one business day. Overall, it is the best banking experience I have ever had. If you are looking to get the most out of your savings account, I highly recommend American Express.

American Express Provides Competitive Rates But No Frills

Posted by: Marvent | May 24, 2018

I selected American Express for my savings rates due to them offering the highest yielding savings rate. While they don't have any physical locations, I am easily able to deposit my money online (unlimited) and I can make up to 6 withdrawals per month. It does take a few days for my money to come in from my other bank, it is noted as my current balance (what I earn interest on) immediately. Additionally, it takes only a day or two for transfers out to show up in my other banks checking account which is a huge advantage. The biggest downfall of American Express savings is there is no mobile application. With that said, they have a very helpful website. I would highly recommend American Express to my friends searching for a high return on a savings account. I have never had to contact customer service; however, my account was very easily setup
and I think it's a testament to the quality of their service that I haven't ran into any issues that require me to contact customer service. They have increased interest rates on savings over the past 3 months which has me hopeful that they keep up with the market in the future.

I Love My AmEx

Posted by: LawnLeak | May 24, 2018

I have got to say that hands down American Express is the best financial institution out there. I have dealt iwth a lot of companies who in the end always get me for one thing or another and it really drives me crazy.

It seems if I ever have an issue though AmEx is right on top of it and more often than not will just call me right away and let me know there is an issue and they're going to fix it. An example one time I was on vacation in Italy with my girlfriend and received an email stating that AmEx had been trying to call me and someone was attempting to buy a car with my card. Luckily the transaction never went through, but knowing that they are willing to go that length to protect me is pretty great and I will use them till the day I die.

American Express Bank Savings Account

Posted by: Fruitalgi | Dec 22, 2017

My grandparents opened a American Express personal savings account for me a couple of years ago in order to give me money to help with my children. They stated that it had a decent APR and would accumulate interest better than other banks. About 4 months ago I went to try and close the account because one of my children needed medical treatment and the bills were overwhelming. I figured now was as good a time as any to withdraw all of the money and close the savings account. That process was amazingly difficult. Every single person I spoke to in customer service was difficult and none would clarify exactly how the account closure process works because apparently you are not supposed to use money that has been saved. I would not use this institution ever again.

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Health

Health Grade Components

Overall
FDIC Certificate #27471
Year Established1989
Employees135
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD4.66%
Return on Equity - YTD44.26%
Annual Interest Income$1.42B
Assets and Liabilities
AssetsQ1 2018vs Q1 2017$57.84B$34.50B
LoansQ1 2018vs Q1 2017$42.72B$21.58B
DepositsQ1 2018vs Q1 2017$27.81B$18.31B
Equity CapitalQ1 2018vs Q1 2017$6.36B$6.49B
Loan Loss AllowanceQ1 2018vs Q1 2017$1.16B$573.1MM
Unbacked Noncurrent LoansQ1 2018vs Q1 2017$401.4MM$211.3MM
Real Estate OwnedQ1 2018vs Q1 2017$0$0
  User-submitted Promotions & Notices

This section lists recent deals, promotions and rate changes submitted by our community within the past 90 days. Always verify official rates and promotions with the bank or credit union.

Rate Increases At American Express National Bank

buckeye61   |  
Savings Now 1.75%(was 1.65%)

Competitive CD Increases(10 to 15 bps up):

24-Month 2.45%
36-Month 2.55%
48-Month 2.60%
60-Month 2.85%

Should add some competitive pressure to Capital One, Discover Bank, Etc.

American Express Rate Hike

Maecl   |  
American Express raised rate on Personal Savings Acct to 1.65% was 1.60%

American Express Rate Hike

Maecl   |  
American Express raisedthe rate on their Personal Savings Account to 1.60% up from 1.55%.

Rates
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Always verify rates and promotions with the bank or credit union. We are not American Express National Bank; we are a rate comparison website and cannot provide official rates or promotions.

American Express National Bank Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.75%-$5mHigh Yield Savings Account

American Express National Bank CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.90%--60 Month CD
2.60%--48 Month CD
2.55%--36 Month CD
2.50%--24 Month CD
2.40%--18 Month CD
0.55%--12 Month CD
0.40%--6 Month CD
Locations

American Express National Bank is an Internet only bank and does not have branch locations. Its headquarters is located at 4315 South 2700 West - Salt Lake City, UT 84184

The financial institution, product, and APY (Annual Percentage Yield) data displayed on this website is gathered from various sources and may not reflect all of the offers available in your region. Although we strive to provide the most accurate data possible, we cannot guarantee its accuracy. The content displayed is for general information purposes only; always verify account details and availability with the financial institution before opening an account. Contact feedback@depositaccounts.com to report inaccurate info or to request offers be included in this website. We are not affiliated with the financial institutions included in this website.