American Express National Bank


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

American Express National Bank Rate Change - 4/3/2020

We want to let you know that as of today, the Annual Percentage Yield (APY) on your High Yield Savings Account is 1.60%. This variable rate is subject to change over time based on economic and competitive factors. You should know that this rate is still more than 10X the national average, so you'll continue to get more out of your savings with your American Express Personal Savings High Yield Savings Account.

American Express National Bank Adds 130 bps To 12-Month CD Rate - 3/20/2020

American Express National Bank (internet bank) has added 130 bps to its 12-month CD, which now earns 1.85% APY. Minimum opening deposit is only $1.

American Express National Bank 5-Year CD Still Competitive - 3/16/2020

American Express National Bank (internet bank) is currently offering a competitive rate on its 60-month CD. Minimum opening deposit is $1, with no stated balance cap.

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Reviews (266)

American Express Online Savings

Posted by: |

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.

Consider Reviewing Savings APY

Posted by: |

I initially compare HSBCDirect, Purepoint and AE Personal Savings. However, few months ago, I chose AE cause rate is better and little hiccup encountered. However, both Purepoint and HSBCDirect got their rates up (2.35 and 2.25%) but AE stays at 2.1%. Time for AE to consider matching others, else, money flows.

American Express Bank Savings Account

Posted by: |

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.

HORRIBLE HORRIBLE HORRIBLE!!!!!

Posted by: |

Before you start banking with this bank or so-called bank, just know that whenever you have an issue customer service representatives will not know how to fix!! Nor will they have any idea what you are talking about!!!!! Let me also add that when you call to speak to a PROFESSIONAL!!, You will NOT speak to a professional.... You will NOT get your issue resolved no matter how long your on the phone with them! And the worst thing is they put you on hold for 45 minutes before ever acknowledging you again!!!!! They reject your direct deposits causing unnecessary stress and unnecessary worry!!! This bank is a joke! I promise you I have banked with them since 2016 and just recently have they started causing me all this nonsense!! DO NOT bank with American Express. Or American Express serve!!! And don’t do your taxes with Jackson Hewitt!!!!!!!!!!!!! If you already bank with these banks then Just Beware! Best of luck!!!

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Health

Health Grade Components

Overall
FDIC Certificate #27471
Year Established1989
Employees283
Primary RegulatorOCC
Profit Margin
Return on Assets - YTD4.9%
Return on Equity - YTD48.36%
Annual Interest Income$11.22B
Assets and Liabilities
AssetsQ4 2019vs Q4 2018$121.9B$116.7B
LoansQ4 2019vs Q4 2018$97.13B$91.69B
DepositsQ4 2019vs Q4 2018$78.35B$73.88B
Equity CapitalQ4 2019vs Q4 2018$13.68B$11.66B
Loan Loss AllowanceQ4 2019vs Q4 2018$2.54B$2.28B
Unbacked Noncurrent LoansQ4 2019vs Q4 2018$834.8MM$726.1MM
Real Estate OwnedQ4 2019vs Q4 2018$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.

American Express National Bank Rate Change

  |  
We want to let you know that as of today, the Annual Percentage Yield (APY) on your High Yield Savings Account is 1.60%. This variable rate is subject to change over time based on economic and competitive factors. You should know that this rate is still more than 10X the national average, so you'll continue to get more out of your savings with your American Express Personal Savings High Yield Savings Account.

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
1.60%$1-High Yield Savings Account

American Express National Bank CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.00%$1-60 Month CD
1.95%$1-36 Month CD
1.95%$1-48 Month CD
1.90%$1-18 Month CD
1.90%$1-24 Month CD
1.85%$1-12 Month CD
0.40%$1-6 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 [email protected] 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.