Open an AccountAmerican Express National Bank
Sponsored American Express National Bank Accounts
| Account Type | APY | Account Name | Min | Max | |
|---|---|---|---|---|---|
| CD | 3.00% | 60 Month CD | $1 | - | Details » |
| CD | 2.70% | 48 Month CD | $1 | - | Details » |
| CD | 2.65% | 36 Month CD | $1 | - | Details » |
| CD | 2.60% | 24 Month CD | $1 | - | Details » |
| CD | 2.50% | 18 Month CD | $1 | - | Details » |
| Savings | 1.80% | High Yield Savings Account | $1 | $5m | Details » |
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.
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American Express Online Savings
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.
I Love My AmEx
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
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.
American Express
I have been using this bank for a savings account since college. I don't have to touch this money often (which is good!) so I haven't had a terrible amount of customer service interactions with them, but on the few occasions that I have it wasn't an issue. I called them around Christmas and there was a relatively short wait time before being placed on the line with an actual human. Their website is easy to use- my purposes are really just to view and add to my account- and I've browsed the features I'm not actively using and they seem user-friendly. I don't even have to worry about the complaint of places that don't accept AmEx because I don't use them for a credit card, just saving some money. The fees are honestly something I don't know much about but I haven't felt their impact on my savings account that I can recall.
Data as of Q2 2018
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 27471 |
| Year Established | 1989 |
| Employees | 277 |
| Primary Regulator | OCC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 4.63% |
| Return on Equity - YTD | 43.81% |
| Annual Interest Income | $4.69B |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2018vs Q2 2017 | $114.2B$37.01B |
| Loans | Q2 2018vs Q2 2017 | $85.09B$22.00B |
| Deposits | Q2 2018vs Q2 2017 | $75.39B$25.33B |
| Equity Capital | Q2 2018vs Q2 2017 | $11.60B$6.42B |
| Loan Loss Allowance | Q2 2018vs Q2 2017 | $1.96B$593.7MM |
| Unbacked Noncurrent Loans | Q2 2018vs Q2 2017 | $634.8MM$201.1MM |
| Real Estate Owned | Q2 2018vs Q2 2017 | $0$0 |
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
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 1.80% | $1 | $5m | High Yield Savings Account |
American Express National Bank CD Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 3.00% | $1 | - | 60 Month CD | |
| 2.70% | $1 | - | 48 Month CD | |
| 2.65% | $1 | - | 36 Month CD | |
| 2.60% | $1 | - | 24 Month CD | |
| 2.50% | $1 | - | 18 Month CD | |
| 0.55% | $1 | - | 12 Month CD | |
| 0.40% | $1 | - | 6 Month CD |
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