Open an AccountAmerican Express National Bank


Sponsored American Express National Bank Accounts

Account TypeAPYAccount NameMinMax
CD3.00%60 Month CD$1-Details »
CD2.70%48 Month CD$1-Details »
CD2.65%36 Month CD$1-Details »
CD2.60%24 Month CD$1-Details »
CD2.50%18 Month CD$1-Details »
Savings1.80%High Yield Savings Account$1$5mDetails »
View all American Express National Bank accounts »

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 Hikes Rates on Four CDs - 9/14/2018

American Express National Bank raised the rates of four of its long-term CDs by 10 bps yesterday.The most noteworthy increase was the 60-month CD: its APY reached 3.00%.

Personal Savings Account & 18-Mo CD Rates Up at American Express National Bank - 8/24/2018

American Express National Bank raised its American Express Personal Savings account (Personal Savings) by 5 bps to 1.80% APY. Also, its 18-month CD had rate increase.

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.

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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.

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.

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.

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Health

Health Grade Components

Overall
FDIC Certificate #27471
Year Established1989
Employees277
Primary RegulatorOCC
Profit Margin
Return on Assets - YTD4.63%
Return on Equity - YTD43.81%
Annual Interest Income$4.69B
Assets and Liabilities
AssetsQ2 2018vs Q2 2017$114.2B$37.01B
LoansQ2 2018vs Q2 2017$85.09B$22.00B
DepositsQ2 2018vs Q2 2017$75.39B$25.33B
Equity CapitalQ2 2018vs Q2 2017$11.60B$6.42B
Loan Loss AllowanceQ2 2018vs Q2 2017$1.96B$593.7MM
Unbacked Noncurrent LoansQ2 2018vs Q2 2017$634.8MM$201.1MM
Real Estate OwnedQ2 2018vs Q2 2017$0$0
Rates
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American Express National Bank Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.80%$1$5mHigh Yield Savings Account

American Express National Bank CD Rates

APYMINMAXACCOUNT NAMEVIEW 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
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.