American Express Bank, FSB.

Headquarters

4315 South 2700 West
Salt Lake City, UT 84184
See all branch locations →

Phone 800 528 4800

Notable Rates APY Vs.Others
Savings N.A. 1.02% →
1-Year CD N.A. 2.15% →
2-Year CD N.A. 2.62% →
5-Year CD N.A. 3.00% →
30-Year Mortgage N.A. 2.81% →
15-Year Mortgage N.A. 2.36% →
HELOC N.A. 2.79% →

2022 Overview

General Bank Information

American Express Bank, FSB. is an FDIC insured institution located in Salt Lake City, UT. It was founded in 2000 and has approximately $55 billion in assets.

FDIC Insured Yes
FDIC Certificate # 35328
Date Established 2000
Assets $ 51.88 billion
Loans $ 42.11 billion
Deposits $ 45.80 billion
Capital $ 6.07 billion
 

For a more detailed analysis of American Express Bank, FSB.'s financial condition and a description of what these numbers mean, please visit the Financial Details section.

Deposit Rates - May 17, 2022

Your Current Location: Virginia, VA 20146

Online Only Savings Rates of American Express Bank, FSB

Online Savings Rates APY MIN MAX
High Yield Savings Account by American Express
0.60% $0 - Learn More

Online Only CD Rates of American Express Bank, FSB

Online CD Rates APY MIN MAX
6 Month CD
0.10% $0 $250,000 Learn More
One Year CD
1.00% $0 $250,000 Learn More
18 Month CD
1.00% $0 $250,000 Learn More
24 Mo CD
1.60% $0 $250,000 Learn More
36 Mo CD
1.15% $0 $250,000 Learn More
48 Mo CD
1.20% $0 $250,000 Learn More
60 Mo CD
2.00% $0 $250,000 Learn More

Bank Online Offers

American Express Personal Savings Rate Lowered to 1.60% APY
Apr 3, 2020

Amex has lowered its Personal Savings rate by 10 basis points to 1.60% APY.   The rate remains very competitive and has held up better than the online rates of many of Amex's competitors.


American Express Personal Savings Rate Lowered to 1.30% APY
May 14, 2020

Amex Lowered its online savings rate from 1.50% APY to 1.30% APY this morning.


American Express Personal Savings Rate Lowered to 1.15% APY
Jun 4, 2020

Amex has lowered the rate on its Personal Savings account.


American Express Personal Savings Rate Lowered to 1.00% APY
Jun 25, 2020

This is the latest rate drop in online savings rates.


Amex Personal Savings Rate Lowered to 0.80% APY
Aug 18, 2020

American Express has lowered their Personal Savings interest rate from 1.00% to 0.80% APY. 


American Express Personal Savings Rate Lowered to 0.60% APY
Sep 17, 2020

Amex has dropped its online savings rate by 20 basis points again.


American Express Personal Savings Lowered to 0.50% APY
Dec 17, 2020

Amex has lowered its OSA rate from 0.60% to 0.50% APY this morning.


Amex Personal Savings Rate Lowered to 0.40% APY
Mar 11, 2021

Amex has lowered the rate by 10 basis points this morning.


American Express Personal Savings Raised to 0.50% APY
Jan 5, 2022

Amex has raised its Personal Savings rate from 0.40% to 0.50% APY today.


American Express Personal Savings Raised to 0.60% APY
Apr 28, 2022

This represents a 10 basis point increase of its previous rate.  It has also increased its CD rates and its 1-year is now at 1.00% APY.


 

Loan Rates - May 17, 2022

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for American Express Bank, FSB.

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:




Featured - Virginia 30 Year Fixed Mortgage Rates 2022

Lender APR Rate (%) Monthly
Payment
Learn More
AmeriSave Mortgage Corporation
NMLS ID: 1168
5.842% 5.750%
0.88 points
$2,515 fees
$1,459 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2022

Lender APR (%)? Monthly Payment? Learn More

Note to American Express Bank, FSB.
To upload and update your bank's rates please register. It is free to register and add rates.

Branches

American Express Bank, FSB. branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

Your Location:
Ashburn,Virginia


American Express Bank, FSB. Locations



Climate Initiatives

American Express Bank, FSB. is encouraged to provide us with this information. When we receive this information from the bank, we will provide it here.

Financial Details

American Express Bank, FSB. Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of American Express Bank, FSB.. The data is provided by the FDIC. All banks listed on BestCashCow.com are FDIC-insured. No depositor has ever lost deposits that have been within the FDIC insurance limits.

Texas Ratio
American Express Bank, FSB. U.S. Bank Average
3.84% 3.95%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its tangible common equity and its loan loss reserves. A lower Texas ratio indicates better coverage of problem loans. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a bank has to absorb its loan losses.

As of December 31, 2021, American Express Bank, FSB. had $262,820,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $6,071,676,000 in equity and $765,269,000 in loans loss reserves. That gives it a Texas Ratio of 3.84%.

Return on Equity
American Express Bank, FSB. U.S. Bank Average
29.2% 10.50%

American Express Bank, FSB. has a Return on Equity of 29.2% versus the BestCashCow average of 10.50%. Return on equity measures how efficiently a bank is making money from its capital. A bank with a consistently high ROE can be considered well run. A bank with a consistently low ROE can be considered poorly run.

Capitalization
American Express Bank, FSB. U.S. Bank Average
11.7% 11.55%

American Express Bank, FSB. has a Capitalization of 11.7% versus the BestCashCow average of 11.55. Capitalization measures how much equity capital a bank has to underpin loans and other assets on its balance sheet. The higher the capitalization number the more secure a bank is considered.

American Express Bank, FSB. Balance Sheet Analysis

As of March 31, 2018, American Express Bank, FSB. had assets of $55,002,198,000, loans of $42,113,068,000, and deposits of $45,803,801,000. Long-term increases in deposits shows a bank's ability to raise funds to grow its loans and assets. Loan and asset growth may rise or fall depending on a bank's strategy for growth. Sharp rises and falls in assets, deposits, and loans can be problematic, indicating a loosening of lending standards, or financial distress leading to reduced lending. A big change in these figured can also be from a bank acquisition or merger.

Summary Balance Sheet

December 31, 2021
ASSETS
Cash & Balances due from depository institutions $ 11.08 billion
Interest-bearing balances $ 11.07 billion
Total securities $ 370.83 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 42.11 billion
Loan loss allowance $ 765.27 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles $ 100.73 million
All other assets $ 1,341.14 million
     Total Assets $ 48.93 billion
LIABILITIES
Total deposits $ 45.80 billion
      Interest-bearing deposits $ 45.72 billion
      Deposits held in domestic offices $ 45.80 billion
      % insured (estimated) 76.91%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds $ 28.42 million
Subordinated debt N.A.
All other liabilities $ 3.10 billion
      Total Liabilities $ 48.93 billion
      Shareholders’ Equity $ 2.95 billion

Summary Income Statement

December 31, 2021
INCOME AND EXPENSES
Total Interest Income $ 968.28 million
Total Interest Expense $ 177.35 million
Net interest income $ 790.93 million
Provision for loan and lease losses $ 275.49 million
Total non interest income $ 2.17 billion
Total non interest expense $ 1,943.76 million
Pre-tax Net Operating Income $ 746.09 million

Bank Loan Profile?

The top three loan types in American Express Bank, FSB.’s loan portfolio are Commercial and Industrial Loans, Credit Card Loans, and 1-4 Family Residential Loans.

Compared to other banks in Utah, American Express Bank, FSB. has a significantly higher percent of Commercial and Industrial Loans on its balance sheet, potentially indicating a specialty in that lending area.

Note: Percentages may not sum to 100% due to rounding and double categorization of some loan types. All data from the FDIC. Additional information about this table.

%
Loans
%
Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 0.00
Multifamily
Mortgages
0.00
Credit Card Loans 36.31
Consumer Auto Loans 0.00
Small Business Loans 0.00
Construction and Development Loans 0.00
Commercial Real Estate 0.00
Commercial and Industrial Loans 59.70
Farm Loans 0.00

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