American Express Bank, Fsb
Online Savings Account - 4.25% APY

• No minimums, no monthly fees
• 24/7 superior customer service
• Easy access to your money, round-the-clock
• Up to 9 withdrawals/transfers per month
• Compounding daily, depositing monthly
• FDIC insured
• Backed by the service & reliability of American Express

Fee and Feature Guide

Savings Account
Interest Rate
APY 4.25%
Minimum deposit amount $0.00
Maximum deposit amount N/A
Balance Requirements
Minimum Opening Deposit $0.00
Minimum Balance to Avoid Fees $0.00
Minimum Required Balance $0.00
Monthly Maintenance Fee N/A
Foreign ATM Fees N/A
Insufficient Funds Fee N/A
Incoming Wires N/A
Paper Statements Yes
Online Statements Yes
Online and Telephone Banking
Online Banking Yes
Telephone Banking Yes
Mobile Banking Yes
Deposit Checks with Mobile Device Yes
Free Bill Pay Yes
Online Bill Payments Required Yes
Account Opening
Open Online Yes
Insured by F.D.I.C.

Recent Rate Changes

Date APY
May 13, 2024 4.25%
April 22, 2024 4.30%
December 15, 2023 4.35%
October 3, 2023 4.30%
August 30, 2023 4.25%
August 20, 2023 4.15%

Customer Reviews for American Express Bank, FSB (11)

  • August 31, 2022

    Online Savings Rates

    never had a problem moving money in/out. After trying a couple banks with higher rates but less service will be moving my money back here.

  • August 3, 2020 | | Replies 1

    Online Savings Rates

    There is a lot to like about this account. American Express is a real organization and you are not playing with a bunch of amateurs like with a lot of these banks. However, they will be sure to lower the rate when others do. And, if you ever need to call for support (transfers, etc.) you can be sure that their call center reps will do everything possible to not be helpful (some of my experience may be due to the pandemic).

    Jason | Nov 19, 2021

    Real organization and all of that, but they lowered their rate to 0.40% last year and it has been stuck there. Not nice.

  • September 5, 2019 |

    I was very impressed with American express national bamk when I opened my first account with them.
    the representative who helped me open the account was knowledgable besides being efficient and courteous.
    these qualities are often difficult to find in todays banking employees.

  • May 24, 2017 | | Replies 2

    Online CDs 12 Month Rates

    Not such great CD rates from a company that has completely lost its edge.

    Fred | May 24, 2017

    I am in complete agreement with Jody.

    Jody | May 24, 2017

    I really don't care whether it has lost its edge. I will take a couple pennies less from a bank that is well recognized and provides outstanding customer service any day.

  • January 27, 2017 |

    Online Savings Rates

    I have been a customer since I first saw this bank advertised on this site in 2009. The rate is a little lower, but the service has always been excellent and very respectful. Nothing short of what you expect from Amex. Plus, I can now link the account to my credit card profile which is helpful.

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