American Express® Personal Savings Account Review

Where does American Express® Personal Savings Account do business?

American Express National Bank is based in New York, NY. It was founded in 1850 and offers savings accounts in 50 states (and Washington, DC).

American Express® Personal Savings Account is a member of the Federal Deposit Insurance Corporation (FDIC). The FDIC insures deposits in checking accounts, savings accounts, certificates of deposit (CDs), and money market accounts up to $250,000 per depositor if a member institution fails.

What APY does American Express National Bank offer?

American Express® Personal Savings Account offers an APY of 2.1% (APY stands for annual percentage yield, rates may change). This is higher than the typical APY for online-only checking accounts, which is around 1% APY.

What features and perks does American Express® Personal Savings Account offer?

This account includes the following features:

• Automatic savings - Set up an automatic transfer from your checking account to a savings account and you'll never have to second-guess your saving decisions again.
• Fraud monitoring - American Express® Personal Savings Account monitors transactions for potentially fraudulent activity, such as when a debit card is unexpectedly used in a different location or you make a sudden string of costly purchases.

What fees does American Express® Personal Savings Account charge?

American Express® Personal Savings Account does not charge a monthly maintenance fee. See the fee breakdown section below to view all fees.