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.