American Express Bank Savings Account Rate

American Express Bank, the banking ARM of the American Express credit card company is offering a 2.00 annual percentage yield for their High Yield Savings Account.

Savings Accounts and certificate of deposit that are being offered by American Express Bank are very competitive with other banks.

The savings account doesn’t have any account minimums or account fees. Interest on the savings account is compounded daily and credited to your account monthly.

Compounding interest daily gives you a better annual percentage yield than accounts that have interest compounded monthly or annually. Deposits are FDIC insured up to $250,000.