American Express Bank Savings Rates: Best Rate 1.00%

American Express Bank has one of the leading savings account rates on our national savings rate table. Amex Bank is offering current savings rates at 1.00% with a yield of 1.00%. That rate is considerably higher than the national average savings rate of 0.208% as reported by MonitorBankRates.com.

Amex bank is the banking division of the credit card company American Express. Like many financial institutions the bank became a "bank holding company" during the height of the financial crisis to be able to raise funds through deposits. Since that time Amex has consistently offered one of the best savings account rates available.

Amex's High Yield Savings Account has no fees and no minimums to maintain. The account is FDIC insured for up to $250,000. You have 24/7 access to the account online. You can make deposits by electronic transfer or by check. Withdrawals can be made by check by calling Amex at 1-800-446-6307 and requesting a withdrawal by check.

Amex's online savings account is a variable rate account. As with all variable rate savings accounts the interest rate can change at anytime. If you want to lock in a rate Amex Bank is offering 1 year CD rates slightly lower at 0.90%.

You can search and compare the best CD rates, savings account rates and mortgage rates today by searching MonitorBankRates' rate tables.