How Much Can You Earn With an American Express Savings Account? If you run into trouble opening your account or have any questions, you can call American Express customer service at 1-80. If you don’t have an Amex checking account, you’ll need to link an external bank account to make your initial deposit. You’ll need to give American Express some basic information, including your name, address, date of birth and Social Security number. If you have an American Express personal checking account, you could link that to your savings account to transfer funds more easily.Īccount opening is fairly simple, and it takes just a few minutes to fill out the online application. You won’t receive an ATM card with this account, so to withdraw money, you’ll have to link an external checking account and transfer your funds there, which can take one to two business days to process. Savers have access to 24/7 customer service.Savings balances are FDIC-insured up to $250,000 per depositor, per account ownership type.Deposit money through transfers from a linked checking account or by check.Here are a few additional key features to note about this savings account:

American Express has no physical branches, but you can manage your account online or through the American Express mobile app. At some traditional banks, you might pay a monthly fee for a savings account.Īmerican Express compounds interest on savings daily and deposits it into your account monthly. In addition to minimum deposits, there are no monthly fees associated with the American Express savings account.

Overview of American Express Savings AccountsĪmerican Express doesn’t have minimum deposit requirements, which may be appealing if you’re just getting started with saving.

American Express® High Yield Savings Account

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