American Express Bank, FSB
Analysis
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Edited by General
American Express's online bank is well established with over 15 years of experience and offers a competitive online savings rates. It now offers a rewards-earning checking account to customers who have Amex cards and some online CDs that are ordinarily not competitive.
Advantages
- The online savings rate is ordinarily competitive with other large, well-established online banks.
- Amex accounts can now be configured to show your deposit accounts together with your credit cards both online and on their app.
Disadvantages
- While the savings rate is consistently competitive, Amex has not offered one of the most competitive savings rates for many years.
- Amex's CDs are ordinarily not competitive.
- The checking account is only available to those who have been credit card customers for over three months.
Savings Fees
| Fee Type | |
|---|---|
| Non Sufficient Funds | $0.00 |
| Maintenance | $0.00 |
| Out-of-network ATM | $0.00 |
| Excessive Transaction | $0.00 |
| Incoming Wires | $0.00 |
American Express Bank, FSB Reviews
Chris
August 31, 2022
never had a problem moving money in/out. After trying a couple banks with higher rates but less service will be moving my money back here.
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