American Express Bank, FSB

P.O. Box 30384
UT 84184

Deposit Rates APY Vs.Others
Savings 4.00% 5.50% →
1-Year CD 3.85% 4.80% →
2-Year CD 3.50% 4.25% →
3-Year CD 3.00% 4.05% →
4-Year CD 3.00% 3.90% →
5-Year CD 3.00% 4.00% →

Reviewed by Chris | August 31, 2022

Online Savings Rates

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.



Deposit Rates - November 4, 2024

Online Savings and Money Market Rates
Online Savings and Money Market Rates APY MIN MAX
High Yield Savings Account by American Express
4.00% $0 - Learn More
Online CD Rates
Online CD Rates APY MIN MAX
11 Month CD
4.00% $0 - Learn More
One Year CD
3.85% $0 $250,000 Learn More
18 Month CD
3.35% $0 $250,000 Learn More
24 Month CD
3.50% $0 $250,000 Learn More
36 Month CD
3.00% $0 $250,000 Learn More
48 Month CD
3.00% $0 $250,000 Learn More
60 Month CD
3.00% $0 $250,000 Learn More

Bank Offers

American Express Personal Savings Rate Lowered to 1.60% APY
Apr 3, 2020

Amex has lowered its Personal Savings rate by 10 basis points to 1.60% APY.   The rate remains very competitive and has held up better than the online rates of many of Amex's competitors.


American Express Personal Savings Rate Lowered to 1.30% APY
May 14, 2020

Amex Lowered its online savings rate from 1.50% APY to 1.30% APY this morning.


American Express Personal Savings Rate Lowered to 1.15% APY
Jun 4, 2020

Amex has lowered the rate on its Personal Savings account.


American Express Personal Savings Rate Lowered to 1.00% APY
Jun 25, 2020

This is the latest rate drop in online savings rates.


Amex Personal Savings Rate Lowered to 0.80% APY
Aug 18, 2020

American Express has lowered their Personal Savings interest rate from 1.00% to 0.80% APY. 


American Express Personal Savings Rate Lowered to 0.60% APY
Sep 17, 2020

Amex has dropped its online savings rate by 20 basis points again.


American Express Personal Savings Lowered to 0.50% APY
Dec 17, 2020

Amex has lowered its OSA rate from 0.60% to 0.50% APY this morning.


Amex Personal Savings Rate Lowered to 0.40% APY
Mar 11, 2021

Amex has lowered the rate by 10 basis points this morning.


American Express Personal Savings Raised to 0.50% APY
Jan 5, 2022

Amex has raised its Personal Savings rate from 0.40% to 0.50% APY today.


American Express Personal Savings Raised to 0.60% APY
Apr 28, 2022

This represents a 10 basis point increase of its previous rate.  It has also increased its CD rates and its 1-year is now at 1.00% APY.


American Express Raises Personal Savings Rate to 1.00% APY
Jun 29, 2022

Amex used to be a rate leader, but now they are one of the last major players to cross the 1.00% mark.




Climate Policy and Initiatives

American Express Bank, FSB is encouraged to provide us with this information. When we receive this information from the online bank, we will provide it here.



Customer Reviews for American Express Bank, FSB (11)


  • August 31, 2022

    Online Savings Rates

    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.

  • August 3, 2020 | | Replies 1

    Online Savings Rates

    There is a lot to like about this account. American Express is a real organization and you are not playing with a bunch of amateurs like with a lot of these banks. However, they will be sure to lower the rate when others do. And, if you ever need to call for support (transfers, etc.) you can be sure that their call center reps will do everything possible to not be helpful (some of my experience may be due to the pandemic).

    Jason | Nov 19, 2021

    Real organization and all of that, but they lowered their rate to 0.40% last year and it has been stuck there. Not nice.

  • September 5, 2019 |

    I was very impressed with American express national bamk when I opened my first account with them.
    the representative who helped me open the account was knowledgable besides being efficient and courteous.
    these qualities are often difficult to find in todays banking employees.

  • May 24, 2017 | | Replies 2

    Online CDs 12 Month Rates

    Not such great CD rates from a company that has completely lost its edge.

    Fred | May 24, 2017

    I am in complete agreement with Jody.

    Jody | May 24, 2017

    I really don't care whether it has lost its edge. I will take a couple pennies less from a bank that is well recognized and provides outstanding customer service any day.

  • January 27, 2017 |

    Online Savings Rates

    I have been a customer since I first saw this bank advertised on this site in 2009. The rate is a little lower, but the service has always been excellent and very respectful. Nothing short of what you expect from Amex. Plus, I can now link the account to my credit card profile which is helpful.


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