Is there a limit to how much money I can put in my account?
American Express National Bank reserves the right to refuse, return, or limit any deposit you make to your account, and to set a maximum total account balance per depositor, in our discretion. The current maximum total account balance is $5 million.
Should interest cause your balance to exceed $5M, you will continue to receive interest and your account balance can grow to exceed $5M. However, you will not be able to make any transactions that would result in the balance remaining in excess of $5M. No deposits can be made that would cause the balance to exceed $5M. In order to make an online withdrawal if the account balance has exceeded $5M, you will be required to withdraw an amount that would bring the balance to $5M or less. If you have a balance above $5M and you want to withdraw only a portion of the amount that exceeds $5M, please call 1-800-446-6307 to speak with a representative.
More About Personal Savings
*The Annual Percentage Yield (APY) as advertised is accurate as of . Interest rate and APY are subject to change at any time without notice before and after a High Yield Savings Account is opened.
For a CD account, rates are subject to change at any time without notice before the account is opened. Your rate will be fixed on the business day‡ we receive your completed application, provided we receive your deposit within 30 days after your application is approved. After a CD is opened, additional deposits to the account are not permitted. Early CD withdrawals may be subject to significant penalties which could cause you to lose some of your principal. Please see the Deposit Account Agreement for additional terms and conditions and Truth-in-Savings disclosures.
**The national average APY is accurate as of November 30, 2020, as published in the FDIC's Weekly National Rates and Rate Caps; average rate used is for deposits under $100,000.
†You may make up to nine (9) withdrawals or transfers out of your High Yield Savings Account during a monthly statement cycle. Read More in FAQs.
‡For purposes of transferring funds, business days are Monday through Friday, excluding holidays. Transfers can be initiated 24/7 via the website or phone, but any transfers initiated after 7:00 PM Eastern Time or on non-business days will begin to be processed on the next business day.
♢Calculations are estimates of expected interest earned. Actual results may vary, based on various factors such as leap years, timing of deposits, rounding, and variation in interest rates. The first recurring deposit is assumed to begin in the second period after any initial deposit.