High Yield Savings
CDs
SupportHow Can I Deposit or Withdraw Money?
It’s easy to deposit or withdraw money from an American Express Savings Account, with a number of different methods available.
How to Deposit or Withdraw Money Into an American Express Savings Account
American Express National Bank does not have retail locations. This means that in order to withdraw or transfer money, all you need is the information for your external account (the account and routing numbers). From there, you can link it to your Savings account. Once that’s done, you will be able to deposit or withdraw money in the following ways:
1. Logging Into Your Account -
Start by logging into your American Express Savings Account. From there, you can click on “Make a Transfer” to either deposit or withdraw money from your account.
2. Using the Mobile App -
Customers can also transfer funds and even make a mobile check deposit using the American Express® App.
3. Setting Up Direct Deposit
Customers can also set up direct deposit with their employer or for Federal payments using their account and routing numbers.
4. Sending Checks By Mail -
You can also send or receive a check via mail. Call us at 1-800-446-6307 to request a check for a withdrawal. For deposits, you may write a check made out to American Express National Bank. Be sure to include your Savings account number on the memo line. You can then mail the check to the following address:
American Express National Bank
P.O. Box 30384
Salt Lake City, Utah 84130
What Are Withdrawal Limits for Savings Accounts?
You can take money out of your savings account. However, some banks may limit the number of transactions that you’re able to make per month. If you go over the limit, the bank may charge a fee. Different transactions may count towards your bank’s limit, including wire transfers, withdrawals, and more. This will vary, however, depending on the bank. Be sure to check with your financial institution to learn more.
Learn More About an American Express High Yield Savings Account
To see about opening an American Express Savings Account, visit: American Express High Yield Savings Account.
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About Savings
What it is, how it works and everything in between.
High Yield Savings Accounts (HYSAs)
Understanding Your Account
Quick links to get you—and keep you—on the right track.
Accessing and Managing Your Account
Transfers, Deposits & Withdrawals
Privacy & Protection
Your savings are safe with us. And so are you.
Accounts offered by American
Express National Bank. Member FDIC. Each depositor is insured to at least $250,000 per depositor, per insured bank, per ownership category.
* 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. Interest Rate and APY of a Certificate of Deposit account is fixed once the account is funded. [There is no minimum balance required to open your Account, to avoid being charged a fee, or to obtain the Annual Percentage Yield (APY) disclosed to you]
** The national rate referenced is from the FDIC's published Monthly Rate Cap Information for Savings deposit products. Visit the FDIC website for details.
1 There is no minimum balance required to open your Account, to avoid being charged a fee, or obtain the Annual Percentage Yield (APY) disclosed to you.
2 The interest rate and Annual Percentage Yield (APY) will be disclosed in your account-opening documents, which you will receive after funding your Account. The interest rate and APY for your CD will be fixed and will either be (i) the rate reflected at application submission or (ii) the rate being offered when your CD is funded, whichever is higher. All CDs must be funded within 60 calendar days from the time we approve your application or will be subject to closure. After the CD is opened, additional deposits 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 Consumer Deposit Account Agreement and Savings Schedules for additional information.
3 For purposes of transferring funds to or from an external bank, 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 processing on the next business day. Funds deposited into your account may be subject to holds. See the Funds Availability section of your Consumer Deposit Account Agreement and Savings Schedules for more information.
4 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.