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When opening an account, what if I don't sign the disclosures?

We are required by law to provide you with certain disclosures and tax documents. In order to apply online, you are required to agree to receive the notices electronically, to acknowledge receipt of them, and to electronically fill out the IRS Form W-9. If you choose to apply by phone, we will mail the disclosures and tax forms to you. We are happy to discuss any questions you may have if you call us at 1-800-446-6307.

Consent Statement
You have a right to receive the Deposit Account Agreement and other disclosures in non-electronic format.  However, if you do not agree to receive them electronically, you may not complete your application online.  Please save your application and call 1-800-446-6307 in order to complete the application process by telephone and mail.

GLBA Privacy Notice
GLBA stands for the Gramm-Leach-Bliley Act of the US Congress, which requires financial institutions to explain their information-sharing practices to customers and to safeguard sensitive customer data.

Deposit Account Agreement
The American Express Savings Deposit Account Agreement, as it may be amended or supplemented by American Express National Bank from time to time, constitutes an agreement between you and American Express National Bank. It establishes the terms and conditions governing the deposit products you have obtained from American Express National Bank. Please read this agreement carefully and download/save or print a copy for your future reference. By clicking the "I AGREE" button online, or by otherwise opening, using or continuing to have your account with us, you agree to the terms of this agreement.

Request for Taxpayer Identification Number (TIN) and Certification Number (Form W-9)
American Express National Bank is required by law to withhold and remit to the IRS a specified percentage of interest paid to your account under certain conditions. To ensure accurate reporting on Form 1099-INT – and to avoid potential backup withholding – you should verify that your correct legal name and taxpayer identification number (TIN) are on file with American Express National Bank by completing and signing the Request for Taxpayer Identification Number and Certification (Substitute Form W-9) contained in the online application or in the Welcome Kit. Your TIN may be in one of the following forms:

• Your Social Security Number (SSN), if the account is in your name and you are either a U.S. citizen or a permanent resident, or otherwise are eligible to receive a SSN from the Social Security Administration
• An Individual Taxpayer Identification Number (ITIN), if you are not eligible to receive a SSN from the Social Security Administration.

Accounts opened over the phone will be subject to backup withholding until American Express National Bank receives a completed and signed New Account Form, which includes the Request for Taxpayer Identification Number and Certification (Substitute Form W-9) mentioned above.



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Accounts offered by American

Express National Bank. Member FDIC. Each depositor is insured to at least $250,000.

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*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 rate referenced is from the FDIC's published Monthly Rate Cap Information for Savings deposit products. Visit the FDIC website for details.


†You are generally permitted to make up to nine (9) withdrawals or transfers out of your High Yield Savings Account during a monthly statement cycle. However, please note that there are strict rules for withdrawing money from an IRA plan (including an IRA High Yield Savings Account) before retirement age without incurring a penalty. 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.


§IRA Contributions are subject to aggregate annual limits across all IRA plans held at American Express or other institutions. IRA distributions may be taxed and subject to penalties based on IRS guidelines. Required minimum distribution, if applicable, is only relevant to this IRA plan and does not take into consideration other IRA plans held at American Express or other institutions. Please see for more information. We recommend you consult with a financial or tax advisor when making contributions to and distributions from an IRA plan account.