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Open an Online Savings Account Today and Save with Confidence

Earning your money takes work. You can get more out of your savings with an American Express® Personal Savings High Yield Savings Account.

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% APY*
American Express® Personal Savings
National Average

0.09

% APY**

See how our FDIC-insured High Yield Savings Account APY* compares to the national average APY.**

  Learn More

Start Saving Today

  • Personal Savings has no fees or minimums
    No Monthly Fees, No Minimum Balance

    Get a competitive rate, no matter how much you save.

  • Link American Express Personal Savings with your current bank account.
    Links Easily with your Current Bank Accounts

    No need to switch banks.
    Read More in FAQs

  • 24/7 account access via phone or web
    24/7 Account Access

    We are just a call or click away when you need us.

  • FDIC insured
    FDIC Insured
    Read more at FDIC.gov

    Your account is insured to at least $250,000 per depositor.

Personal Savings has no fees or minimums
No Monthly Fees, No Minimum Balance

Get a competitive rate, no matter how much you save.

Link American Express Personal Savings with your current bank account.
Links Easily with your Current Bank Accounts

No need to switch banks.
Read More in FAQs

24/7 account access via phone or web
24/7 Account Access

We are just a call or click away when you need us.

FDIC insured
FDIC Insured
Read more at FDIC.gov

Your account is insured to at least $250,000 per depositor.

American Express Personal Savings

American Express® Personal Savings Works Seamlessly With Your Current Bank Accounts

American Express Personal Savings
  • Easily move money between your current bank accounts and your Personal Savings account.
  • Funds transfers are readily available 24/7. Initiate online or by phone.†
  • Link up to 3 of your current bank accounts.
  • To begin linking your current accounts, all you need are your routing and account numbers. Read More in FAQs

American Express® Personal Savings Works Seamlessly With Your Current Bank Accounts

  • Easily move money between your current bank accounts and your Personal Savings account.
  • Funds transfers are readily available 24/7. Initiate online or by phone.†
  • Link up to 3 of your current bank accounts.
  • To begin linking your current accounts, all you need are your routing and account numbers. Read More in FAQs

A simple way to save with a competitive interest rate

  • Earn interest daily on your American Express Personal Savings account

    Your Personal Savings account earns interest daily and is posted to your account monthly.

  • Set up recurring transfers to your American Express Personal Savings account

    You can easily set up recurring transfers from your current bank accounts to your Personal Savings account.†

  • Let your online savings account grow

    Just deposit your savings and watch it grow.

Earn interest daily on your American Express Personal Savings account

Your Personal Savings account earns interest daily and is posted to your account monthly.

Set up recurring transfers to your American Express Personal Savings account

You can easily set up recurring transfers from your current bank accounts to your Personal Savings account.†

Let your online savings account grow

Just deposit your savings and watch it grow.

Calculate your savings potential

Fund your account, set up recurring transfers, and see your high yield savings grow over a long-term period. Savings calculator is for illustrative purposes only. See below for details.♦

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based on % APY*

Apply for a Savings Account

Getting Started Is Easy

Step 1: Gather Your Information You will need this information for both primary and joint applicants:

  • Social Security Number
  • Email Address
  • Home Address
  • Phone Number
  • Date of Birth
  • Account and Routing numbers (primary applicant only) Read more in FAQs

Step 2: Submit Application Choose the type of account you want to open, either a High Yield Savings account or a Certificate of Deposit, and apply online or by phone at 1-800-446-6307 anytime. Apply Now

Step 3: Receive Confirmation You will receive an online and/or email confirmation when your application is approved. Additionally, you will receive an American Express® Personal Savings Welcome Kit in the mail.

Step 4: Fund Your Account You can fund your online account, either by linking your current bank account or by mailing us a check. Start earning interest on the business day‡ we receive your deposit. Read More in FAQs

Getting Started Is Easy

  • Step 1

    Step 1: Gather Your Information

    You will need this information for both primary and joint applicants:

    • Social Security Number
    • Email Address
    • Home Address
    • Phone Number
    • Date of Birth
    • Account and Routing numbers (primary applicant only) Read more in FAQs
  • Step 2

    Step 2: Submit Application

    Choose the type of account you want to open, either a High Yield Savings account or a Certificate of Deposit, and apply online or by phone at 1-800-446-6307 anytime. Apply Now

  • Step 3

    Step 3: Receive Confirmation

    You will receive an online and/or email confirmation when your application is approved. Additionally, you will receive an American Express® Personal Savings Welcome Kit in the mail.

  • Step 4

    Step 4: Fund Your Account

    You can fund your online account, either by linking your current bank account or by mailing us a check. Start earning interest on the business day‡ we receive your deposit. Read More in FAQs

Frequently Asked Questions

Read More in FAQs
  • Are American Express® Personal Savings accounts related to American Express® Card products?

    American Express Personal Savings accounts are not connected to American Express Card products. The login credentials of the Personal Savings and American Express Card websites are different. 

    Once you open an American Express Personal Savings account, you can use your High Yield Savings Account to pay your American Express Credit Card bills. These payments must be initiated through the Card website.

    Read More in FAQs

  • Do I get an ATM card, a debit card, or checks when I open a Personal Savings account?

    American Express® Personal Savings accounts are not meant for everyday spending. ATM cards, debit cards, or checks are not provided. However, Federal Reserve Regulation D (Reg. D) does allow a maximum of six (6) withdrawals/debits per statement cycle from online high yield savings accounts.

    Read More in FAQs

  • What's the advantage of online banking?

    Online banking is more convenient. Simply by using your computer or mobile smart phone, you can link your current bank account to your Personal Savings account. You don’t need to plan your day around a trip to your bank’s location. You can safely transfer money into your savings from the convenience of your home or while you’re on the go.† If you want to bank smart, speak to a professional Personal Savings representative. You can call us 24/7 at 1-800-446-6307.

  • How can I deposit/withdraw money?

    American Express National Bank does not have retail locations. All you need is the information for your external account (the account and routing numbers) in order to link it to your Personal Savings account. Once that’s done, you simply make all your deposits and withdrawals with online ease.†

    You can also send or receive a check via mail. Call us at 1-800-446-6307 to request a check for withdrawals. For deposits, write a check made out to American Express National Bank, and make sure to include your Personal Savings account number on the memo line. You can then mail the check to:

    American Express National Bank
    P.O. Box 30384
    Salt Lake City, Utah 84130

    Read More in FAQs

  • How long does it usually take to transfer funds online?

    The best method for transferring funds – and having them available to you as soon as possible – is by initiating the transfer on the website of the bank where the funds are currently held. By doing this, you are pushing funds to the destination bank. The funds should appear in 1 to 3 business days‡ (not including the time it takes to link accounts). If you open a High Yield Savings Account with Personal Savings, the fastest way to transfer your funds out of your Personal Savings account and into a checking account would be by initiating the transfer on the Personal Savings site.

    However, if you chose to initiate funds transfer with the bank where you want funds to arrive, you would then be pulling funds. Depending on the destination bank's hold policies, this transfer could take 3 or more business days.‡ If the destination bank is American Express National Bank and you initiated the transfer on the Personal Savings website, then the funds will appear in your account on the 5th business day‡ due to a necessary hold period for due diligence.

    Read More in FAQs

  • Can I open an account for my trust or business?

    Personal Savings does not currently offer trust, IRA, or business accounts. Personal Savings accounts can only be opened in the name or names of individuals. However, after account opening, you may re-title your Personal Savings account in the name of a revocable living trust. Please visit our revocable living trust FAQ page for more information. Personal Savings accounts must be used for personal, family or household purposes only.

Beneficiaries
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Transfer Timing
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Transaction Limitations
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Save with confidence

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FDIC

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

Learn More from FDIC.gov

FDIC

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

Learn More from FDIC.gov

*The Annual Percentage Yield (APY) as advertised is accurate as of XX/XX/XXXX. 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 August 19, 2019, 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 six (6) 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.