American Express Bank, FSB is an Internet bank and has no physical branches. It operates as a subsidiary of the American Express Company. The Bank has over $38 billion in deposits and $32 billion in loans. It was established in 2000 and employs over 290 people.
High Yield Savings Account
>Annual Percentage Yield (APY): 1.55%
>No monthly maintenance fees
>No minimum balances to open
(You only need $1 to open an account)
>Deposits are FDIC insured
24/7 Account Access by phone or web
> High Yield Savings Account is fully protected by the Federal Deposit Insurance Corporation (FDIC).
>American Express High Yield Savings Accounts are limited to a maximum of 6 online and telephone withdrawals or debits per monthly statement cycle.
Also Read: CIT Bank history and review.
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