What bank is American Express/What is American Express (Amex) bank?

07 Mar 2023

American Express is an online-only bank that offers savings accounts and certificates of deposit (CDs) with no minimum deposit or balance requirements and no monthly fees. 

American Express has implemented several security measures to protect your accounts and personal information. Other safeguards include automatic account time-outs, phone security questions, email confirmations of password changes, and other features.

Who Is American Express Bank Best For

Individuals looking for a simple high-yield savings account should consider American Express Bank. It is especially beneficial for customers who want to:

• Earn competitive interest rates with a high-yield savings account.
• Be supplemented without having to worry about minimum balances or monthly fees.
• They can access their accounts online at any time.

What Does American Express Bank Offer

1. Savings account
2. CDs
3. Credit cards

How American Express National Bank Stacks Up

Some online services and products from other banks are not available at American Express National Bank. There are no checking or money market account options, so it isn't the best online bank for an all-in-one personal banking solution. If you enjoy the convenience of banking through a mobile app, you'll have to look elsewhere.

If you only care about having an account that earns interest quickly at a higher rate, an American Express personal savings account is a great option. You don't have to limit yourself to using American Express because you can connect it to other bank accounts.

Read more: 

Types of payment gateway.

Benefits of online payment gateway.

American Express (Amex) payment gateway.