American Express Savings Account

American Express the credit card issuer that became a bank holding company to last fall during the credit crises is offering a 2.00 annual percentage yield for their High Yield Savings Account.

Deposit accounts are offered through American Express Bank. There are no account minimums or account fees. Interest on the savings account is compounded daily and credited to your account monthly. Deposits are FDIC insured up to $250,000.