Some features of an American Express Savings account include
-
No Minimum Balance
-
No ATM/Debit Card Provided
-
No Checks Provided
-
No Monthly Fees
-
Can Link To Primary Bank Account
-
FDIC Insured To $250,000
The American Express savings account is a great online plan that works for people who don’t need to have access to a physical location. The rates are higher than many others and AMEX offers one of the few savings plans without a minimum balance to receive the higher interest rate. Overall, we would recommend the American Express savings account to someone who is starting out with a savings plan, but would still like to have their money recoup inflation.