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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.