American Express National Bank Review 2026
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At a glance
Overview
American Express National Bank is convenient for AmEx credit card customers who’d prefer to visit one website to manage multiple financial accounts. While the bank doesn’t offer a money market account, its full suite of products offering high yields, including CDs, checking and savings accounts, makes it easy to bring your banking under one roof. The checking account earns rewards for purchases, although it’s only available to those who have had an American Express card for at least 35 days.
Highlights:
24/7 Customer Service Low Min Deposit No Monthly FeesHighlights:
CDs
Savings
Customer Experience
Offers featured here have been sponsored which impacts how, where, and in what order the products appear. Not all offers are displayed on this page.
These are sponsored offers rated highly by us for competitive rates, fees, and minimums.
APY, or annual percentage yield, is the yearly return on a bank or investment account.
APY, or annual percentage yield, is the yearly return on a bank or investment account.
Bankrate Savings rating = 4.6/5
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.
APY, or annual percentage yield, is the yearly return on a bank or investment account.
APY, or annual percentage yield, is the yearly return on a bank or investment account.
Bankrate Savings rating = 4.5/5
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.
APY, or annual percentage yield, is the yearly return on a bank or investment account.
APY, or annual percentage yield, is the yearly return on a bank or investment account.
Offers featured here have been sponsored which impacts how, where, and in what order the products appear. Not all offers are displayed on this page.
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.
APY, or annual percentage yield, is the yearly return on a bank or investment account.
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.
APY, or annual percentage yield, is the yearly return on a bank or investment account.
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.
APY, or annual percentage yield, is the yearly return on a bank or investment account.
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.
APY, or annual percentage yield, is the yearly return on a bank or investment account.
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.
APY, or annual percentage yield, is the yearly return on a bank or investment account.
American Express National Bank pros and cons
Pros
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American Express customers can easily access credit card and bank accounts in one place.
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There are no minimum deposit requirements for CDs, the savings accounts or the checking account.
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The checking account pays a competitive APY, and account holders earn points for qualifying debit card purchases.
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Customer support available 24/7.
Cons
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The checking account is only available to customers who have had an American Express credit card or other qualifying account.
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No bank branches available.
AmEx Bank products
American Express National Bank High Yield Savings Account
Pros
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No monthly fee or minimum balance requirement.
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Solid APY, but behind the best accounts on offer.
Cons
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To be eligible for the account, you must have an American Express credit card or savings or CD account.
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There isn’t a way to make cash deposits into American Express savings accounts.
There are a number of benefits to stashing your savings with American Express — especially if fees and minimum balances are a concern. And while the APY you can earn with AmEx isn't the absolute top of what's available, it's still well above the national average APY.
The one major drawback to be aware of is that you won't be able to deposit cash in your AmEx savings account. While some banks — digital and otherwise — provide the ability to deposit cash via an ATM or teller, this service isn't available with AmEx.
Rate history for AmEx's Savings account
See how rates for this account have changed over time. Interact with the trend lines to view APY by date.
American Express National Bank CD
Pros
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No minimum deposit is required.
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CD terms ranging from 10 months to five years.
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Most terms have solid yields.
Cons
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No special types of CDs, such as penalty-free or bump-up terms, are available.
Much like its savings offerings, AmEx's CDs are solid through and through. The biggest flaw in its product line up is the distinct lack of specialty CDs, but even that isn't a huge drawback if you're looking for a simple certificate to earn interest that outpaces national averages for over a little under a year all the way up to five years.
Rate history for AmEx's CD accounts
See how rates for this account have changed over time. Select the CD term length from the dropdown and interact with the trend lines to view APY by date.
American Express National Bank Rewards Checking Account
Pros
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There is no minimum balance requirement for the Rewards Checking account.
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The account earns a comparatively high yield.
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Account holders can earn rewards points for making qualifying debit card purchases.
Cons
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To be eligible for the account, customers need to have had an American Express card for at least three months.
While its savings and CD offerings are fairly solid, AmEx's checking account really stands above others. This is because it is an account that has both rewards and a comparatively high yield without a minimum balance or monthly fees that might eat into the added value.
Exclusivity is the main drawback — namely, you can't get a checking account with AmEx unless you have a credit card with the company or a qualifying account.
Customer experience
Customer service hours. American Express National Bank doesn't have any branch offices. You can, however, reach someone at the bank 24 hours a day, seven days a week by phone.
High customer satisfaction. American Express ranked only second to Charles Schwab Bank among online banks among checking and savings providers, according to J.D. Power’s 2026 Direct Banking Satisfaction Study.
Digital experience
Highly rated mobile app. The American Express mobile app receives almost perfect marks from Apple and Google Play users. The iOS app alone has more than 4 million user ratings. Users report that the app is easy to navigate, including a Bankrate staff member who uses American Express personally.
You can easily transfer money from other accounts into the AmEx account, and you can link AmEx credit cards so that you can see both banking and credit activity. You can also send money to any Venmo or PayPal user right in the app.
How American Express National Bank compares to other banks
Compare different account types offered by American Express National Bank. Annual percentage yields (APYs) shown were updated between Nov. 1, 2026 and Nov. 7, 2026.
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Selected bank
American Express National Bank savings account
Bankrate score
4.4
Bankrate Savings rating = 4.4/5 Bankrate scores are objectively determined by our editorial team. Annual percentage yields (APYs), minimum opening deposit requirements and minimum balances to avoid monthly service fees are some of the things that make up Bankrate’s score. |
Most comparable
Barclays Bank savings account
Bankrate score
4.3
Bankrate Savings rating = 4.3/5 Bankrate scores are objectively determined by our editorial team. Annual percentage yields (APYs), minimum opening deposit requirements and minimum balances to avoid monthly service fees are some of the things that make up Bankrate’s score. |
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Bankrate score
Bankrate Savings rating Bankrate scores are objectively determined by our editorial team. Annual percentage yields (APYs), minimum opening deposit requirements and minimum balances to avoid monthly service fees are some of the things that make up Bankrate’s score. |
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APY
APY, or annual percentage yield, is the yearly return on a bank or investment account. APY includes the effects of compounding interest. APYs last updated between Nov. 1, 2026 and Nov. 7, 2026.
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| 3.20% | 3.50% | |
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Minimum balance for APY
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| $0.00 | $0.00 | |
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Estimated earnings
Interest earned calculation based on a $50,000 deposit amount for a period of 1 year and is rounded to the nearest dollar. Exact earnings are dependent on calendar year, balance, and compounding frequency. Minimum deposit rules may apply.
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| $1,600 | $1,750 | |
| American Express National Bank offers a competitive yield on its High Yield Savings Account. The account doesn’t require a minimum opening deposit. The account also doesn’t have a monthly service fee or minimum balance requirements to worry about. | The Barclays Tiered Savings Account offers a competitive yield on all balances. You don’t need a minimum deposit to open an account and like at most online banks, you won’t pay a monthly maintenance fee. | |
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N/A
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N/A
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APY offering:
3.20%
4/5
APY, or annual percentage yield, is the yearly return on a bank or investment account. APY includes the effects of compounding interest.
Minimum deposit for APY:
$0.00
5/5
The minimum deposit amount a financial institution requires in order to open a savings account.
Monthly service fee:
$0.00
5/5
A monthly charge a financial institution deducts from an account; can sometimes be waived if certain requirements are met.
Minimum balance to avoid fee:
$0.00
5/5
The lowest balance an account must maintain to avoid a monthly fee.
Access to funds:
Great
5/5
Access to funds scores how many and which ways you can withdraw and deposit funds from a savings account.
Additional savings tools:
No
0/5
Additional savings tools include features such as sub-accounts, roundup savings or other automatic savings features.
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APY offering:
3.50%
4/5
APY, or annual percentage yield, is the yearly return on a bank or investment account. APY includes the effects of compounding interest.
Minimum deposit for APY:
$0.00
5/5
The minimum deposit amount a financial institution requires in order to open a savings account.
Monthly service fee:
$0.00
5/5
A monthly charge a financial institution deducts from an account; can sometimes be waived if certain requirements are met.
Minimum balance to avoid fee:
$0.00
5/5
The lowest balance an account must maintain to avoid a monthly fee.
Access to funds:
Average
4/5
Access to funds scores how many and which ways you can withdraw and deposit funds from a savings account.
Additional savings tools:
No
0/5
Additional savings tools include features such as sub-accounts, roundup savings or other automatic savings features.
|
APY, or annual percentage yield, is the yearly return on a bank or investment account. APY includes the effects of compounding interest.
The minimum deposit amount a financial institution requires in order to open a savings account.
A monthly charge a financial institution deducts from an account; can sometimes be waived if certain requirements are met.
The lowest balance an account must maintain to avoid a monthly fee.
Access to funds scores how many and which ways you can withdraw and deposit funds from a savings account.
Additional savings tools include features such as sub-accounts, roundup savings or other automatic savings features.
Bankrate does not currently track additional product details for this bank.
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