Online savings accounts can be a great way to maximize your savings potential. For many, American Express Online Savings is a great choice due to its competitive APYs, high online security, and easy access. Here are some of the biggest benefits of selecting American Express Online Savings for your online banking needs.

Higher-Than-Average APYs
American Express offers high-yield savings accounts with competitive annual percentage yields (APYs). As of May 2020, the rate had risen to 0.90% APY, which is well above the national average of 0.10%. This means that if you put $1,000 into an American Express Savings account, you’d earn $9 in interest, while earning just $1 with a traditional bank savings account. This makes it a great choice for those looking to maximize their savings potential.

High Online Security
Securing your money is of utmost importance while banking online. To that end, American Express offers advanced security features to keep your funds safe. All online transactions are done through secure servers and your data is encrypted to protect your account information. You can also enable two-step authentication whenever you log into your account.

Easy Account Access