That’s right. American Express has now come out with online banking, offering a “High-Yield Savings Account.” This savings account differentiates itself from other savings accounts by offering no fees or minimum balance requirements. And if that isn’t a sweet enough deal, you can also earn 1.30% APY. This high savings account rate is actually one of the highest rates on any savings account in the USA. With the American Express savings account, interest is gained daily and added to your savings account monthly. Initially though, interest payment will be made within thirty days of opening and funding your American Express savings account. Six withdrawals may be made per month without risking closure.

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