American Express Savings Accounts

American Express is offering its customers a way to save money while they spend. They offer a unique credit card that actually puts money into a high yield savings count each time you use it. It is a great way to save money without having to think about it. American Express savings credit cards make it easy to build a savings account.

This special AMEX card allows you to get your savings account off of your mind. Think about how easy it will be to simply use the card and know that money is being deposited into a savings account. Your savings will grow automatically.

The savings account linked to your card is an FDIC-insured account at American Express Bank. The balance of your account is insured up to $100,000. The account offers an annual percentage yield of 5%, which is very competitive. For each purchase you make, you will see 1% of the total deposited into the account.

It is simple to keep track of your savings account. When you receive your monthly credit card statement, you will see a tally of your current savings. You can use your savings account on anything you like, from a family vacation to a shopping spree.

You can even make your own deposits into the high-yield savings account whenever you like. You can send in deposits by mail or online to grow your savings even faster. Best of all, there is no minimum balance required on the savings account. So even if you don’t make additional deposits your account will always be open.

The American Express savings card is worth looking into if you are interested in saving while you spend.



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