Just be sure you’re OK doing your banking entirely online with no access to physical branches. With a checking account, you can also earn Membership Rewards points on your debit card purchases, albeit at a lower rewards rate than most Amex credit cards.Īll said, American Express National Bank is a good way to manage your finances in one place without sacrificing yield - if you have an existing Amex account. To qualify for a checking account, you must have an American Express consumer credit card that’s been active for at least three months.Īnnual percentage yields for Amex’s savings account and certain CD terms are competitive - although not the absolute highest you can find - and its checking account has a decent yield with no fees and no hoops to jump through like some other high-yield checking accounts. The bank offers savings accounts, checking accounts and certificate of deposit, or CD, accounts.
American Express National Bank is an FDIC-insured online bank unit of American Express, which is best known for its consumer and business credit cards.
