American Express Launches Personal Savings Accounts
American Express has announced Personal Savings from American Express, a new line of FDIC-insured certificates of deposit and high-yield savings accounts. The Personal Savings deposit accounts are offered by American Express Bank, FSB, a depository institution insured by the Federal Deposit Insurance Corporation (FDIC), and part of the American Express family of companies.
The Personal Savings deposit accounts feature competitive rates, no monthly fees, no minimum balances and 24/7 account access via web or phone, making it easy for consumers to manage their accounts whenever they want, wherever they are. Consumers can also rely on the security of a Personal Savings account from American Express, because all deposits are FDIC insured up to $250,000 per depositor.
Choosing to save with Personal Savings from American Express also means that consumers will enjoy the exceptional customer service they have come to expect from American Express. American Express Company was ranked “Highest in Customer Satisfaction among Credit Card Companies,” for the third consecutive year, by the J.D. Power and Associates in the 2009 Credit Card Satisfaction Study.
"With the consumer savings rate at its highest level in more than a decade, we are pleased to offer new, convenient saving accounts, complete with the customer support that American Express is renowned for,” said Martin Murrell, vice president of Direct Deposits, American Express. “Personal Savings also offers consumers the peace of mind that comes from saving with an established, FDIC-insured institution they can depend on.”
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