For those who are asking about the American Express savings account requirements, this guide will provide you with all that you need regarding these requirements.
Access to savings accounts in the States is no big deal since there are various savings products at various banks, and these savings accounts accommodate everyone irrespective of age and financial status.
You can visit any bank for a savings type that suits your needs once you are acquainted with all the requirements involved.
American Express, aside from its card products, offers other banking and retail services, like operating a business account and a savings account.
Their savings account is an easy-to-go one. Just log on to their website with the requirements.
Now let’s proceed to the American Express account requirements.
American Express Savings Account Requirements
The following outlines the requirements for an American Express Savings account:
- Applicant’s full name as it appears on official documents
- Date of Birth
- Residential address in the U.S.
- Social Security Number (SSN) or Tax ID number
- Minimum initial deposit. There is no fixed amount as of now. However, make sure you do not exhaust the 60 days period you have to fund the account once you open it.
- Other requirements like a state-issued I.D. may be requested.
Apart from these requirements, the following are also worth knowing for all applicants;
The American Express savings account is for residents or alien residents with a minimum age of 18 years.
Who To Contact For Help With The American Express Savings Account Requirements
For any help regarding the American Express savings account, contact their 24/7 customer support center.
You can use any of these avenues to direct your concerns to them:
Telephone: 1-800-446-6307
Fax: 1-800-542-0779
Postal address: American Express National Bank, P.O. Box 30384, Salt Lake City, Utah 84130.
Website: https://www.americanexpress.com
Savings Account Interest Rate
The interest rate for American Express savings accounts is at a maximum of 0.5% p.a for High Yield Savings Account and a maximum of 1.2% p.a for Certificate Deposit.
The interest rate for American Express savings accounts is calculated daily and credited to the account monthly.
These interest rates are subject to change depending on the interest rate indicators.
For more information, contact American Express at 1-800-446-6307.
Here is where we will end on the American Express savings account.
