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American Express Unveils Business Savings Account with 2.95% APY
American Express has launched its Business Savings account, offering a competitive annual percentage yield (APY) of 2.95%.
The new savings account is part of American Express Business Banking, which consolidates the company's Business Checking and Business Savings products into one application process.
Clients can apply for either or both accounts through a single application, managing them alongside their American Express card products via the Amex App.
The Business Savings account allows transfers via ACH, wire transfers, and check deposits at no additional cost, as well as same-day ACH transfers for a $10 fee.