Amex Expands Business Banking with High-Yield Savings Account

American Express has expanded its banking offerings for businesses with the launch of a new high-yield savings account. The American Express Business Savings account is designed to help businesses earn more on their deposits and manage their finances in one place.

The company plans to introduce a new way for Graphite Business Cash Unlimited Card Members to redeem Reward Dollars for deposits into their American Express Business Checking accounts later this year.

American Express will also roll out a new payroll solution powered by Gusto with AI-powered insights coming early next year, further expanding its Amex Business Membership strategy.