You probably know about American Express because of their credit cards, but did you know that they have a banking division—American Express National Bank—that offers bank accounts with competitive annual percentage yields (APYs)?
Founded in 1850, American Express is a financial services company headquartered in New York City. Their banking division is an online-only bank headquartered in Utah, with no physical branch locations. In addition to everyday bank accounts, the bank offers consumer and commercial banking products like personal loans to business checking accounts. All of the bank’s deposit accounts are insured by the Federal Deposit Insurance Corporation (FDIC).
