Published on May 7th, 2019 | by Chuck11
American Express Looking to Develop a High-Yield Business Savings Account
Reddit user cowsareverywhere got a pop up in their login about an upcoming American Express business savings account product, slated to launch with a 2.10% APY rate. That’s the same rate American Express currently offers in their personal savings account. It’s competitive, though not the best rate out there.
Main thing interesting here is that people often ask for high-yield business accounts. In fact, we added a section to our High-Yield Savings Account post with business options. Unfortunately, there are only a few options available, currently, so this is a welcome move if/when it happens. It’s also very much in line with American Express’s focus on business customers.