Wouldn't it be nice if saving money were as easy as spending it? When you make a purchase with the Card, American Express will contribute funds directly into an FDIC-insured High-Yield Savings Account that's automatically opened in your name when you receive your Card.
No Pre-Set Spending Limit
Get $50 after your first purchase
5% APY on High-Yield Savings Account
Never pay interest on new purchases
The Savings AcceleratorSM Plan contributes 1% of eligible purchases into an FDIC-insured High-Yield Savings Account in your name