American Express is offering 2.00% APY on their High Yield Savings Account. 2.00% APY is very high compared with other national banks.  It even rivals the highest rates offered by any credit unions or online savings banks.  High Yield Savings account are limited to 6 withdrawals per calendar month.

The good thing is that there is no minimum deposit nor any fees associated with the Amex High Yield Savings Account. No monthly service charge fees.