On June 1st American Express launched their first range of deposit holding products that don't involve signing up for a credit card.  Coming out of the gate with a High-Yield Savings account and an assortment of CDs ranging in terms from 3 to 60 months, American Express is seeing to it that their rates were competitive.  With a 2.00% APY for their savings, they are neck and neck with other competitive banks such as Ally at 2.05% APY.