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American Express High Yield Savings
FDIC Logo.

FDIC-Insured - Backed by the full faith and credit of the U.S. Government.

Grow your money with a
High Yield Savings Account
at 4.10% APY²

Earn more interest than your average savings account with the convenience you expect from American Express.1
American Express High Yield Savings
FDIC Logo.

FDIC-Insured - Backed by the full faith and credit of the U.S. Government.

Grow your money with a
High Yield Savings Account
at 4.10% APY²

Earn more interest than your average savings account with the convenience you expect from American Express.1

Move Money Online³

Transfer funds, set up auto-deposits, and manage your account online.

No Monthly Fees⁴

No fee to open, no minimum deposit, and no monthly fees.

Interest Compounds Daily

And is deposited into your account monthly.

24/7 Customer Support

The reliability and service you expect from American Express.

Apply for an Account in minutes

  1. 1

    Open a Savings Account

    and we’ll verify your identity – you’ll receive a confirmation email when your Account is opened.

  2. 2

    Register your online account

    after you receive your confirmation email.

  3. 3

    Sign in and fund your new Account

    by linking your current bank or mailing a check. Linking your external account can take up to two days.

See FAQs for further details about the transfer process, or contact us 24/7 with questions.

The Basics of High Yield Savings Accounts

A high yield savings account (HYSA) generally offers higher interest rates than traditional savings accounts. They combine the flexibility of regular deposits and withdrawals with the benefit of earning more on your savings. Learn more about maximizing your savings with an Amex HYSA account. Learn More

A short animation showing how the Amex App combines credit card and checking account features, including account and Membership Reward point balances.
QR code to download the Amex App

Access your Account On the Go

Scan the QR code to download the award-winning
American Express® App on your mobile device.⁷ Seamlessly manage all your personal Amex® Card and Banking accounts on the go.

Let’s start looking ahead.
Your interest earnings are waiting.

Accounts offered by American Express National Bank. Member FDIC. Each depositor is insured to at least $250,000 per depositor, per insured bank, per ownership category. Learn more at FDIC.gov.

Frequently Asked Questions

Have other questions? Get more answers by reviewing our full list of FAQs.

Deposit Account Agreement
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  • 1 The average savings account interest rate is based on the FDIC’s published monthly National Rates and Rate Caps information for Savings deposit products. Visit the FDIC website for details.
  • 2 The Annual Percentage Yield (APY) as advertised is accurate as of 05/01/2024. Interest rate and APY are subject to change at any time without notice before and after a High Yield Savings Account is opened.
  • 3 For purposes of transferring funds to or from an external bank, business days are Monday through Friday, excluding federal holidays. Transfers can be initiated 24/7 via the website or phone, but any transfers initiated after 7:00 PM Eastern Time or on non-business days will begin processing on the next business day. Funds deposited into your account may be subject to holds. See the Funds Availability section of your Consumer Deposit Account Agreement and Savings Schedules for more information.
  • 4 There is no minimum balance required to open your Account, to avoid being charged a fee, or obtain the Annual Percentage Yield (APY) disclosed to you.
  • 5 The national rate referenced is from the FDIC's published monthly National Rates and Rate Caps information for Savings deposit products. Visit the FDIC website for details.
  • 6 Calculations are estimates of expected interest earned. Actual results may vary, based on various factors such as leap years, timing of deposits, rounding, and variation in interest rates. The first recurring deposit is assumed to begin in the second period after any initial deposit.
  • 7 iOS and Android™ only. See app store listings for operating system info.