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No minimums. No fees. 24/7 customer support.

No minimums. No fees. 24/7 customer support.

High-interest savings accounts help you save more – for whatever you save for.

Put your savings on solid ground and have greater peace of mind with an FDIC insured Personal Savings account from American Express. We're here for you.

American Express has over 170 years of experience in putting the customer first.

No fees + no minimum balance

Whatever your balance, you won’t get charged a fee. With no minimum balance, no deposit is too small.

Superior customer service

Our 24/7 customer service reps are available around the clock by phone.

Member FDIC

Each depositor is insured to at least $250,000 (See FDIC.gov for details). 

Start banking quickly.

 

Transferring money between your Personal Savings account and your external bank account is easy to set up and complete online. So you start saving fast.

 

  1. Apply in minutes. To verify your identification, we’ll use your personal details to check public records – without affecting your credit. 
  2. Register your online savings account after you receive your confirmation email (within minutes of applying).
  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 2 days. Transfers typically take less than 24 hours once linked ‡.

 

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

Start banking now instructions

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Accounts offered by American

Express National Bank. Member FDIC. Each depositor is insured to at least $250,000.

Learn More from FDIC.gov

*The Annual Percentage Yield (APY) as advertised is accurate as of . Interest rate and APY are subject to change at any time without notice before and after a High Yield Savings Account is opened.

 

For a CD account, rates are subject to change at any time without notice before the account is opened. Your rate will be fixed on the business day‡ we receive your completed application, provided we receive your deposit within 30 days after your application is approved. After a CD is opened, additional deposits to the account are not permitted. Early CD withdrawals may be subject to significant penalties which could cause you to lose some of your principal. Please see the Deposit Account Agreement for additional terms and conditions and Truth-in-Savings disclosures.

 

**The national average APY is accurate as of September 21, 2020, as published in the FDIC's Weekly National Rates and Rate Caps; average rate used is for deposits under $100,000.

 

†You may make up to nine (9) withdrawals or transfers out of your High Yield Savings Account during a monthly statement cycle. Read More in FAQs.

 

‡For purposes of transferring funds, business days are Monday through Friday, excluding 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 to be processed on the next business day.

 

♢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.