American Express High Yield Savings

Grow your money with a High Yield Savings Account

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

Competitive APY

6x higher than the national rate³

Earns Daily Interest

Interest is compounded daily and credited to your account monthly

No Monthly Fees⁴

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

24/7 Customer Support

Bank confidently with world-class customer service from American Express

Apply for an Account in minutes

  1. 1

    Complete an Application

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

  2. 2

    Register your online account

    after you receive your confirmation email.

  3. 3

    Sign in and fund your new Account

    by depositing a check using your mobile phone⁶, transferring funds from an American Express® Rewards Checking account or linking to your current bank⁷. Linking an external account can take up to two days. Or you may also mail a check.

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 saving with a HYSA account. Learn More

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.⁸ Seamlessly manage all your personal American Express® Card and Amex bank accounts on the go.

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

Accounts offered by American Express National Bank. Member FDIC.

Frequently Asked Questions

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

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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 7/8/2026. Interest rate and APY are subject to change at any time without notice before and after a High Yield Savings Account is opened. Interest Rate and APY of a Certificate of Deposit account is fixed once the account is funded.
  • 3 The national rate referenced is from the FDIC's published monthly National Rates and Rate Caps information for Savings deposit products in the $0–$2,500 deposit tier. Visit the FDIC website for details.
  • 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 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.
  • 6 Mobile Check Deposit is subject to deposit limits and other restrictions, which may change in the future. Please see the American Express® Savings Mobile Deposit Agreement at https://go.amex/savingsmcdterms for details and for information about when funds deposited through Mobile Check Deposit are made available. Mobile data rates may apply.
  • 7 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 digitally or may be made by phone (transfers are not available by phone between 7:00 PM and 11:59 PM), 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.
  • 8 The American Express® App and app features are available only for eligible accounts in the United States. American Express® prepaid Cards and Cards issued by non-American Express issuers are not eligible. To log in, customers must have an American Express user ID and password or create one in the app.