IRA High Yield Savings

No monthly fees and no minimum balance1 make our IRA High Yield Savings a good place to start your retirement savings journey.

Open your Traditional or Roth IRA Plan5 and save with an IRA High Yield Savings Account.

Your Retirement Savings – Flexibility to Fund Your Future

Simple transfers add up

Deposit whenever and whatever your budget allows, up to the annual IRS limit.

Compounding daily, depositing quarterly

Your interest compounds daily and is deposited in your account quarterly.

Quarterly statements, your way

Digital statements are the online way, but we’re happy to mail your statements if you prefer.

Adjust the savings calculator to see the potential value of your nest egg over time.





No minimum required


10 Years

Annual Deposit


Start your IRA Savings journey today.5

  1. When you’re ready to get started, open an IRA in minutes with our easy online application.
  2. Create Online Access and Log In to fund your new IRA by linking your current bank, or mailing a check, and submitting the appropriate contribution form.
  3. Watch for your Welcome Kit to arrive in 7-10 business days with additional account detail for your records.

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


Before opening an IRA Plan, we recommend you consult with your tax advisor.

Start your IRA Savings journey today.

How To Fund Your IRA Savings Plan

How much can I contribute to my IRA each year?


Fund your IRA online by linking an external bank account and making a transfer into your account or by sending in a check with a contribution form.

Rollovers & Transfers

Move money from another retirement plan or transfer an IRA from another financial institution into one of our IRAs easily, by submitting the appropriate form to our customer service team.

IRA Basics

What is an IRA and how does it work? An IRA – which stands for Individual Retirement Arrangement– is an account you open at a qualified financial institution that allows you to save for retirement in a tax-advantaged way.

Amex Savings IRA benefits

Retirement savings simplified

Your high-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

* 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. 


** The national rate referenced is from the FDIC's published Monthly Rate Cap Information for Savings deposit products. Visit the FDIC website for details.


1 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.


For a CD account, rates are subject to change at any time without notice before the account is funded. The rate received will either be (i) the rate reflected during your application process or (ii) the rate being offered when your CD is funded, whichever is higher. All CDs must be funded within 60 calendar days from the time we approve your application or will be subject to closure. The interest rate and Annual Percentage Yield (APY) will be disclosed in your account-opening documents, which you will receive after completing your account-opening deposit. 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 Consumer Deposit Account Agreement and Savings Schedules for additional terms and conditions.


3 For purposes of transferring funds to or from an external bank, 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 processing on the next business day. Funds deposited into your account may be subject to holds. See the Funds Availability section of your Savings Schedules for more information.


4 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.


5 IRA Contributions are subject to aggregate annual limits across all IRA plans held at American Express or other institutions. IRA distributions may be taxed and subject to penalties based on IRS guidelines. Required minimum distribution, if applicable, is only relevant to this IRA plan and does not take into consideration other IRA plans held at American Express or other institutions. Please see for more information. We recommend you consult with a financial or tax advisor when making contributions to and distributions from an IRA plan account.