IRA High Yield Savings

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

Open your Traditional or Roth IRA Plan§ 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, especially when you make the annual deposit allowable by the IRS.





No minimum required


10 Years

Annual Deposit


Start your IRA Savings journey today.§


  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.

Build Your Nest Egg

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.

Learn More from

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


‡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.


§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.