American Express® High Yield Savings Account Review: 3.10% APY (Nationwide)

Available nationwide, the American Express® High Yield Savings Account is offering a 3.10% Annual Percentage Yield (APY)* Rate as of 05/19/2026.

Update 6/12/26:

• The rate has decreased to 3.10% APY. For those looking for an account to push and pull large amount of money, this savings account will let you do up to $5M each day!

With no minimum deposit** required and no fees to open or maintain a High Yield Savings account, it’s easy to maximize your savings with American Express. Your money is also FDIC insured, up to $250,000, so you can save with confidence.

*The Annual Percentage Yield (APY) as advertised is accurate as of 05/19/2026. 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.

**There is no minimum balance required to open your Account, to avoid being charged a fee, or to obtain the Annual Percentage Yield (APY) disclosed to you.

American Express® High Yield Savings Account Info

• Learn More at American Express
• Account Type: American Express® High Yield Savings account
• Availability: Nationwide
• Monthly Fee: None
  
• Early Termination Fee: None
  

How To Earn American Express® High Yield Savings Rate

• Gather Your Information
  • For both primary and joint applicants include your:
  • Social Security Number
  • Email Address
  • Home Address
  • Phone Number
  • Date of Birth
  • Account and Routing numbers (primary applicant only)
• Submit Application
  • Choose the High Yield Savings account to open, and apply online or by phone at 1-800-446-6307 anytime.
• Receive Confirmation
  • Get an online and/or email confirmation when your application is approved. Additionally, you will receive an American Express® High Yield Savings Account Welcome Kit in the mail.
• Fund Your Account
  • Fund your account online either by linking your current bank account or by mailing a check. Start earning interest on the business day American Express receives your deposit.

Online Savings Account Features

• Simple and quick application process
• No minimum balance requirement
• Earn interest daily
• Access your account online or by phone 24/7
• No maintenance fees
• Can link to three bank accounts
• Total maximum balance is $5,000,000
• Set up automatic transfers to/from external accounts
• Set direct deposit schedules
• FDIC insured

How To Waive Monthly Fees

• American Express® High Yield Savings Account: No monthly service fees.

Conclusion

Sign up with a new American Express® High Yield Savings account to enjoy earning an outstanding rate. This is a great account for those who need to get started on building their savings.

There are no minimum or monthly balances or fees with this account. I recommend signing up today so you can start maximizing your savings!

Rest assured, your money is FDIC insured. Plus, you’ll have 24/7 access to your account. See our list of Best Bank Rates and Best Bank Bonuses for all other offers!

(FDIC Insured)