Available nationwide, the American Express® High Yield Savings Account is offering a 3.60% Annual Percentage Yield (APY) Rate.
Update 5/29/25: The rate has decreased to 3.60% APY (from 3.70%).
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.
American Express® High Yield Savings Account Info
 With the American Express® High Yield Savings Account: • Earn 1.90% APY as of 9/15/22 on your deposits. Your High Yield Savings account earns interest daily and is posted to your account monthly. • Links easily with your current bank accounts. No need to switch banks. • FDIC Insured. Your account is insured to at least $250,000 per depositor. • 24/7 Account Access |
- 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!
Be sure to visit our list of American Express Credit Cards for fanatic credit cards with outstanding perks & benefits!
(FDIC Insured)
