American Express: Savings Account, CDs & Rates
Mission: Banksparency aims to make American Express' deposit accounts transparent and comparable to the market.
Analysis of American Express
Our verdict
CD Analysis
American Express offers CDs paying up to 4.25% APY on its 10 months term, across 10 term lengths.
Tracking 10 active CD products, useful for locking in today's rate before further moves at the Fed.
- Best CD use: locking in 4.25% APY for a 10 months term and laddering across multiple maturities.
American Express also offers High Yield Savings Account, a high-yield savings account paying 3.00% APY with no minimum deposit.
At 3.00% APY, American Express pays 8x the national savings average of 0.38%.
Ideal User Profile
- Best for: simple saving without extra requirements, banking without needing a branch, and quick transfers with Zelle.
Key Differentiators
- Stands out with top-rated iOS app (4.9), Zelle for instant transfers.
Savings Overview
High Yield Savings Account
| Min. Deposit | $0 |
| Min. Balance | $0 |
| Maintenance Fee | $0 |
Market Reality Check
This institution offers rates below the top 10 savings and money market accounts we track. Those institutions all pay at least 4.01% APY.
Bank Overview
- HQ LocationSandy, UT
- AffiliationThe American Express Company (NYSE: AXP). Accounts offered by American Express National Bank.
- Ratings & Trust
- Zelle® SupportAvailableRequires Amex Rewards Checking; not available for standalone HYSA.
- Deposit InsuranceFDIC Insured(Cert: 27471)
Top Market Contenders
Savings Account: In-Depth View
Savings Account Offered by American Express
| Feature | High Yield Savings Account |
|---|---|
APY | 3.00%Verified: 8/21/2026 |
APY Trend | Rate Adjusted -0.10% Since 90 days ago |
Min. Deposit | $0 |
Min. Balance | $0 |
Monthly Fee | $0 |
Direct Deposit | None |
Checking Bundle | No |
In-Branch Access | No |
Compounding | Daily |
FDIC Insured | Yes |
Eligibility | United States |
| Next Steps | - |
Interactive Tool
Calculate Savings for American Express
All calculations are based on APY.
Savings Breakdown
- Interest Earned+$1,161.10(7.7%)
- Total Contributions$13,000
- Initial Deposit$1,000
Projected Balance
$15,161.10
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
American Express Savings Rates Over Time
Historical APY Insights
Last 12 Months| Metric | High Yield Savings Account |
|---|---|
Latest APY | 3.00% |
Trend | Sideways |
Slope (bps/mo) | -4.9 |
Rate Changes / Mo | 0.41 |
Days Since Last Change | 42 |
High (-12m) | 3.50% |
Low (-12m) | 3.00% |
Draw-down | -14.3% |
Volatility (CV) | 0.029 |
How to read these metrics▼
Trends & Velocity
- Trend
- The general direction of the rate over the analyzed period. Useful for spotting if a bank is currently aggressive or pulling back.
- Slope (bps/mo)
- Speed of change. A high positive number means they raise rates quickly. 10 bps = 0.10%.
- Rate Changes / Mo
- "Twitchiness." High frequency means the rate changes constantly; low frequency means it's stable.
Risk & Range
- High/Low
- The absolute ceiling and floor of the rate during the 363-day window.
- Volatility Score
- Lower is better for predictability. It indicates how wildly the rate swings relative to its average.
- Days Since Change
- If this number is high (e.g., >90), the rate is very sticky. If low, it changed recently.
Why track this? Understanding volatility helps you avoid "bait-and-switch" rates. A steady, rising slope is ideal; high volatility often signals a temporary teaser rate.
Compare with American Express
| Feature | Current View American Express | Empty Slot |
|---|---|---|
| Product | High Yield Savings Account | - |
APY | 3.00%Verified: 8/21/2026 | - |
APY Trend | N/A | - |
| Min. Deposit | $0 | N/A |
| Monthly Fee | $0 | - |
Direct Deposit | No | - |
Checking Bundle | No | - |
| In-Branch Access | No | - |
| Eligibility | United States | - |
Compounding | Daily | - |
FDIC or NCUA Insured | Yes | - |
| Next Steps | - | - |
Bank-to-Bank Comparisons
Compare American Express' APY of 3.00% with other banks
CD Overview
CD Products Offered by American Express
| Feature | 10-Month CD 10 months | 11-Month CD 11 months | 12-Month CD 12 months | 14-Month CD 14 months | 18-Month CD 18 months | 22-Month CD 22 months | 24-Month CD 24 months | 36-Month CD 36 months | 48-Month CD 48 months | 60-Month CD 60 months |
|---|---|---|---|---|---|---|---|---|---|---|
APY | 4.25%Verified: 8/20/2026 | 3.25%Verified: 8/20/2026 | 3.25%Verified: 8/20/2026 | 3.25%Verified: 8/20/2026 | 3.00%Verified: 8/20/2026 | 3.75%Verified: 8/21/2026 | 3.00%Verified: 8/21/2026 | 2.25%Verified: 8/21/2026 | 2.25%Verified: 8/20/2026 | 3.00%Verified: 8/21/2026 |
Term | 10 months | 11 months | 12 months | 14 months | 18 months | 22 months | 24 months | 36 months | 48 months | 60 months |
Min. Deposit | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
Early Withdrawal | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
FDIC Insured | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes |
Notes | Early withdrawal penalty: 90 days interest (CD terms under 12 months), per page FAQ. | Early withdrawal penalty: 90 days interest (CD terms under 12 months), per page FAQ. | Early withdrawal penalty: 270 days interest (CD terms of at least 12 months but less than 48 months), per page FAQ. | Early withdrawal penalty: 270 days interest (CD terms of at least 12 months but less than 48 months), per page FAQ. | Early withdrawal penalty: 270 days interest (CD terms of at least 12 months but less than 48 months), per page FAQ. | Early withdrawal penalty: 270 days interest (CD terms of at least 12 months but less than 48 months), per page FAQ. | Early withdrawal penalty: 270 days interest (CD terms of at least 12 months but less than 48 months), per page FAQ. | Early withdrawal penalty: 270 days interest (CD terms of at least 12 months but less than 48 months), per page FAQ. | Early withdrawal penalty: 365 days interest (CD terms of at least 48 months but less than 60 months), per page FAQ. | Early withdrawal penalty: 540 days interest (CD terms of 60 months or more), per page FAQ. |
American Express CD Rates Over Time
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