American Express: Savings Account & Rates
Mission: Banksparency aims to make American Express' savings account transparent and comparable to the market.
Savings Overview
High Yield Savings Account
| Min. Deposit | $0 |
| Min. Balance | $0 |
| Maintenance Fee | $0 |
Market Reality Check
This bank offers rates below the current top tier. The best rates we track are currently above 4.21% APY.
Bank Overview
- HQ LocationNew York, New York
- Founded1850
- 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)
Our Take on American Express
The Good
- Decent APY of 3.30%
- No minimum deposit or balance requirements
- No monthly maintenance fees
- Highly rated iOS app (4.9 stars)
Considerations
- No physical branch access (online only)
- Yield is below current market leaders
The American Express High Yield Savings Account offers a competitive APY of 3.30%. This account has no minimum deposit or balance requirements, and there are no monthly maintenance fees. Additionally, it is highly rated with a 4.9-star iOS app. However, it is important to note that this account is online-only, with no physical branch access, and its yield is below that of current market leaders. There are no promotional terms, tiered rates, or checking account requirements associated with this product.
Top Market Contenders
Savings Account: In-Depth View
Savings Account Offered by American Express
| Feature | High Yield Savings Account |
|---|---|
APY | 3.30%Verified: 1/7/2026 |
APY Trend | 30 days ↘︎ 0.10% 90 days ↘︎ 0.20% |
Min. Deposit | $0 |
Min. Balance | $0 |
Monthly Fee | $0 |
Direct Deposit | None |
Checking Bundle | No |
Branch Access | None |
Compounding | Daily |
FDIC Insured | Yes |
Eligibility | United States |
| Next Steps | - |
Calculate Savings for American Express
Savings Breakdown
- Interest Earned+$1,282.10(8.4%)
- Total Contributions$13,000
- Initial Deposit$1,000
Projected Balance
$15,282.10
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 11 Months| Metric | High Yield Savings Account |
|---|---|
Latest APY | 3.30% |
Trend | Sideways |
Slope (bps/mo) | -3.4 |
Rate Changes / Mo | 0.43 |
Days Since Last Change | 8 |
High (-11m) | 3.80% |
Low (-11m) | 3.30% |
Draw-down | -13.2% |
Volatility (CV) | 0.035 |
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 350-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 | 3.30%Verified: 1/7/2026 | - |
APY Trend | 30 days ↘︎ 0.10% 90 days ↘︎ 0.20% | - |
| Min. Deposit | $0 | - |
| Monthly Fee | $0 | - |
Direct Deposit | No | - |
Checking Bundle | No | - |
| Branch Access | None | - |
| Eligibility | United States | - |
Compounding | Daily | - |
FDIC Insured | Yes | - |
| Next Steps | - | - |
Bank-to-Bank Comparisons
Compare American Express' APY of 3.30% with other banks
Alternatives to American Express
Banks with Higher/Similar Savings APY
For a top list of the highest savings rates, see all HYSA top rates
TAB Bank
TAB Save: 3.61% APY
Minimum Deposit: $1,000
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TIMBR
Premium Savings Account: 4.40% APY
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Affirm
Affirm Money Account: 3.20% APY
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Ally Bank
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SoFi Bank
SoFi Savings: 4.00% APY
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High Plains Bank
High Yield Savings Account: 3.82% APY
Minimum Deposit: $25
Carver Bank
High Yield Savings: 4.00% APY
Minimum Deposit: $5,000
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EverBank
Performance Savings: 3.90% APY
Minimum Deposit: $0
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CIBC Bank USA
Agility™ High-Interest Savings Account: 3.66% APY
Minimum Deposit: $1,000
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ROGER
ROGER Savings: 3.61% APY
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Minimum Deposit: $0
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Colorado Federal Savings Bank
High Yield Savings: 4.00% APY
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Premier Savings: 4.05% APY
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Quontic Bank
High Yield Savings: 3.50% APY
Minimum Deposit: $100
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