American Express: Savings Accounts & Rates
By Aviel Fahl
Savings rates updated: 11/15/2025
Mission statement: Banksparency aims to make American Express' savings accounts transparent and comparable to those of other banks. .
Note: Interest rates below are reported as APY, or Annual Percentage YieldWe earn a commission if you open an account through some links on this page.
Savings Overview
High Yield Savings Account: 3.50% APY(Rank 71 out of 87 tracked HYSAs)
National Savings Interest Rate: 0.4% (as of 10/20/2025)
Note: The FDIC tracks savings and CD rates nationally, but it does not report APY, only the average interest rate.
(Source: FDIC)Bank Overview
Location: New York, New York
Founded: 1850
Affiliation: The American Express Company (NYSE: AXP). Accounts offered by American Express National Bank.
Access to Branches: None
BBB Rating: F (Not BBB Accredited)
App Store Rating: 4.9/5
Google Play Rating: 3.6/5
Website: Visit American Express
Our Take on American Express
Highlights
- Current APY of 3.50%, unchanged from 30 days ago
- No minimum deposit or balance requirements
- No maintenance fees
- High App Store rating of 4.9
Considerations
- BBB rating of F and not BBB Accredited
- No physical branches available
- Google Play rating of 3.6 is relatively low
- Direct deposit not required, which may limit options
Savings Account: In-Depth View
Savings Account Offered by American Express
| Feature | High Yield Savings Account |
|---|---|
| APY | 3.50% (as of 11/15/2025) |
| APY Trend | Stable for the last quarter |
| Minimum Deposit | $0 |
| Minimum Balance for APY | $0 |
| FDIC-insured | Yes |
| Online Only | Yes |
| Bundled Account | No |
| Direct Deposit Required | No |
| Compound Frequency | Daily |
| Maintenance Fee | $0 |
| Eligibility | United States |
| Sponsored Link | |
No deposit agreement summary available for this bank. | |
Calculate Savings for American Express
High Yield Savings Account (APY: 3.50%)
Total savings breakdown:
- Interest earned: $1,363.3 (8.87%)
- Total contributions: $13,000 (84.62%)
- Initial deposit: $1,000 (6.51%)
Your total balance
$15,363.30
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
| Metric | High Yield Savings Account |
|---|---|
| Latest APY | 3.50 % |
| Trend | Sideways |
| Slope (bps/mo) | -3.3 |
| Rate Changes / Mo | 0.30 |
| Days Since Last Change | 116 |
| High (-10 m) | 3.80 % |
| Low (-10 m) | 3.50 % |
| Draw-down from High | -7.9 % |
| Volatility (CV) | 0.028 |
APY Insights Glossary
- Latest APY
- Most recent advertised annual-percentage yield.
- Trend
- Direction over the last 10 months (regression slope).
- Slope (bps/mo)
- Average monthly change; 10 bps = 0.10 pp.
- Rate Changes / Mo
- Typical number of APY moves per month.
- Days Since Last Change
- Recency of the latest APY adjustment.
- High (-10 m)
- Highest APY in the last 298 days.
- Low (-10 m)
- Lowest APY in the last 298 days.
- Draw-down from High
- How far today sits below the 10-month peak.
- Volatility (CV)
- Coefficient of variation = stdev ÷ mean.
Why Track Savings-Account APYs?
- See how quickly a bank reacts to Fed moves or competition.
- Gauge “twitchiness” - frequent moves can annoy savers.
- Spot if you're buying near a peak (draw-down) or riding a rise.
- Slope (bps/mo) shows speed of change.
- Volatility (CV) scales jumps by average level.
Compare American Express' Savings Account
- Affirm - 3.60% APY
- All America Bank - 1.50-3.25% APY
- Ally Bank - 3.30% APY
- Amalgamated Bank - 2.25% APY
- Ameriprise Bank - 3.15-3.15% APY
- Axos Bank - 4.51% APY
- Bank5 Connect - 3.85% APY
- Bank of America - 0.01% APY
- Barclays - 3.90-4.10% APY
- Bask Bank - 3.90% APY
- Betterment - 3.50% APY
- BMO Alto - 3.25% APY
- Bread Savings - 4.20% APY
- BrioDirect - 4.00% APY
- Capital One - 3.40% APY
- Carver Bank - 4.00% APY
- Charles Schwab Bank - 0.15% APY
- Chase Bank - 0.01% APY
- Chime - 1.00-3.50% APY
- CIBC Bank USA - 3.92% APY
- CIT Bank - 0.25-3.85% APY
- Citibank - 3.35% APY
- Citizens Access™ - 3.35% APY
- Colorado Federal Savings Bank - 4.05% APY
- ConnectOne Bank - 3.60% APY
- Customers Bank - 3.73% APY
- Discover Bank - 3.40% APY
- Elevault - 4.08% APY
- E*TRADE from Morgan Stanley - 3.75% APY
- EverBank - 4.05% APY
- Evergreen Bank Group - 4.25% APY
- First Foundation Bank - 4.00% APY
- Fitness Bank - 4.75% APY
- Flagstar Bank - 3.65% APY
- FNBO Direct - 3.00% APY
- Forbright Bank - 4.00% APY
- FVCbank - 3.85% APY
- GO2bank - 4.50% APY
- High Plains Bank - 0.23-3.82% APY
- Ivy Bank - 0.05-4.25% APY
- Jenius Bank - 4.20% APY
- LendingClub - 3.20-4.20% APY
- Live Oak Bank - 3.90% APY
- Marcus by Goldman Sachs - 3.65% APY
- MutualOne Bank - 4.07% APY
- My Banking Direct - 4.02% APY
- MySavingsDirect - 3.75% APY
- Neighbors Bank - 4.50% APY
- Newtek Bank - 4.35% APY
- Northeast Bank - 3.00% APY
- OMB Bank - 1.00% APY
- Openbank - 4.20% APY
- Peak Bank - 4.20% APY
- Pibank - 4.60% APY
- PNC - 3.53% APY
- Poppy Bank - 4.00% APY
- Popular Direct - 4.00% APY
- Presidential Bank - 3.75-4.25% APY
- Prime Alliance Bank - 3.90% APY
- Primis Bank - 3.85% APY
- Quontic Bank - 3.75% APY
- RBMAX - 3.90% APY
- Rising Bank - 3.95% APY
- ROGER - 3.87% APY
- Salem Five Direct - 3.71% APY
- Sallie Mae Bank - 3.90% APY
- Santander Bank - 0.01% APY
- SmartyPig - 3.90% APY
- SoFi Bank - 4.30% APY
- Synchrony Bank - 3.80% APY
- TAB Bank - 3.80% APY
- TD Bank - 0.05-2.75% APY
- The State Exchange Bank - 3.96% APY
- TIMBR - 4.40% APY
- UFB Direct - 3.51-3.71% APY
- Upgrade - 3.05% APY
- Valley Direct - 4.10% APY
- Varo Bank - 2.50-5.00% APY
- Vio Bank - 4.21% APY
- Wealthfront - 3.50-4.15% APY
- Wells Fargo - 0.05-0.05% APY
- Western Alliance Bank - 4.05% APY
- Zynlo Bank - 4.20% APY
| Feature | American Express | Select a bank... |
|---|---|---|
| Product | High Yield Savings Account | N/A |
| APY | 3.50% (as of 11/15/2025) | N/A |
| Bundled Account | No | N/A |
| FDIC-insured | Yes | N/A |
| Online Only | Yes | N/A |
| Compound Frequency | Daily | N/A |
| Minimum Deposit | $0 | N/A |
| Minimum Balance for APY | $0 | N/A |
| Maintenance Fee | $0 | N/A |
| Direct Deposit Required | No | N/A |
Bank-to-Bank Comparisons
Compare American Express' APY of 3.50% 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
Synchrony Bank
High Yield Savings: 3.80% APY
Minimum Deposit: $0
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Peak Bank
Envision High Yield Savings: 4.20% APY
Minimum Deposit: $100
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Citizens Access™
Citizens Access® Savings: 3.35% APY
Minimum Deposit: $0.01
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EverBank
Performance Savings: 4.05% APY
Minimum Deposit: $0
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All America Bank
Super Savers MMDA: 3.25% APY
Minimum Deposit: $2,500
Regular Savings: 1.25% APY
Minimum Deposit: $50
SoFi Bank
SoFi Savings: 4.30% APY
Bundled Savings & Checking Account
Minimum Deposit: $0
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Fitness Bank
Fitness Elite Checking & Fitness Savings Combo: 4.75% APY
Bundled Savings & Checking Account
Minimum Deposit: $100
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Fitness Savings Account: 4.45% APY
Minimum Deposit: $100
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TIMBR
Premium Savings Account: 4.40% APY
Minimum Deposit: $1,000
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High Plains Bank
High Yield Savings Account: 3.82% APY
Minimum Deposit: $25
Ameriprise Bank
Savings Account: 3.15% APY
Minimum Deposit: $100
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SmartyPig
SmartyPig Account: 3.90% APY
Minimum Deposit: $0
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Wealthfront
Cash Account: 4.15% APY
Minimum Deposit: $0
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