American Express vs. Carver Bank
Compare rates, requirements, and features side-by-side to find the best option for you.
| Metric | American ExpressHigh Yield Savings Account Jan 7, 2026 | Carver BankHigh Yield Savings Jan 7, 2026 |
|---|---|---|
| APY | 3.30% | 4.00% |
Est. Earnings | $5,000+$165 $10,000+$330 $25,000+$825 | $5,000+$200 $10,000+$400 $25,000+$1,000 |
Min Deposit | $0 | $5,000 |
Snapshot view. Rates subject to change. | ||
| Features | FDIC InsuredNo MinimumsGreat iOS AppZelle® Supported | FDIC InsuredMod. MinimumGreat iOS AppGreat Android AppZelle® Supported |
Market Reality Check
Both of these banks offer rates below the current top tier. The best rates we track are currently above 4.21% APY.
Comparison Analysis
Comparing American Express vs. Carver Bank
As of American Express offers an APY of 3.30% for its High Yield Savings Account, with a minimum balance of $0, compared to Carver Bank's 4.00% APY for its High Yield Savings account, with a minimum balance of $5,000.
Carver Bank pays $70 more than American Express on a $10,000 balance after one year. American Express pays $330, while Carver Bank pays $400 - an APY advantage for Carver Bank.
Why American Express?
No distinct advantages found vs Carver Bank.
Why Carver Bank?
- ✓Higher potential APY (4.00% vs 3.30%)
- ✓Higher rated Android app (4.5 vs 3.6)
— Key Feature Differences —
Better Returns at $10,000
Carver BankCarver Bank's High Yield Savings earns more on smaller deposits (approx. $400 vs $330/yr).
Better Returns at $25,000
Carver BankCarver Bank's High Yield Savings pulls ahead with larger amounts (approx. $1000 vs $825/yr).
Best for Simplicity
Carver BankCarver Bank's High Yield Savings offers 4.00% APY with no bundling, direct deposit requirement or caps.
Shared Benefits
Over a 1-year period, Carver Bank's High Yield Savings pays $70 more interest on a $10,000 balance than American Express's High Yield Savings Account.
*This calculation assumes current rates remain consistent for 1 year and does not include temporary bonuses.
Executive Summary as of
Carver Bank offers a High Yield Savings account with a competitive APY of 4.00%, making it the leading option compared to American Express's High Yield Savings Account, which has an APY of 3.30%. Carver Bank's account requires a minimum deposit and balance of $5,000, but it provides better returns on larger deposits, with estimates of approximately $1,000 per year at $25,000. Both accounts are online-only and have no maintenance fees if the minimum balance is maintained. American Express's account, while lower yielding, has no minimum deposit requirement, appealing to those looking for flexibility.
The analysis is based on current Banksparency database records
* This content is provided for informational purposes only; always verify details with the provider.
Non-sponsored link to official site
Non-sponsored link to official site
Top Market Contenders
American Express vs. Carver Bank Savings Calculator
You earn $70 more with Carver Bank than American Express on a $10,000 initial deposit for 1 year*.
*This calculation assumes that APYs remain unchanged for 1 year, and takes into account known promo rate periods, but does not factor in bonuses. You can see how often these banks have changed their rates in the Compare Savings Rates Over Time section below.
American Express
High Yield Savings Account
Savings Breakdown
- Interest Earned+$330.00(3.2%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,330.00
Carver Bank
High Yield Savings
Savings Breakdown
- Interest Earned+$400.00(3.8%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,400.00
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
| Feature | American Express | Carver Bank |
|---|---|---|
| APY | 3.30% Verified: 1/7/2026 ↘︎ 0.20%90d Change | 4.00% Verified: 1/7/2026 Stable (90d) |
| Product Name | High Yield Savings Account | High Yield Savings |
| Minimum Deposit | $0 | $5,000 |
| Min. Balance for APY | $0 | $5,000 |
| Monthly Fee | $0 | $0, of minimum balance requirement met. Otherwise $6. |
| Branch Access | None | None |
| Account Type | Online Only | Online Only |
| Direct Deposit Req. | None | None |
| Checking Bundle | No | No |
| Mobile Apps | iOS4.9 Android3.6 | iOS4.7 Android4.5 |
| Zelle® Support | Available Requires Amex Rewards Checking; not available for standalone HYSA. | Available Full native integration in digital banking. |
| BBB Rating | F | A+ |
| Next Steps | Visit SiteVerify at American Express Non-sponsored link to official site | Visit SiteVerify at Carver Bank Non-sponsored link to official site |
📈 Compare Savings Rates Over Time
Historical Performance
| Metric | American Express | Carver Bank |
|---|---|---|
| High Yield Savings Account | High Yield Savings | |
Current APY | 3.30% | 4.00% |
Trend | Stable | Stable |
Velocity (bps/mo) | -3.4 | -1.0 |
Days Since Change | 8 | 309 |
11-Month High | 3.80% | 4.25% |
11-Month Low | 3.30% | 4.00% |
Adjustments / Mo | 0.44 | 0.09 |
Volatility Score | 0.034 | 0.017 |
How to read these metrics(Click to expand)
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High Rates (With Checking Bundle)
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