American Express vs Chase Bank
High-Yield Savings Accounts Comparison
Last Updated: August 29, 2025
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Summary of American Express vs. Chase Bank
As of August 29, 2025 American Express offers an APY of 3.50% for its High Yield Savings Account account, compared to Chase Bank's 0.01% APY for its Chase Savings℠ account.
American Express yields $349 more than Chase Bank on a $10,000 balance after one year. American Express pays $350, while Chase Bank pays $1 - an APY advantage for American Express.
American Express
Strengths
- American Express offers a competitive APY of 3.50%, significantly higher than Chase Bank's 0.01%.
- No maintenance fees for American Express's High Yield Savings Account.
- American Express has a higher App Store rating of 4.9 compared to Chase Bank's 4.8.
Potential Drawbacks
- American Express has an F rating from the BBB and is not accredited.
- American Express has no physical branches for in-person banking.
- American Express's Google Play rating is lower at 3.8 compared to Chase Bank's 4.5.
Chase Bank
Strengths
- Chase Bank has an A- rating from the BBB, indicating better trustworthiness.
- Chase Bank offers a physical presence with branches for customer service.
- Chase Bank has a higher Google Play rating of 4.5 compared to American Express's 3.8.
Potential Drawbacks
- Chase Bank's APY is significantly lower at 0.01%, compared to American Express's 3.50%.
- Chase Bank charges a $5 maintenance fee, which may apply if balance conditions aren't met.
- Chase Bank's App Store rating is slightly lower at 4.8 than American Express's 4.9.
Summary: American Express offers a high APY of 3.50% with no maintenance fees but lacks BBB accreditation and branches. In contrast, Chase Bank has a strong BBB rating and physical branches but offers a much lower APY of 0.01% and charges a maintenance fee. Both banks have competitive app ratings, with American Express slightly ahead in the App Store and Chase Bank leading in Google Play.
Compare American Express' vs Chase Bank's Savings Accounts
| American Express | Chase Bank | ||
|---|---|---|---|
| Product | High Yield Savings Account | vs | Chase Savings℠ |
| APY | 3.50% (as of 8/29/2025) | 0.01% (as of 8/29/2025) | |
| Bundled Account | No | No | |
| FDIC-insured | Yes | Yes | |
| Online Only | Yes | No | |
| Compound Frequency | Daily | Monthly | |
| Minimum Deposit | $0 | $0 | |
| Minimum Balance for APY | $0 | $0 | |
| Maintenance Fee | $0 | $5 | |
| Direct Deposit Required | No | No | |
| Note | APY may vary by market. The maintenance fee may be waived under some circumstances, such as if the account balance is maintained with at least $300 each day, or you set up automatic transfers from a linked Chase account, etc. | ||
| App Store Rating | 4.9/5 | 4.8/5 | |
| Google Play Rating | 3.8/5 | 4.5/5 | |
| BBB Rating | F | A- |
Comparative Historical APY Insights (Last 7 Months)
| American Express | Chase Bank | ||
|---|---|---|---|
| Product | High Yield Savings Account | vs | Chase Savings℠ |
| Latest APY | 3.50 % | 0.01 % | |
| Trend | Sideways | Sideways | |
| Slope (bps/mo) | -4.2 | 0.0 | |
| Rate Changes / Mo | 0.42 | 0.00 | |
| Days Since Last Change | 39 | 213 | |
| High (-7 m) | 3.80 % | 0.01 % | |
| Low (-7 m) | 3.50 % | 0.01 % | |
| Draw-down from High | -7.9 % | 0.0 % | |
| Volatility (CV) | 0.025 | 0.000 |
APY Insights Glossary
- Latest APY
- Most recent advertised annual-percentage yield.
- Trend
- Direction over the last 7 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 (-7 m)
- Highest APY in the last 214 days.
- Low (-7 m)
- Lowest APY in the last 214 days.
- Draw-down from High
- How far today sits below the 7-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.
Calculate Savings Growth for American Express vs Chase Bank
All calculations are based on APY.
American Express
APY: 3.50%
Total savings breakdown:
- Interest earned: $2,114.1 (10.51%)
- Total contributions: $13,000 (64.63%)
- Initial deposit: $5,000 (24.86%)
Your total balance
$20,114.10
Effective APY: 3.50% (based on your deposit and contributions)
Total balance: $20,114.1
Earnings: $2,114.1
Bank OverviewChase Bank
APY: 0.01%
Total savings breakdown:
- Interest earned: $5.7 (0.03%)
- Total contributions: $13,000 (72.20%)
- Initial deposit: $5,000 (27.77%)
Your total balance
$18,005.70
Effective APY: 0.01% (based on your deposit and contributions)
Total balance: $18,005.7
Earnings: $5.7
Bank OverviewWith a $5,000 initial deposit and $13,000 in total contributions over 5 years, American Express's total earnings would be $2,108.4 higher than Chase Bank's total earnings.
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
More Comparisons
Compare American Express' APY of 3.50% with other banks
| Bank Pair | Best APY | Min Deposit |
|---|---|---|
| American Express vs Ally Bank | 3.50% | $0 |
| American Express vs Axos Bank | 4.46% | $0 |
| American Express vs Bank of America | 0.01% | $100 |
| American Express vs Barclays | 4.10% | $0 |
| American Express vs Capital One | 3.50% | $0 |
| American Express vs Chime | 3.75% | $0 |
| American Express vs CIT Bank | 4.00% | $100 |
| American Express vs Discover Bank | 3.50% | $0 |
| American Express vs Fitness Bank | 4.85% | $100 |
| American Express vs Marcus by Goldman Sachs | 3.65% | $0 |
| American Express vs Presidential Bank | 4.50% | $5,000 |
| American Express vs SoFi Bank | 3.80% | $0 |
| American Express vs Synchrony Bank | 3.80% | $0 |
| American Express vs UFB Direct | 4.21% | $5000 |
| American Express vs Varo Bank | 5.00% | $0 |
| American Express vs Wells Fargo | 2.51% | $25 |
Compare Chase Bank's APY of 0.01% with other banks
| Bank Pair | Best APY | Min Deposit |
|---|---|---|
| Chase Bank vs Ally Bank | 3.50% | $0 |
| Chase Bank vs Axos Bank | 4.46% | $0 |
| Chase Bank vs Bank of America | 0.01% | $100 |
| Chase Bank vs Barclays | 4.10% | $0 |
| Chase Bank vs Capital One | 3.50% | $0 |
| Chase Bank vs Chime | 3.75% | $0 |
| Chase Bank vs CIT Bank | 4.00% | $100 |
| Chase Bank vs Discover Bank | 3.50% | $0 |
| Chase Bank vs Fitness Bank | 4.85% | $100 |
| Chase Bank vs Marcus by Goldman Sachs | 3.65% | $0 |
| Chase Bank vs Presidential Bank | 4.50% | $5,000 |
| Chase Bank vs SoFi Bank | 3.80% | $0 |
| Chase Bank vs Synchrony Bank | 3.80% | $0 |
| Chase Bank vs UFB Direct | 4.21% | $5000 |
| Chase Bank vs Varo Bank | 5.00% | $0 |
| Chase Bank vs Wells Fargo | 2.51% | $25 |