American Express vs Chase Bank
High-Yield Savings Accounts Comparison

Last Updated: June 20, 2025

Summary of American Express vs. Chase Bank

As of June 20, 2025 American Express offers an APY of 3.60% for its High Yield Savings Account account, compared to Chase Bank's 0.01% APY for its Chase Savings℠ account.

American Express yields $359 more than Chase Bank on a $10,000 balance after one year. American Express pays $360, while Chase Bank pays $1 - an APY advantage for American Express.

American Express

Strengths

  • Offers a competitive APY of 3.60%, unchanged from 30 days ago.
  • No maintenance fees or minimum balance requirements.
  • High App Store rating of 4.9.

Potential Drawbacks

  • Has an F BBB rating and is not BBB Accredited.
  • Only offers online banking with no physical branches.
  • Google Play rating is lower at 3.8.

Chase Bank

Strengths

  • Has a strong A- BBB rating.
  • Google Play rating is higher at 4.5.
  • Offers physical branches for in-person banking.

Potential Drawbacks

  • APY is significantly lower at 0.01%, unchanged from 30 days ago.
  • Charges a $5 maintenance fee, which can be waived under conditions.
  • App Store rating is slightly lower at 4.8.
Summary: American Express offers a high APY of 3.60% with no fees, but lacks BBB accreditation and physical branches. In contrast, Chase Bank has a strong A- 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, but American Express excels in APY while Chase provides more traditional banking services.

Compare American Express' vs Chase Bank's Savings Accounts

American ExpressChase Bank
ProductHigh Yield Savings AccountvsChase Savings℠
APY
3.60% (as of 6/20/2025)0.01% (as of 6/20/2025)
Bundled Account
NoNo
FDIC-insured
YesYes
Online OnlyYesNo
Compound Frequency
DailyMonthly
Minimum Deposit$0$0
Minimum Balance for APY$0$0
Maintenance Fee$0$5
Direct Deposit Required
NoNo
NoteN/AAPY 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.
Visit BankHigh Yield Savings AccountChase Savings℠
App Store Rating4.9/54.8/5
Google Play Rating3.8/54.5/5
BBB RatingFA-

Comparative Historical APY Insights (Last 5 Months)

American ExpressChase Bank
ProductHigh Yield Savings AccountvsChase Savings℠
Latest APY3.60 %0.01 %
TrendSidewaysSideways
Slope (bps/mo)-4.30.0
Rate Changes / Mo0.420.00
Days Since Last Change45143
High (-5 m)3.80 %0.01 %
Low (-5 m)3.60 %0.01 %
Draw-down from High-5.3 %0.0 %
Volatility (CV)0.0180.000
APY Insights Glossary
Latest APY
Most recent advertised annual-percentage yield.
Trend
Direction over the last 5 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 (-5 m)
Highest APY in the last 144 days.
Low (-5 m)
Lowest APY in the last 144 days.
Draw-down from High
How far today sits below the 5-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: 3.60%

Total savings breakdown:

  • Interest earned: $36 (3.47%)
  • Total contributions: $0 (0.00%)
  • Initial deposit: $1,000 (96.53%)

Your total balance

$1,036.00

Effective APY: 3.60% (based on your deposit and contributions)

Total balance: $1,036

Earnings: $36

Bank Details

Chase Bank

APY: 0.01%

Total savings breakdown:

  • Interest earned: $0.1 (0.01%)
  • Total contributions: $0 (0.00%)
  • Initial deposit: $1,000 (99.99%)

Your total balance

$1,000.10

Effective APY: 0.01% (based on your deposit and contributions)

Total balance: $1,000.1

Earnings: $0.1

Bank Details

After 1 year American Express would earn you $35.9 more than Chase Bank.

More Comparisons

Compare American Express' APY of 3.60% with other banks
Compare Chase Bank's APY of 0.01% with other banks