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 Express | Chase Bank | ||
---|---|---|---|
Product | High Yield Savings Account | vs | Chase Savings℠ |
APY | 3.60% (as of 6/20/2025) | 0.01% (as of 6/20/2025) | |
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 | N/A | 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. | |
Visit Bank | High Yield Savings Account | Chase Savings℠ | |
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 5 Months)
American Express | Chase Bank | ||
---|---|---|---|
Product | High Yield Savings Account | vs | Chase Savings℠ |
Latest APY | 3.60 % | 0.01 % | |
Trend | Sideways | Sideways | |
Slope (bps/mo) | -4.3 | 0.0 | |
Rate Changes / Mo | 0.42 | 0.00 | |
Days Since Last Change | 45 | 143 | |
High (-5 m) | 3.80 % | 0.01 % | |
Low (-5 m) | 3.60 % | 0.01 % | |
Draw-down from High | -5.3 % | 0.0 % | |
Volatility (CV) | 0.018 | 0.000 |
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 DetailsChase 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 DetailsAfter 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
Bank Pair | Best APY | Min Deposit |
---|---|---|
American Express vs Ally Bank | 3.50% | $0 |
American Express vs Axos Bank | 4.66% | $0 |
American Express vs Bank of America | 0.01% | $100 |
American Express vs Barclays | 4.10% | $0 |
American Express vs Capital One | 3.60% | $0 |
American Express vs Chime | 3.75% | $0 |
American Express vs CIT Bank | 4.00% | $100 |
American Express vs Discover Bank | 3.60% | $0 |
American Express vs Fitness Bank | 5.00% | $100 |
American Express vs Marcus by Goldman Sachs | 3.65% | $0 |
American Express vs SoFi Bank | 3.80% | $0 |
American Express vs Synchrony Bank | 3.80% | $0 |
American Express vs Varo Bank | 5.00% | $0 |
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 | 4.66% | $0 |
Chase Bank vs Bank of America | 0.01% | $100 |
Chase Bank vs Barclays | 4.10% | $0 |
Chase Bank vs Capital One | 3.60% | $0 |
Chase Bank vs Chime | 3.75% | $0 |
Chase Bank vs CIT Bank | 4.00% | $100 |
Chase Bank vs Discover Bank | 3.60% | $0 |
Chase Bank vs Fitness Bank | 5.00% | $100 |
Chase Bank vs Marcus by Goldman Sachs | 3.65% | $0 |
Chase Bank vs SoFi Bank | 3.80% | $0 |
Chase Bank vs Synchrony Bank | 3.80% | $0 |
Chase Bank vs Varo Bank | 5.00% | $0 |