American Express vs. Chime
Compare rates, requirements, and features side-by-side to find the best option for you.
American Express
High Yield Savings Account
3.40%APYDec 6, 2025FDIC InsuredNo MinimumsGreat iOS AppShow Fine Print & Trends Hide Details
American Express
High Yield Savings Account
Chime
Chime High-Yield Savings Account
Up to3.50%APYDec 6, 2025FDIC InsuredDirect Deposit ReqChecking BundleNo MinimumsGreat iOS AppGreat Android AppRange: 1.00% – 3.50%Show Fine Print & Trends Hide Details
Chime
Chime High-Yield Savings Account
Market Reality Check
Both of these banks offer rates below the current top tier. The best rates we track are currently above 4.25% APY.
Comparison Analysis
Comparing American Express vs. Chime
Why American Express?
- ✓No checking account or direct deposit required
Why Chime?
- ✓Higher rated Android app (4.7 vs 3.6)
— Key Feature Differences —
Better Returns at $10,000
ChimeChime's Chime High-Yield Savings Account earns more on smaller deposits (approx. $350 vs $340/yr).
Best for Simplicity
American ExpressAmerican Express's High Yield Savings Account offers 3.40% APY with no bundling, direct deposit requirement or caps.
Best for All-in-One Banking
ChimeChime's Chime High-Yield Savings Account pays a superior APY for customers who also open a checking account.
Shared Benefits
Over a 1-year period, Chime's Chime High-Yield Savings Account pays $10 more interest on a $10,000 balance than American Express's High Yield Savings Account.
Executive Summary
Chime's High-Yield Savings Account offers a competitive APY of 3.50%, making it the winner in this comparison. This account requires a qualifying direct deposit of $200 or more within the preceding 34 days, but provides a strong incentive for those who also open a checking account. In contrast, American Express's High Yield Savings Account offers a solid APY of 3.40% with no direct deposit requirement or maintenance fees, making it a simpler option for savers. Both accounts are online-only and have no minimum deposit requirements.
Analysis generated based on current Banksparency database records
* AI-generated content provided for informational purposes only. Accuracy is not guaranteed; always verify details with the provider.
Stop Losing Interest
See who beats both American Express and Chime.
| Feature | American Express | Chime |
|---|---|---|
| APY | 3.40% Verified: 12/6/2025 ↘︎ 0.10%90d Change | 3.50% Range: 1.00% - 3.50% Verified: 12/6/2025 ↘︎ 0.25%90d Change |
| Product Name | High Yield Savings Account | Chime High-Yield Savings Account |
| Minimum Deposit | $0 | $0 |
| Min. Balance for APY | $0 | $0.01 |
| Monthly Fee | $0 | $0 |
| Branch Access | None | None |
| Account Type | Online Only | Online Only |
| Direct Deposit Req. | None | RequiredYou need to receive a qualifying direct deposit of $200 or more within the preceding 34 days |
| Checking Bundle | No | Yes |
| Mobile Apps | iOS4.9 Android3.6 | iOS4.8 Android4.7 |
| BBB Rating | F | A+ |
| Next Steps |
Savings Comparison
Chime earns $63.6 more than American Express.
American Express
High Yield Savings Account
Savings Breakdown
- Interest Earned+$2,050.50(10.2%)
- Total Contributions$13,000
- Initial Deposit$5,000
Projected Balance
$20,050.50
Chime
Chime High-Yield Savings Account
Savings Breakdown
- Interest Earned+$2,114.10(10.5%)
- Total Contributions$13,000
- Initial Deposit$5,000
Projected Balance
$20,114.10
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
📈 Compare Savings Rates Over Time
Historical Performance
| Metric | American Express | Chime |
|---|---|---|
| High Yield Savings Account | Chime High-Yield Savings Account | |
Current APY | 3.40% | 3.50% |
Trend | Stable | Stable |
Velocity (bps/mo) | -3.2 | 12.3 |
Days Since Change | 10 | 51 |
10-Month High | 3.80% | 3.75% |
10-Month Low | 3.40% | 2.00% |
Adjustments / Mo | 0.39 | 0.19 |
Volatility Score | 0.029 | 0.193 |
How to read these metrics(Click to expand)
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