American Express vs. Santander Bank
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
Santander Bank
Santander Savings
0.01%APYDec 6, 2025FDIC InsuredLow MinimumsGreat iOS AppGreat Android AppIn-Person AccessShow Fine Print & Trends Hide Details
Santander Bank
Santander Savings
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. Santander Bank
Why American Express?
- ✓Higher potential APY (3.40% vs 0.01%) on all balances
- ✓No checking account or direct deposit required
Why Santander Bank?
- ✓Physical branch access (Primarily in the Northeast and Miami, Florida)
- ✓Higher rated Android app (4.0 vs 3.6)
— Key Feature Differences —
Better Returns at $10,000
American ExpressAmerican Express's High Yield Savings Account earns more on smaller deposits (approx. $340 vs $1/yr).
Better Returns at $25,000
American ExpressAmerican Express's High Yield Savings Account pulls ahead with larger amounts (approx. $850 vs $3/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 Mobile App Experience
American ExpressAmerican Express offers an iOS app rated 4.9 (vs. 4.8) and Android app rated 3.6 (vs. 4.0)
Shared Benefits
Over a 1-year period, American Express's High Yield Savings Account pays $339 more interest on a $10,000 balance than Santander Bank's Santander Savings.
Executive Summary
American Express offers a High Yield Savings Account with a competitive APY of 3.40%, making it a strong choice for savers, especially with no minimum deposit or maintenance fees. This account is online-only and does not require direct deposit, providing a straightforward savings solution. In contrast, Santander Bank's Savings account yields a significantly lower APY of 0.01%, which may not appeal to those seeking better returns. Overall, American Express stands out as the clear winner for those prioritizing higher interest rates.
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.
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| Feature | American Express | Santander Bank |
|---|---|---|
| APY | 3.40% Verified: 12/6/2025 ↘︎ 0.10%90d Change | 0.01% Verified: 12/6/2025 ↘︎ 0.02%90d Change |
| Product Name | High Yield Savings Account | Santander Savings |
| Minimum Deposit | $0 | $25 |
| Min. Balance for APY | $0 | $0 |
| Monthly Fee | $0 | $1 |
| Branch Access | None | Yes |
| Account Type | Online Only | Online & Branches |
| Direct Deposit Req. | None | None |
| Checking Bundle | No | No |
| Mobile Apps | iOS4.9 Android3.6 | iOS4.8 Android4.0 |
| BBB Rating | F | Not Rated |
| Next Steps |
Savings Comparison
American Express earns $2,044.8 more than Santander Bank.
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
Santander Bank
Santander Savings
Savings Breakdown
- Interest Earned+$5.70(0.0%)
- Total Contributions$13,000
- Initial Deposit$5,000
Projected Balance
$18,005.70
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 | Santander Bank |
|---|---|---|
| High Yield Savings Account | Santander Savings | |
Current APY | 3.40% | 0.01% |
Trend | Stable | Stable |
Velocity (bps/mo) | -3.2 | -0.2 |
Days Since Change | 10 | 78 |
10-Month High | 3.80% | 0.03% |
10-Month Low | 3.40% | 0.01% |
Adjustments / Mo | 0.38 | 0.09 |
Volatility Score | 0.030 | 0.375 |
How to read these metrics(Click to expand)
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