American Express vs. Wealthfront
High-Yield Savings Account Comparison
By Aviel Fahl|Last Updated: November 12, 2025
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Summary of American Express vs. Wealthfront
Key Metrics at a Glance
| Feature | American Express | Wealthfront |
|---|---|---|
| Top Savings APY | 3.50% High Yield Savings Account | 4.15% Cash Account |
| Minimum to Open | $0 | $0 |
| Minimum Balance for Top APY | $0 | $0 |
| Note | Wealthfront is not a bank but a financial services company. It is FDIC-insured through its many partner banks. New clients get an APY of 4.15% for 3 months, after which the 3.50% APY applies. See terms at Wealthfront. |
American Express
Strengths
- American Express offers a High Yield Savings Account with a current APY of 3.50%.
- No maintenance fees for the High Yield Savings Account.
- American Express has a high App Store rating of 4.9.
Potential Drawbacks
- American Express has an F rating from the BBB and is not accredited.
- No branches available for in-person banking.
- The current APY has not changed in the last 30 days.
Wealthfront
Strengths
- Wealthfront's Cash Account has a higher current APY of 4.15% for new clients.
- Wealthfront has a Google Play rating of 4.9, higher than American Express.
- No maintenance fees for the Cash Account.
Potential Drawbacks
- Wealthfront has an F rating from the BBB and is not accredited.
- No branches available for in-person banking.
- After 3 months, the APY drops to 3.50%.
→ As of November 12, 2025 American Express offers an APY of 3.50% for its High Yield Savings Account, with a minimum balance of $0, compared to Wealthfront's 4.15% APY for its Cash Account, with a minimum balance of $0.
→ Wealthfront yields $65 more than American Express on a $10,000 balance after one year. American Express pays $350, while Wealthfront pays $415 - an APY advantage for Wealthfront.
Calculate Savings Growth for American Express vs Wealthfront
American Express - High Yield Savings Account
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
Total balance: $20,114.1
Earnings: $2,114.1
Bank OverviewWealthfront - Cash Account
Total savings breakdown:
- Interest earned: $2,531.8 (12.33%)
- Total contributions: $13,000 (63.32%)
- Initial deposit: $5,000 (24.35%)
Your total balance
$20,531.80
Total balance: $20,531.8
Earnings: $2,531.8
Bank OverviewWith a $5,000 initial deposit and $13,000 in total contributions over 5 years, American Express's total earnings would be $417.7 lower than Wealthfront's total earnings.
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
Compare American Express' vs Wealthfront's Savings Accounts
| American Express | Wealthfront | ||
|---|---|---|---|
| Product | High Yield Savings Account | vs | Cash Account |
| APY | 3.50% (as of 11/12/2025) | 3.50% - 4.15% (as of 11/12/2025) | |
| Bundled Account | No | No | |
| FDIC-insured | Yes | Yes | |
| Online Only | Yes | Yes | |
| Compound Frequency | Daily | Daily | |
| Minimum Deposit | $0 | $0 | |
| Minimum Balance for APY | $0 | $0 | |
| Maintenance Fee | $0 | $0 | |
| Direct Deposit Required | No | No | |
| Note | Wealthfront is not a bank but a financial services company. It is FDIC-insured through its many partner banks. New clients get an APY of 4.15% for 3 months, after which the 3.50% APY applies. See terms at Wealthfront. | ||
| App Store Rating | 4.9/5 | 4.8/5 | |
| Google Play Rating | 3.6/5 | 4.9/5 | |
| BBB Rating | F | F |
No historical data available.