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American Express High Yield Savings

Editor reviewed

3.00% APY with zero fees or minimums from American Express National Bank

Rates verified July 23, 2026
High-Yield Savings
Open account
Tracked since2026
0 reviews tracked
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The Bottom Line

APY

3%

Biggest pro

Trusted brand

Biggest con

Rate is mid-pack

At a glance

Rates verified July 23, 2026
APY
3%
Minimum deposit
None
Monthly fee
None
FDIC
Direct, Member FDIC, $250k
Institution
American Express National Bank
ATM access
No

Is it worth it?

$300 a year on a $10,000 balance

At 3% APY, $10,000 earns about $300 in the first year, versus roughly $38 at the 0.38% FDIC national average. That is about $262 more for moving the same money. APY is variable and shown as of the date above.

What is American Express High Yield Savings?

Editorial review
Amex High Yield Savings is the default parking spot for American Express cardholders who want a trusted brand and total simplicity. The honest verdict: safe, fee-free, and no longer a rate leader. The account pays 3.00% APY as of July 19, 2026, with no minimum deposit, no minimum balance for the rate, and no monthly fee. Deposits are held directly at American Express National Bank, Member FDIC, insured to $250,000 per depositor. The app is shared with Amex cards and support is 24/7 and US-based. The catch: it is savings-only. There is no checking, no ATM access, and ACH transfers take 1 to 3 days rather than settling instantly.
how we evaluateSourceamericanexpress.com ↗

Pros & Cons

Pros

  • Trusted brand
  • Zero fees or minimums anywhere
  • 24/7 US-based support

Cons

  • Rate is mid-pack
  • Savings-only, no checking or ATM
  • Transfers not instant

Key details

3.00% APY with a simple rate structureNo fees or minimums anywhere24/7 US-based supportIntegration with the Amex card ecosystemShared app with American Express cards

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American Express High Yield Savings FAQ

What is the current APY on American Express High Yield Savings?

The account pays 3.00% APY as of July 19, 2026. The rate is variable and applies to all balances.

Is American Express High Yield Savings FDIC insured?

Yes. Deposits are held directly at American Express National Bank, Member FDIC, insured up to $250,000 per depositor.

What are the minimums and fees?

There is no minimum deposit, no minimum balance requirement, and no monthly fee.

Source: americanexpress.com