The American Express® High Yield Savings Account (HYSA) is an FDIC-insured savings account offered by American Express National Bank, designed to help customers earn competitive interest on their savings with no monthly fees or minimum opening deposit required. As of January 8, 2026, the account offers an Annual Percentage Yield (APY) of 3.30%, which compounds daily and is credited monthly. This rate is variable and subject to change without notice.
The account is accessible entirely online through the American Express® App, which integrates with existing Amex credit card accounts for streamlined management. Users can link external bank accounts to make unlimited ACH transfers, with funds typically available within one to three business days. However, the account does not provide an ATM card, debit card, or checks, meaning direct cash withdrawals are not possible.
American Express offers a range of other banking products, including a Rewards Checking account with a top APY of 1% and certificates of deposit (CDs) with APYs ranging from 3.25% to 4.00%, depending on term length. CD terms range from 11 to 60 months, with early withdrawals subject to penalties equivalent to three to 18 months’ worth of interest.
The account is insured up to $250,000 per depositor, per ownership category, through FDIC membership. While the current APY is competitive, it has declined from higher levels seen in 2024 and 2025, when it reached 4.25% and 3.60% respectively. Despite this, the account remains a strong option for those already using American Express services, particularly due to its strong customer support, 24/7 U.S.-based phone service, and seamless app integration.
For new users, the application process is straightforward and can be completed online in minutes, requiring a U.S. mailing address, valid SSN or ITIN, and a linked external bank account for funding. The account has a $5 million per account limit, and while large withdrawals may require up to seven days’ written notice, this policy is rarely enforced.
I mean, there isn’t much to a HYSA where you could have issues. They really just kind of sit there. AMEX also isn’t some no-name bank Transferring between them is pretty painless. Sure, go for it if you want the sign up bonus. Fed interest rates are so high at the moment that HYSA are fantastic for the banks, so the offers and rates are skyrocketing as they try to get more of them open Answer from Vresa on reddit.com
I mean, there isn’t much to a HYSA where you could have issues. They really just kind of sit there. AMEX also isn’t some no-name bank Transferring between them is pretty painless. Sure, go for it if you want the sign up bonus. Fed interest rates are so high at the moment that HYSA are fantastic for the banks, so the offers and rates are skyrocketing as they try to get more of them open Answer from Vresa on reddit.com
American Express
americanexpress.com › home › savings › high yield savings
High Yield Savings Account with No Fees to Open | Amex US
Maximize Your Savings with an American Express High Yield Savings Account. Featuring Competitive Interest Rates & No Fees. Open an Account Today!
American Express
americanexpress.com › en-us › banking › online-savings › account
American Express® Online Savings Account - Official Website
November 27, 2025 - American Express savings accounts offer competitive savings rates, no monthly fees, & no minimum balance. Apply for a high yield savings account to earn more interest!
Amex high yield savings?
I have it I like it so far More on reddit.com
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May 2, 2025Anyone use American Express High Yield Savings Account?
I mean, there isn’t much to a HYSA where you could have issues. They really just kind of sit there. AMEX also isn’t some no-name bank Transferring between them is pretty painless. Sure, go for it if you want the sign up bonus. Fed interest rates are so high at the moment that HYSA are fantastic for the banks, so the offers and rates are skyrocketing as they try to get more of them open More on reddit.com
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February 9, 2023Amex HYSA APY now 3.4%
It's only $100 per $100k over 12 months. Still a great trustworthy HYSA in my opinion. More on reddit.com
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November 26, 2025Anybody use AMEX high yield savings?
Welcome to r/MilitaryFinance ! Please check out our "Start Here: Military Money 101 & Prime Directive" thread for essential information and resources. I am a bot, and this action was performed automatically. Please contact the moderators of this subreddit if you have any questions or concerns. More on reddit.com
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August 24, 2025What is a High Yield Savings Account (HYSA)?
A High Yield Savings Account is a savings account with a variable interest rate. Interest on High Yield Savings Accounts is compounded daily and posted to accounts monthly.
americanexpress.com
americanexpress.com › home › savings › high yield savings
High Yield Savings Account with No Fees to Open | Amex US
What is the American Express HYSA’s APY?
The account’s APY is competitive and typically higher than a traditional savings account. However, APY can fluctuate over time as prime rates change. To learn more, check current HYSA APY.
americanexpress.com
americanexpress.com › credit intel › saving & budgeting
What Is an American Express® Savings Account?
Does the American Express HYSA come with an ATM card?
Like many savings accounts, the American Express HYSA does not come with an ATM or debit card. However, the American Express Rewards Checking Account offers a debit card that allows you to earn rewards. Terms and eligibility apply. Accounts offered by American Express National Bank. Member FDIC. Learn More
americanexpress.com
americanexpress.com › credit intel › saving & budgeting
What Is an American Express® Savings Account?
Videos
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Reddit
reddit.com › r/personalfinance › anyone use american express high yield savings account?
r/personalfinance on Reddit: Anyone use American Express High Yield Savings Account?
February 9, 2023 -
Got an email offer for $350 for depositing at least $25,000 into the account and holding it there for like 2 or 3 months. Just want to know if they are a good savings account for the interim just to get the bonus or if they are a nightmare to deal with and not worth the effort. The money is just sitting in my Ally account so if I can get an extra $350 off of it, I figure why not
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I mean, there isn’t much to a HYSA where you could have issues. They really just kind of sit there. AMEX also isn’t some no-name bank Transferring between them is pretty painless. Sure, go for it if you want the sign up bonus. Fed interest rates are so high at the moment that HYSA are fantastic for the banks, so the offers and rates are skyrocketing as they try to get more of them open
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I've used them for a similar bonus in the past and had no problem. If you already have a credit card with them, you can access your banking and credit cards with the same logins, though it's not as seamless as other providers such as CapitalOne and Discover. At $350 bonus for 3 months, that's equivalent to 5.6% APY. Combined that with their current rate of 3.4% and you're basically getting a 9% 3 month CD. I would do it. You can easily close the account later--which is what I did. Just check if there is any closing fee/period. Though I don't think there is.
American Express
americanexpress.com
American Express Credit Cards, Rewards & Banking
American Express offers world-class Charge and Credit Cards, Gift Cards, Rewards, Travel, Personal Savings, Business Services, Insurance and more.
NerdWallet
nerdwallet.com › home › banking › best › best high-yield savings accounts for january 2026: up to 4.35%
Best High-Yield Savings Accounts for January 2026 - NerdWallet
1 day ago - American Express® High Yield Savings Account: Best for Combination savings, credit card and rewards checking, 3.30% APY
American Express
americanexpress.com › en-us › banking › online-savings › articles › all-about-high-yield-savings
The Basics of High Yield Savings Accounts
High-yield savings accounts are a flexible and easy way to earn interest while saving money. They are perfect for short-term savings projects like creating a rainy-day fund but work just as well for folks who simply want to put their saved cash in a safe and trusted interest-bearing account with the knowledge that they can pretty much access it whenever they need it.
American Express
americanexpress.com › en-us › banking › online-savings › faq › hysa-cd-differences
What is the difference between a High Yield Savings Account and a CD?
High-Yield Savings Account(s) are considered a liquid asset and offer a variable rate which can increase and decrease over time. You may withdrawal and deposits funds into your High-Yield Savings Account(s) at any time. Certificates of Deposits have a term and a maturity date that locks in ...
The Motley Fool
fool.com › motley fool money › banks › savings accounts › savings account reviews › american express high yield savings review
American Express® High Yield Savings Account Rates & Review 2026 | The Motley Fool
2 weeks ago - American Express High Yield Savings may not have the highest APY on our list, but it still offers a rate well above average and requires no minimum deposit to qualify for the highest APY². It's a good fit for those who want to save at a competitive ...
American Express
americanexpress.com › credit intel › saving & budgeting
What Is an American Express® Savings Account?
July 8, 2025 - The American Express High Yield Savings Account, or HYSA, is an FDIC-insured savings account available from American Express. With a high-yield savings account, customers are offered a competitive Annual Percentage Yield (APY) compared to some ...
American Express
americanexpress.com › en-us › banking › online-savings › faq › funding-new-account
How do I fund my account electronically?
Express National Bank. Member FDIC. Each depositor is insured to at least $250,000 per depositor, per insured bank, per ownership category. ... * The Annual Percentage Yield (APY) as advertised is accurate as of . Interest rate and APY are subject to change at any time without notice before and after a High Yield Savings Account is opened.
American Express
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Log In to My Account | American Express US
All users of our online services are subject to our Privacy Statement and agree to be bound by the Terms of Service. Please review · © 2026 American Express. All rights reserved
American Express
americanexpress.com › content › dam › amex › en-us › banking › personal-savings › Savings-Schedule.pdf pdf
AMERICAN EXPRESS NATIONAL BANK SAVINGS SCHEDULES
1 week ago - AMERICAN EXPRESS NATIONAL BANK · SAVINGS SCHEDULES · HIGH YIELD SAVINGS ACCOUNT (HYSA) CERTIFICATES OF DEPOSIT (CDs) Rev. January 5, 2026 · 2 · CONTENTS · High Yield Savings Account Schedule · 3 · This Agreement ........................................................................................3 ·
Carry
carry.com › learn › amex-high-yield-savings-account-review
Amex High Yield Savings Account Review 2025 - Carry
September 11, 2025 - If you’re looking for a better place to grow your savings, the American Express High Yield Savings Account is one option to consider. It offers a competitive APY, daily compounding interest, and no monthly fees.
American Express
americanexpress.com › en-us › banking › online-savings › faq › what-is-a-hysa-account
What Is A High Yield Savings Account | American Express® Savings
A High Yield Savings Account is a savings account with a variable interest rate typically higher than retail brick-and-mortar banks.
CNBC
cnbc.com › cnbc select › banking › best high-yield savings accounts from big banks in 2025
Best high-yield savings accounts from big banks in 2025
1 month ago - American Express is best known for its cards, but it offers a variety of financial services, including deposit accounts, CDs, personal loans and travel insurance. The American Express High Yield Savings Account is easy to use and stands out if you value 24/7 customer service with good reviews.
Wallethub
wallethub.com › savings-accounts › american-express-13000208i
American Express Savings & CDs: Reviews, Latest Offers, Q&A, Customer Service Info
Get answers to your questions about American Express Savings Accounts below. Editorial and user-generated content is not provided, reviewed or endorsed by this issuer. Please keep in mind that it is not a financial institution’s responsibility to ensure all posts and questions are answered. ... Auto loans are not offered with the AMEX high yield savings account.
Fortune
fortune.com › article › american-express-bank-review
American Express Bank Review 2026: Read this to see if Amex is the right bank for you | Fortune
3 weeks ago - American Express features just one savings account — a high-yield savings account with no monthly fees and generous APY that compounds daily.
Forbes Advisor
forbes.com › advisor › banking › savings
American Express Savings Rates – Forbes Advisor
1 week ago - Not only is there no monthly ... few options: ... The Amex High Yield Savings account is designed to help you save, so you have fewer options for withdrawing money....
CNBC
cnbc.com › cnbc select › banking › american express high yield savings account review: a top choice for savers
American Express High Yield Savings Account review: A top choice for savers
December 3, 2020 - Topics include how much you should save for retirement, how to get more out of your savings and ways to be a better saver. There is $0 minimum balance requirement** and $0 monthly fees with the American Express High Yield Savings Account.
Bankrate
bankrate.com › banking › savings
American Express Savings Account Interest Rates | Bankrate
July 9, 2024 - An American Express National Bank high-yield savings account comes with an interest rate that is much higher than the national average.