Earn More With the American Express® High Yield Savings Account
By: Conor Keenan, AWMA® | Updated: November 13, 2026 | We check the rates shown against the providers’ published information. Rates and terms can change. Use the links below to visit each provider’s website for current rates, requirements, and full offer details.
Accredited Wealth Management Advisor® designee with 10+ years covering banking & investing. His work has appeared in The Wall Street Journal, Reuters & Yahoo Finance.
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For existing American Express customers, this account offers a familiar, low-friction way to earn a competitive savings rate from a brand you know.
You can earn a competitive 3.20% Annual Percentage Yield1 (APY) as of November 13, 2026, with no monthly fees, no minimum balance requirement, interest that compounds daily and FDIC insurance through American Express National Bank, Member FDIC.
Why people love it:
- Competitive high-yield savings APY
- No monthly maintenance fees
- No minimum balance requirement
- Interest compounds daily
- Manage your account online or through the American Express® App
- FDIC insured up to applicable limits
This account is strong fit if you want a straightforward place to grow emergency savings, short-term cash, or idle funds without opening an account at a bank you have never heard of.
On American Express National Bank's Secure Site, Member FDIC
American Express® High-Yield
Savings Account
On American Express
National Bank's Secure Site,
Member FDIC
A Massive Time-Saver for Existing Amex Cardmembers
If you are already part of the American Express ecosystem, opening this high-yield savings account is almost entirely frictionless.
When I initiated my application, I logged in using my existing Amex credentials. Instead of forcing me to manually re-enter my address, phone number, and personal details, the system immediately greeted me and pre-populated my application using the data from my existing Amex credit card.
As you can see in my screenshot above, it handled the identity verification heavy lifting automatically. For existing customers who want to keep all their finances under one roof, this seamless integration is a major advantage over opening an account with a completely new, unaffiliated online bank.
How Easy Is It to Open an Account?
The 4-Step Application Process
When I sat down to open a American Express High Yield Savings Account, I wanted to see exactly how long the process would take. Online banks often boast about quick sign-ups, but the reality can sometimes be a clunky, multi-page maze.
Amex strips the process down to four transparent steps: Your Info, Account Ownership, Agree & Submit, and Add Money. Because the interface clearly tracks your progress across the top of the screen, you never feel lost in the application loop.
In my experience, you can breeze through these four steps and have your account fully funded in minutes.
👉 Open Your New Account with American Express National Bank Now
APY
as of November 13, 2026
Annual Percentage Yield (APY)
- Min. to Earn APY: $0
- Min. to Open2: $0
- 3.20% APY1
- $0 Monthly Fees
- 24/7 Customer Service
- FDIC Insured up to $250,000
- Backed by the World-Class Service & Reliability of American Express®
- Terms Applyⓘ
- See Site for Details
Terms Disclosure:
1. The Annual Percentage Yield (APY) as advertised is accurate as of November 13, 2026. Interest rate and APY are subject to change at any time without notice before and after a High Yield Savings Account is opened. Interest Rate and APY of a Certificate of Deposit account is fixed once the account is funded
2. There is no minimum balance required to open your Account, to avoid being charged a fee, or to obtain the Annual Percentage Yield (APY) disclosed to you.
3. iOS and Android only. See app store listings for operating system info.
4. For purposes of transferring funds to or from an external bank, business days are Monday through Friday, excluding federal holidays. Transfers can be initiated 24/7 via the website or phone, but any transfers initiated after 7:00 PM Eastern Time or on non-business days will begin processing on the next business day. Funds deposited into your account may be subject to holds. See the Funds Availability section of your Consumer Deposit Account Agreement and Savings Schedules for more information.
On American Express
National Bank's Secure Site,
Member FDIC
APY
Annual Percentage Yield (APY)
- Min. to Earn APY: $0
- Min. to Open2: $0
- 3.20% APY1
- APY as of November 13, 2026
- Interest Compounded Daily
- $0 Monthly Fees
- 24/7 Customer Service
- FDIC Insured up to $250,000
- Backed by the World-Class Service & Reliability of American Express®
- Terms Applyⓘ
- See Site for Details
Terms Disclosure:
1. The Annual Percentage Yield (APY) as advertised is accurate as of November 13, 2026. Interest rate and APY are subject to change at any time without notice before and after a High Yield Savings Account is opened. Interest Rate and APY of a Certificate of Deposit account is fixed once the account is funded
2. There is no minimum balance required to open your Account, to avoid being charged a fee, or to obtain the Annual Percentage Yield (APY) disclosed to you.
3. iOS and Android only. See app store listings for operating system info.
4. For purposes of transferring funds to or from an external bank, business days are Monday through Friday, excluding federal holidays. Transfers can be initiated 24/7 via the website or phone, but any transfers initiated after 7:00 PM Eastern Time or on non-business days will begin processing on the next business day. Funds deposited into your account may be subject to holds. See the Funds Availability section of your Consumer Deposit Account Agreement and Savings Schedules for more information.
On American Express
National Bank's Secure Site,
Member FDIC
Already an Amex Cardmember?
This high-yield savings account may be one of the easiest accounts you open.
American Express® Savings
3.20% Annual Percentage Yield
as of November 13, 2026
View Details*National Savings Rate Average as published by FDIC