American Express® High Yield Savings Account

A reliable, fee-free savings account backed by premium 24/7 customer service.

Earn a highly competitive 3.00% APY as of 7/9/26¹ to watch your money grow faster than average
Absolutely no monthly maintenance fees and no minimum balance required to open or maintain the account²
Access to American Express's top-tier, 24/7 customer support
Backed by the security and reputation of one of the world's most trusted financial brands

How to maximize your Amex High Yield Savings

American Express is renowned for its premium credit cards, but its savings account is a fantastic, straightforward product that delivers high yields with zero hassle. Here is how to make it work for you.

Step 1: Open with any amount

Because there are no minimum deposit requirements² and no balance tiers to hit the 3.00% APY¹, you can literally start your emergency fund with just a few dollars and earn the top rate immediately.

Step 2: Link to your checking

Since Amex doesn't offer a standalone physical checking account with this product, link it to your primary external checking account. It takes only a few days to transfer funds back and forth³, making it a great place to securely park cash out of sight.

Step 3: Pair it with Amex cards

If you are already in the American Express ecosystem (using their credit cards), keeping your savings here allows you to manage multiple aspects of your financial life under one trusted, highly secure login.

Wrap-up

If you value exceptional customer service, zero fees, and a rock-solid brand reputation over gimmicks, the Amex HYSA is an excellent foundational account.

Legal & Disclosures

Advertiser Disclosure

MyWealthWallet is not a bank. We are a financial education and content platform. We may receive compensation when you click on links to products from our partners. This compensation may influence which products we write about and where and how they appear on the page. However, it does not influence our evaluations or recommendations. Our opinions are our own.

American Express High Yield Savings Disclosures

¹ The Annual Percentage Yield (APY) as advertised is accurate as of 7/9/2026. 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 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.

American Express National Bank, Member FDIC.

General Disclaimer

The information provided on this page is for educational and informational purposes only. It should not be construed as financial, investment, or tax advice. Before opening any account, please carefully review all terms, conditions, fees, and disclosures provided by the partner. Your individual circumstances may vary, and we recommend consulting with a qualified financial advisor before making any financial decisions.