American Express

American Express

High Yield Savings

Earn 10X more interest than your average savings. Our High Yield Savings Account ranks among the best with its combination of above-average rates and consumer-friendly features.

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When you open an American Express® Savings High Yield Savings Account (HYSA), you’re helping to grow your own money at a rate higher than the national average. If you want easy access to your money at a high interest rate, then a High Yield Saving Account could be a great fit for you. And American Express offers much more than just a great rate with no fees, minimums, and 24/7 customer support.

Why Invest

  • Your interest compounds daily
  • No minimums, no monthly fees
  • Up to 9 withdrawals/transfers per month

How you make money

A High Yield Savings Account is a savings account with a variable interest rate typically higher than retail brick-and-mortar banks. High Yield Savings Accounts are limited to a maximum of nine (9) online and telephone withdrawals or debits per monthly statement cycle. To earn, just place your money into the high yield savings account and start earning 0.40% APY. Interest on the high yield savings account is compounded daily and posted to accounts monthly.

How American Express makes money

There are no fees to use the American Express High Yield Savings Account. As a bank, American Express makes money through many different avenues, but most often through the interest they make on loans and other banking fees.

Is it safe?

American Express High Yield Savings Account is FDIC insured for up to $250,000 and is backed by the service and reliability of American Express. At American Express they want you to be safe and secure when you bank with them online or by mobile device. They are constantly monitoring activity for potential fraud. Examples of their security include using multi-factor authentication, through one-time codes on non-recognized devices, to prevent unauthorized access, blocking unauthorized access by using numerous secure firewalls, and using Secure Socket Layer (SSL) encryption to create a secure connection with your browser when you login in or fill out an application online. These measures will help protect your personal information.

Things to know

  • You make money onInterest
  • Fees0%
  • Payout frequencyMonthly
  • Term of investmentZero
  • LiquidityEasy
  • Open toAll Investors


  • Country availabilityUS only
  • Assets under managementUnknown
  • Established1850
  • Mobile ApplicationIOS, Android

Investment Return Calculator

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Any references to past performance, regarding financial markets or otherwise, do not indicate or guarantee future results.

Forward-looking statements, including without limitations investment outcomes and projections, are hypothetical and educational in nature. The results of any hypothetical projections can and may differ from actual investment results had the strategies been deployed in actual securities accounts.


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