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Compare high-yield savings accounts

American Express High Yield Savings

From American Express

Best for: Amex cardholders who want one login

3.20%

APY

$320

$10K earns / yr

As of · sources in Details

Three young girls, the eldest carrying a baby, running along a wooden boardwalk toward their smiling parents at golden hour.

Pros

  • No fees or minimums
  • One login with your Amex card
  • 24/7 support

Cons

  • No branches
  • Checking requires an existing Amex card, per reviewers

Who it fits

You already have an Amex card and like one login

What reviewers say

Reviewers like having your Amex card and savings in one login. It's online only, and checking needs a longer Amex card history.

Paraphrased from Bankrate, American Express National Bank review.

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Details: full breakdown and sources

The numbers

APY
3.20%As of · source
Minimum
$0No minimum balance.As of · source
Monthly fees
$0No monthly fees.As of · source

The breakdown

An online savings account from American Express National Bank, with no fees and no minimums.

The American Express High Yield Savings account pays 3.20% APY, with no minimum balance and no monthly fees. Amex offers 24/7 customer support.

If you already have an Amex card, your savings sits alongside it in the same account login.

Review themes, point by point

  • Reviewers like seeing credit card and bank accounts in one place.
  • There are no minimum deposits on savings or CDs.
  • Its checking account is only open to people who've had an Amex card for a while.
  • It's online only, with no branches.

Reviews reflect each publisher's view on the day they wrote it.

All pros

  • No fees or minimums
  • One login with your Amex card
  • 24/7 support

All cons

  • No branches
  • Checking requires an existing Amex card, per reviewers

Might fit if

  • You already have an Amex card and like one login

Maybe look elsewhere if:

  • You want in-person banking