Subscribe

American Express High Yield Savings Review

Trusted name in finance with a 3.20% APY. Independent American Express High Yield Savings review: 4.3/5 for high-yield savings.

By Michael Hewitt, Founder & Editor-in-Chief. Rates last checked October 21, 2026.

Our verdict

Savers who want a known name and 24/7 phone support get 3.10% APY on all balances at Amex, with no monthly fees and no minimum to open or maintain. It's a plain holding account, though, with no debit card, ATM card or checks, and that caps how useful it can be.

Skip it if you want a debit card or ATM access tied to your savings.

About American Express High Yield Savings

Trusted name in finance with a 3.20% APY. American Express High Yield Savings is offered by American Express National Bank. Our editorial rating is 4.3 out of 5.

Best for: Savers who want a trusted brand.

Editorial grade: A- (composite score 85/100).

Highlights

What we like

Where it falls short

Fees, minimums, and rates

Monthly fee: $0/month. Minimum to open: $0. Current APY: 3.20%. Rates and fees last checked on October 21, 2026.

How we reviewed it

This is a desk review: we have not opened an account with American Express National Bank. It is built from American Express National Bank's published rates, fee schedule and terms and from the public complaint record, and compared with the other products in the High-Yield Savings shortlist. Our bank-account reviews weight APY (30%), fees (20%), access and convenience (15%), account features (15%), trust and safety (10%), and customer support (10%). The rubric is the same for every brand.

The bank behind this account

Similar products to compare

Read our full editorial methodology for how we review products.