Wealthy PotAmerican Express Savings Review (2026)
American Express Savings is a no-frills, trustworthy HYSA that is especially convenient if you already have an Amex card. Just check the live APY against higher-yielding online banks first.
By Wealthy Pot · Last updated September 2026
Pros
- No fees and no minimum to open
- Trusted, established brand
- Simple online experience
- Optional CDs
Cons
- APY trails the top online-only banks
- No ATM card or checking
- Slower transfers than some rivals
Who American Express Savings is for
Best for existing American Express customers and anyone who prefers a big trusted brand over chasing the very highest rate.
APY, minimums & fees
American Express Savings advertises 3.00% APY, with a $0 minimum to open and a $0 monthly fee. Minimum balance to earn the top rate: $0. FDIC-insured (American Express National Bank). APYs are variable — confirm the current rate on the official site.
The bottom line
American Express Savings is a no-frills, trustworthy HYSA that is especially convenient if you already have an Amex card. Just check the live APY against higher-yielding online banks first. Main drawback: apy trails the top online-only banks; no atm card.
Compare American Express Savings with…
See how American Express Savings stacks up in our high-yield savings comparison, or find a banking app in our neobanks comparison.
We summarize hands-on assessment, not user reviews. APYs are variable and re-checked against American Express Savings's official page. Some accounts are brokerage cash insured through partner banks rather than traditional bank savings. Some outbound links may be affiliate links — that never affects which accounts we include or how we rate them. Nothing here is financial advice.