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.