American Express® High Yield Savings Account: Earn 3.10% APY Rate [Nationwide]

Available nationwide, American Express is offering you a 3.10% Annual Percentage Yield (APY)* as of 05/19/2026 on your funds for opening a new American Express® High Yield Savings Account.

With no minimum deposit** required and no fees to open or maintain a High Yield Savings account, it’s easy to maximize your savings with American Express. Your money is also FDIC insured, up to $250,000, so you can save with confidence.

Update 6/15/26:

• The rate has decreased to 3.10% APY. For those looking for an account to push and pull large amount of money, this savings account will let you do up to $5M each day!

*The Annual Percentage Yield (APY) as advertised is accurate as of 05/19/2026. Interest rate and APY are subject to change at any time without notice before and after a High Yield Savings Account is opened. Interest Rate
and APY of a Certificate of Deposit account is fixed once the account is funded.

**There is no minimum balance required to open your Account, to avoid being charged a fee, or to obtain the Annual Percentage Yield (APY) disclosed to you.

American Express High Yield Savings Account Summary

Here is your opportunity to earn the current APY on your funds. Open a new American Express® High Yield Savings Account and get started today!

• Availability: Nationwide
• Expiration: None
• Credit Funding: Unknown
• Opening Deposit Requirement: Any
• Direct Deposit Requirement: None
• Monthly Service Fee: None
• Early Termination Fees: None listed
• Promo Code(s): None

Account Benefits

• No minimum deposit- You can open your account with as little as $1 and still continue to earn the current APY rate.
• No monthly fees: You’ll be able to earn as much as possible and not have to worry about monthly fees cutting into your return.
• Multiple ways to access your money- Being able to access your account from the internet gives you the ability to transfer money very easily, You can also manage your account using your phone.
• FDIC insured- Your funds will be FDIC insured up to the maximum amount of $250,000.

Steps To Open A New Account

• Step 1: Your Information. Gather the following information to apply:
  • Social Security Number
  • Email Address
  • Home Address
  • Phone Number
  • Date of Birth
  • Account and Routing numbers (primary applicant only)**
• Step 2: Submit Application.
• Step 3: You’ll Receive Confirmation. You will receive an online and/or email confirmation when your application is approved. Additionally, you will receive an American Express® High Yield Savings Account Welcome Kit in the mail.
• Step 4: Fund Your New Account. You can fund your account online either by linking your current bank account or by mailing a check. Start earning interest on the business day‡ we receive your deposit.

**To fund an American Express High Yield Savings Account electronically, the primary applicant will need the Routing and Account numbers of the external account from which the funds are being transferred.

Avoid Monthly Fees

• American Express® High Yield Savings Account: No monthly fees

Author’s Verdict

If you’re on the search for an interest bearing account with a competitive rate in addition to an institution you can depend on, this is one of the top accounts to consider! Open an account today and start earning interest on your funds.

Let us know about your thoughts and experience with this account! Be sure to check back on BankDealGuy for more bank deals and/or for more bank rates!