American Express High Yield Savings review

American Express High Yield Savings is a plain online savings account from American Express National Bank. It pays 3.20% APY as of November 11, 2026, with no minimum balances and no monthly fees, and the disclosure states that no minimum is needed to open the account, avoid a fee or earn the advertised APY. Customer service is reachable by phone 24/7. You fund the account by linking your current bank or mailing a check, and Amex notes linking an external account can take up to two days; transfers can be started any time online or by phone, though they process on business days. The same bank offers CDs up to 4.50% APY for money you can commit for a fixed term. There is little else on the page: no goal buckets, round ups or bundled checking, which is why its features score is the lowest here. It ranks above CIT only because it pays the full rate on any balance, without a $5,000 threshold.

Who it is for

Amex cardholders who want savings under the same login

Price

$0 monthly fees, no minimum balance; 3.20% APY as of November 11, 2026.

No minimum balances and no monthly fees.
Quoted from the vendor pricing page on November 12, 2026.

Key features

• 3.20% APY as of November 11, 2026
• No minimum balance and no monthly fees
• 24/7 customer service by phone
• Funded by linking an external bank account or mailing a check
• CDs up to 4.50% APY available from the same bank

Strengths and weaknesses

• Strength: No minimum balance to open, avoid fees or earn the APY
• Strength: Phone support around the clock
• Strength: CDs from the same bank for money you can lock away
• Weakness: 3.20% APY sits below the top four accounts
• Weakness: Linking an external account can take up to two days
• Weakness: No savings buckets, round ups or automation tools are described on the page

Key facts

• APY: 3.20% as of November 11, 2026
• Minimum balance: None
• Monthly fee: $0
• Support: 24/7 by phone

Where it ranks

American Express High Yield Savings is No. 8 in our Best High Yield Savings Accounts verdict.