Fund Your Dream Vacation

With a High Yield Savings Account from American Express® Personal Savings

1.90
%
APY*
American Express® Personal Savings
vs .09% APY** National Average
Over 18X the national average

Opening An Account Is Simple

Step One

Gather Your Information

Personal & Banking Information

Step Two

Submit Application

Choose the type of account you want to open, either a High Yield Savings account or a Certificate of Deposit.

Step Three

Receive Confirmation

You will receive an online and/or email confirmation when your application is approved.

Step Four

Fund Your Account

You can fund your online account, either by linking your current bank account or by mailing us a check.

Save And Watch It Grow

Fund your account, set up recurring deposits, and see your high yield savings grow over a long-term period. With interest rates that beat the national average and the security of knowing your account is FDIC-insured, you can have confidence in the way you save.

Initial Deposit Monthly Deposit Yearly Value
    5 Years 10 Years 20 Years
$5,000 $100 $11,796 $19,270 $36,524
$10,000 $100 $17,294 $25,315 $43,833
$15,000 $100 $22,792 $31,361 $51,143
$30,000 $100 $39,286 $49,497 $73,070

*The Annual Percentage Yield (APY) as advertised is accurate as of 10/15/2019. Interest rate and APY are subject to change at any time without notice before and after a High Yield Savings Account is opened.

Why American Express

Competitive Interest Rates

The rates you'll benefit from as an American Express Personal Savings account holder beat the national bank average*. Interest is earned daily and posted to your account monthly, which means that every day your savings are with Amex, you're winning the saving game.

Convenience

Every step of saving is now simple. You can easily link your American Express Personal Savings account to up to 3 bank accounts, set up recurring deposits, and access your funds 24/7 online or by phone. All you need are your current routing and account numbers.

Powerful Earning

Take advantage of a high APY and zero fees. American Express® Personal Savings Accounts don't have monthly balance requirements or maintenance fees. That means you can maximize your interest earnings and save with confidence.

Prefer A Locked In Rate? Apply For A CD Instead

Although a High Yield Savings account offers flexibility, the APY is subject to change. An American Express Certificate of Deposit account provides a guaranteed return with locked in rates as high as 2.15% APY*.

Accounts offered by American Express National Bank. Member FDIC. Each depositor is insured to at least $250,000

Learn More from FDIC.gov

*The Annual Percentage Yield (APY) as advertised is accurate as of 10/15/2019. Interest rate and APY are subject to change at any time without notice before and after a High Yield Savings Account is opened.

For a CD account, rates are subject to change at any time without notice before the account is opened. Your rate will be fixed on the business day‡ we receive your completed application, provided we receive your deposit within 30 days after your application is approved. After a CD is opened, additional deposits to the account are not permitted. Early CD withdrawals may be subject to significant penalties which could cause you to lose some of your principal. Please see the Deposit Account Agreement for additional terms and conditions and Truth-in-Savings disclosures.

**The national average APY is accurate as of October 7, 2019, as published in the FDIC's Weekly National Rates and Rate Caps; average rate used is for deposits under $100,000.

†You may make up to six (6) withdrawals or transfers out of your High Yield Savings Account during a monthly statement cycle. Read More in FAQs

‡For purposes of transferring funds, business days are Monday through Friday, excluding holidays. Transfers can be initiated 24/7 via the website or phone, but any transfers initiated after 7:00 PM Eastern Time or on non-business days will begin to be processed on the next business day.

♦Calculations are estimates of expected interest earned. Actual results may vary, based on various factors such as leap years, timing of deposits, rounding, and variation in interest rates. The first recurring deposit is assumed to begin in the second period after any initial deposit.