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American Express offers a high-yield savings account with 3.00% APY and no minimum deposit.

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10 Aug 2026
Fool - Investing News
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Bullish
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American Express's High Yield Savings Account offers a competitive 3.00% annual percentage yield (APY) with no minimum deposit or monthly fees, making it accessible for savers starting with less than $1,000. The account is FDIC insured up to $250,000 and managed online with 24/7 customer support, though it lacks ATM and branch access. This account is ideal for those looking to grow their savings safely with better interest than typical big banks, which average around 0.38% APY. Users can start saving with any amount and benefit from a user-friendly app, especially if they also have an Amex card.

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