Offer value details
American Express lists a High Yield Savings Account at 3.00% APY, with no fee to open, no minimum deposit, no monthly fees, daily compounding, and monthly interest posting.
Qualification requirements
The public product page says there is no minimum deposit to open the account. Users fund the account by linking an external bank or mailing a check.
Fees and costs
American Express lists no monthly fee, no fee to open, and no minimum balance required to obtain the disclosed APY.
Availability
Accounts are offered by American Express National Bank, Member FDIC. Account opening and identity verification are subject to provider approval.
What to verify
- APY is variable and can change at any time.
- Savings accounts do not include ATM cards, debit cards, or checks.
- American Express says accounts that remain at a zero balance for 180 days are closed automatically.
- Interest may be taxable income.
Confirm current provider terms
Rates, rewards, fees, qualification rules, eligibility, and deadlines can change. Review the provider terms before applying.