Account (US)
American Express® High Yield Savings account full review
Grow your money at a higher rate than the national rate. Then, learn all about it in this American Express® High Yield Savings account review post!
by Aline Augusto
Terms apply to American Express benefits and offers. Enrollment may be required for select American Express benefits and offers. Visit americanexpress.com to learn more.
Partner Offer through CreditCards.com
American Express® High Yield Savings account: 0.40% APY!
American Express® features an account with a 1.15% APY, and you’ll learn all about it in this American Express® High Yield Savings account review!
How to get American Express® High Yield Savings
Learn how to open an American Express® High Yield Savings account today and start growing your money!
| APY | 1.15% Rates & Fees |
| Fees | $0 Rates & Fees |
| Perks | 24/7 customer service Educational resources * Terms apply |
But it is not only that. By applying for it, you pay no monthly fees, there are no minimums, and you get access to excellent 24/7 customer service.
It is FDIC insured, and you feel peace of mind knowing that you can rely on American Express’s trustworthiness.
Plus, you get access to tools and resources to enhance your strategies for saving.
You will be redirected to another website
How does the American Express® High Yield Savings account work?
If you are searching for a savings account with no minimum required and no fees, you may have just found one.
American Express® offers an account with a higher rate than the national average rate. Also, there are no monthly fees at all, and no minimum balance is required.
And you get some perks, such as 24/7 customer support, a Tips & Tools section where you can get educational resources on how to grow and save money.
The high interest is compounded daily and posted to accounts monthly. And the online and telephone withdrawals or debits are limited to nine per monthly statement cycle.
Furthermore, it is FDIC insured, and you certainly will know the reliability that American Express® delivers.
American Express® High Yield Savings account benefits
First of all, there is no minimum balance required, and there are no monthly fees so that you can get a high APY on your savings without costs to zero the interest earned.
Second of all, you get excellent 24/7 customer support and educational resources so you can save and grow your money with confidence.
On the other hand, it can improve ATM access since it doesn’t feature an ATM card.
Also, it could improve the processing time of deposits and withdrawals.
Plus, it doesn’t feature an option to add a checking account.
Pros
- You can earn 0.40% APY, which is higher than the national average rate;
- There are no monthly or maintenance fees;
- You get outstanding 24/7 customer service;
- You can access the Tips & Tools section for educational reasons.
Cons
- It doesn’t feature an ATM card so that you can withdraw funds from ATMs;
- It takes some days to process deposits and withdrawals.
How good does your credit score need to be?
Unfortunately, we weren’t able to check this information. However, you can pre-qualify without harming your credit.
How to apply for an American Express® High Yield Savings account?
If you want to start the New Year saving and growing your money at a higher rate without paying any fees, an American Express® High Yield Savings account might be an option for you! Learn how to open it!
How to get an American Express® High Yield Savings
Learn how to open an American Express® High Yield Savings account today and start growing your money!
Terms apply to American Express benefits and offers. Enrollment may be required for select American Express benefits and offers. Visit americanexpress.com to learn more.
Partner Offer through CreditCards.com
Aline Augusto
Aline Barbosa
Senior Editor
Trending Topics
Mercury Credit Card overview
Check out this Mercury Credit Card overview to learn how you can regain your purchasing power while building a solid credit score!
Keep Reading
How to apply for the BayFirst Loans?
Check out how to apply for BayFirst Loans and learn how to get the money you want or need, no matter the purpose you must achieve.
Keep Reading
How to apply for the Mastercard® Luxury Black credit card?
The Mastercard® Luxury Black credit card is the right secured card for your travelings and shopping. Learn how to apply for it now!
Keep ReadingYou may also like
How to buy cheap flights on SkyScanner
Learn how to buy cheap flights with these easy hints on Skyscanner. Prices starting at $29.99! Keep reading and learn more!
Keep Reading
SoFi Mortgage review: how does it work and is it good?
Keep reading if you're looking for a mortgage broker that provides personalized service at competitive rates. We'll discuss the pros and cons of choosing SoFi mortgage over other lenders.
Keep Reading
First Citizens Bank Secured Cash Back Credit Card review
Boost your score and earn unlimited cash back. Find out more in this First Citizens Bank Secured Cash Back Credit Card review!
Keep Reading