Account (US)
How to apply for the American Express® High Yield Savings account?
American Express® High Yield Savings account offers 0.40% APY with no monthly fees. Learn how to open an account today and start growing your money!
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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
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American Express® High Yield Savings account application
American Express® is known for its trustworthiness and reliability. And it is no different with American Express® High Yield Savings account.
The HYSA is FDIC insured, and you know that you can rely on American Express® services.
Also, you earn 1.15% APY, which is higher than the national average rate. Plus, there are no monthly or maintenance fees.
Furthermore, you can access the Tips & Tools section for educational reasons, and there is excellent 24/7 customer support for you!
Learn how to open an account today!
Apply online
Access the American Express® website and select Savings Account.
Then, click on Open an Account.
Note that you need to be at least 18 years old, a U.S. citizen OR a resident alien with a valid Social Security Number (SSN) or Individual Taxpayer Identification Number (ITIN) with a home address in the U.S.
After that, click on Begin.
Fill in your personal and contact information and Tax Withholding.
Finally, read the terms and conditions, fund your account, and you are good to go!
Apply using the app
After approval, download the American Express® mobile app to manage your finances at your Savings Account.
American Express® High Yield Savings account vs. Marcus Savings Account
Both of these savings accounts charge no monthly fees and offer high-interest rates. However, the American Express® one takes more days to process deposits and withdrawals.
On the other hand, with a Marcus Savings Account, you can transfer up to $100,000 in the same day.
Check out the comparison table below to better decide which one fits your needs!
| American Express® High Yield Savings | Marcus Savings Account | |
| APY | 1.15% Rates & Fees | 0.50% |
| Fees | $0 Rates & Fees | $0 |
| Perks | 24/7 customer serviceEducational resources * Terms apply | You can transfer up to $100,000 in the same day |
How to apply for a Marcus Savings account?
Get a high APY in savings with Marcus account by Goldman Sachs®! Check out how to apply for it!
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
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