Opinions expressed here are our own, not those of any bank, credit card issuer, airlines or hotel chain. Terms apply to offers listed.
The Amex High Yield Savings Account is a strong option if you want a clean, reliable place to grow cash without worrying about fees. There’s no monthly fee, no minimum deposit, and interest compounds daily, which means every dollar you move in starts earning more right away. The yield is competitive, and Amex’s reputation for customer support adds a layer of comfort when you trust them with your savings.
Managing the account is pretty simple. You can transfer funds from outside banks, set up automatic deposits, and everything is handled through the Amex mobile app or website. They also offer 24/7 customer support and reliable security, including FDIC insurance via American Express National Bank. That ensures your savings are protected under federal guidelines. Since there’s no debit card or checks, this account is strictly for saving rather than spending.
If you don’t need extras like checking features, the Amex HYSA does what a savings account should do: it lets you store money, earn good interest, and leave it alone without fuss. It won’t win if you want very frequent access or cash tools, but for pure savings‑growth with minimal maintenance, it hits a high bar.
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I don’t include all US credit card offers available on this site. Instead, I write primarily about cards which earn airline miles, hotel points, and some cash back (or have points that can be converted into the same).
Editorial Note: The opinions, analyses, and evaluations here are mine and not provided by any bank including (but not limited to) American Express, Chase, Citibank, US Bank, Barclays or any other company. They have not reviewed, approved or endorsed what I have to say.
Comments made in response to posts are not provided or commissioned nor have they been reviewed, approved, or otherwise endorsed by any bank. It is not the responsibility of any advertiser to ensure that questions are answered.
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