Our verdict
The American Express® High Yield Savings Account comes with a competitive 4.30% Annual Percentage Yield (APY), which is much higher than the national average for savings accounts. The account also allows for nine transactions per month, whereas most other savings accounts cap out at six. It also comes with $0 minimum balance and $0 monthly fees. However, as a digital bank, Amex® offers no in-person support.Best for: Those who want a competitive savings account from a trusted brand.
- High 4.30% APY
- $0 opening deposit
- 24/7 customer service by phone
- Up to nine withdrawals per month
- No in-person support