Rate checked September 30, 2026 (5 weeks ago)
American Express checking account interest rate: 1.00% APY
American Express's checking account pays 1.00% APY. That ranks 7th of the 36 banks we track for this account. The best is 2.75% at TAB Bank.
- APY
- 1.00%
- Last change
- Up 0.90 pts
- Sep 16, 2026
- Last checked
- 5 weeks ago
- Sep 30, 2026
- Minimum deposit
- None
We last read this rate on September 30, 2026. The bank may have changed it since, so check its own page before you open an account.
What it earns on $5,000
At 1.00%, $5,000 earns about $50 in a year.
The best rate earns about $138 on the same money. Choosing American Express instead gives up about $88 a year.
The middle rate across 36 banks is 0.10%. American Express lists a no minimum to open. Figures are one year of interest at today's rate, before taxes. Rates can change at any time.
Interest on checking is usually small. Monthly fees and overdraft fees often matter more than the rate, so read the bank's fee page too.
We will email you once when American Express's account rate moves by 0.05 points or more, up or down. No other emails.
One email per rate change. Unsubscribe in one click. We never share your address.
American Express checking account rate over time
- All-time high
- 1.00%Aug 4, 2026
- All-time low
- 0.10%Sep 15, 2026
- Changes
- 2
- Tracked since
- Aug 4, 2026
High and low cover the history we hold (the last two years at most), not the whole life of the account.
American Express checking account rate history
This rate has changed 2 times since we began tracking it on August 4, 2026.
| Date | APY | Change |
|---|---|---|
| September 16, 2026 | 1.00% | +0.90 pts |
| September 15, 2026 | 0.10% | -0.90 pts |
| August 4, 2026 | 1.00% | First tracked |
Banks that pay more
- TAB Bank2.75%
- Bank5 Connect2.00%
- Zynlo Bank2.00%
Other American Express rates
Questions
What is American Express's checking account rate?
American Express pays 1.00% APY on its checking account, based on its own rate page when we last checked. That earns about $50 a year on $5,000.
Is American Express's checking account rate good?
It is 7th of the 36 banks we track for this account. The best tracked rate is 2.75% at TAB Bank, and the middle rate is 0.10%. On $5,000, the best rate earns about $88 a year more.
Which banks pay more than American Express?
TAB Bank (2.75%), Bank5 Connect (2.00%), Zynlo Bank (2.00%) pay more for this account. Rates change often, so check the bank's own page before you open one.
Should I pick a checking account for its interest rate?
Interest on checking is usually small. Monthly fees, overdraft fees and balance requirements often matter more, so read the bank's fee page before you decide.
The weekly top 5 rates
The best savings, money market, checking and CD rates once a week, plus the moves worth a look. Free, one-click unsubscribe, we never share your address.
Send me the weekly SwitchWize rate briefing: the biggest changes in savings, money market, checking and CD rates. Unsubscribe in one click. We never share your address.
General information only. These rates are tracked from public pages, so confirm the rate, fees and requirements with the bank before you open an account. SwitchWize is not a bank and does not give financial advice.