Rate updated · 87 banks tracked
American Express savings account rate: 3.2% APY
American Express pays 3.2% on its savings account — ranking in the upper half of the 87 banks SwitchWize tracks, where the top available rate is 3.9%. (Updated April 30, 2026.)
The gap, in your dollars
At 3.2%, $25,000 earns $800/yr here versus $975/yr at the field leader — a $175/yr difference.
See your exact number →Higher-paying alternatives we track
Rates subject to change. Verify before switching.
Frequently asked questions
What is American Express's savings account interest rate?▾
American Express pays 3.2% APY on its savings account as of April 30, 2026, based on rates SwitchWize tracks across 87 banks.
Is American Express's savings rate good?▾
American Express's 3.2% ranks in the upper half of tracked banks. The top available rate is 3.9% and the big-bank median is 3%.
Which banks pay more than American Express?▾
Higher-paying tracked options include cash app, quorum fcu, sofi. Compare rates at /banks to find the best current option.
General information only. Rates change frequently; verify directly with the institution before making financial decisions. SwitchWize is not a bank and does not provide financial advice.