Rate updated · 63 banks tracked
American Express savings account rate: 3.10% APY
American Express pays 3.10% on its savings account — ranking in the lower half of the 63 banks SwitchWize tracks, where the best available rate is 4.22%. (Updated October 12, 2026.)
Is American Express a good savings rate? Not really. At 3.10% it trails the 4.22% best available rate, leaving about $279 a year on the table on a $25,000 balance.
The gap, in your dollars
At 3.10%, $25,000 earns $775/yr here versus $1,054/yr at the field leader — a $279/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 3.10% APY on its savings account as of October 12, 2026, based on rates SwitchWize tracks across 63 banks.
Is American Express's savings rate good?▾
American Express's 3.10% ranks in the lower half of tracked banks. The best available rate is 4.22% and the FDIC national average is 0.38%.
Which banks pay more than American Express?▾
Higher-paying tracked options include pnc, flagstar, 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.