Earn more interest than your average savings with a High Yield Savings Account.**
When you open an American Express® Savings High Yield Savings Account (HYSA), you’re helping to grow your own money at a rate higher than the national rate.
According to NerdWallet, our High Yield Savings Account ranks among the best with our combination of above-average rates and consumer-friendly features.
NerdWallet is an American Express advertiser
If you want easy access to your money at a high interest rate, then a High Yield Saving Account could be a great fit for you. And American Express offers much more than just a great rate.
No minimums, no monthly fees
24/7 superior customer service
Easy access to your money, round-the-clock
Backed by the service & reliability of American Express
At American Express, the customer always comes first.
Simple transfers and auto-deposits
Managing your account online is seamless with American Express.
Compounding daily, depositing monthly
Your interest compounds daily and is deposited in your account monthly.
Monthly statements, your way
Digital statements are the online way, but we’re happy to mail your statements if you prefer.
Adjust the savings calculator to see your money’s potential.
FUTURE BALANCE
$156,320
DURATION OF TIME
Monthly Deposit
Weekly Deposit
Interest compounds daily. Savings calculator is for illustration only. ♢
Start banking quickly.
Transferring money between your Savings account and your external bank account is easy to set up and complete online. So you start saving fast.
- Open an Account in minutes. To verify your identification, we’ll use your personal details to check public records – without affecting your credit.
- Register your online savings account after you receive your confirmation email (within minutes of applying).
- Sign in and fund your new account by linking your current bank or mailing a check. Linking your external account can take up to 2 days. Transfers typically take less than 24 hours once linked ‡.
See FAQs for further details about the transfer process, or contact us 24/7 with questions.
Strategies to Save
High yield savings accounts are a flexible and easy way to earn interest while saving money.
Let’s start looking ahead
Your high-interest earnings are waiting.
When finding the best interest rate, Bank of America CD rates are often a top contender. However, is this the case? This guide will look at Bank of America’s CD rates and compare them to other top banks to see who offers the best interest rate. Fixed
annuities are almost identical to Certificates of Deposit (CDs) accounts and provide higher interest rates and penalty-free withdrawals for income.Earn The Highest Interest Rates On Savings Today
N/A | SaveBetter Money Market | 3.00% |
12 Months | SaveBetter CD | 3.20% |
14 Months | Sallie Mae (No-Penalty CD) | 3.30% |
24 Months | Oceanview Fixed Annuity | 3.80% |
36 Months | Canvas Fixed Annuity | 5.25% |
48 Months | Oxford Fixed Annuity | 4.50% |
60 Months | Canvas Annuity | 5.15% |
72 Months | Oceanview Annuity | 4.80% |
Disclaimer: This is a review. The Annuity Expert is not associated with a bank or credit union. However, fixed annuities are sold at most financial institutions. We aim to help you find the highest interest rates for your retirement savings. We may receive a small referral fee if you purchase something using a link in this article.
Compare Fixed Annuity Rates
Find the highest interest rates for your savings ranging from 2 to 10 years.
Compare CD Rates From 423 Banks And Credit Unions
Find the highest interest rates for your savings ranging from 3 months to 5 years.
Popular CD Rates Today
3 Month CD Rates
The following banks and credit unions have the highest CD rates for 3 months.
Synchrony Bank | 1.75% APY | 3 Months | $0.00 |
Popular Direct | 1.75% APY | 3 Months | $10,000.00 |
TIAA Bank | 1.20% APY | 3 Months | $1,000.00 |
TotalDirect Bank | 2.00% APY | 3 Months | $25,000.00 |
Bethpage Federal Credit Union | 1.75% APY | 3 Months | $50.00 |
Merrick Bank | 2.45% APY | 3 Months | $25,000.00 |
Chevron Federal Credit Union | 2.15% APY | 3 Months | $500.00 |
Spectrum Federal Credit Union | 2.15% APY | 3 Months | $500.00 |
Parsons Federal Credit Union | 3.00% APY | 4 Months | $10,000.00 |
Luana Savings Bank | 2.17% APY | 3 Months | $1,000.00 |
6 Month CD Rates
CommunityWide FCU | 3.25% APY | 6 Months | $1.000.00 |
Quontic Bank | 1.70% APY | 6 Months | $500.00 |
PenFed Credit Union | 1.70% APY | 6 Months | $1,000.00 |
NASA Federal Credit Union | 3.55% APY | 9 Months | $1,000.00 |
Synchrony Bank | 2.75% APY | 6 Months | $0.01 |
Live Oak Bank | 2.75% APY | 6 Months | $2,500.00 |
Popular Direct | 2.65% APY | 6 Months | $10,000.00 |
Merrick Bank | 3.58% APY | 9 Months | $25,000.00 |
TAB Bank | 3.05% APY | 9 Months | $1,000.00 |
North American Savings Bank | 3.40% APY | 7 Months | $5,000.00 |
1 Year CD Rates
The following banks and credit unions have the highest CD rates for 12 months.
CommunityWide FCU | 3.25% APY | 12 Months | $1,000.00 |
Bread Savings | 3.60% APY | 12 Months | $1,500.00 |
First National Bank of America | 3.55% APY | 12 Months | $1,000.00 |
PenFed Credit Union | 3.15% APY | 12 Months | $1,000.00 |
Marcus by Goldman Sachs | 3.25% APY | 12 Months | $500.00 |
Popular Direct | 3.55% APY | 12 Months | $10,000.00 |
Synchrony Bank | 3.46% APY | 12 Months | $0.00 |
Alliant Credit Union | 3.50% APY | 12 Months | $1,000.00 |
Merrick Bank | 3.85% APY | 12 Months | $25,000.00 |
Discover | 3.00% APY | 12 Months | $1,000.00 |
TAB Bank | 3.25% APY | 12 Months | $1,000.00 |
Parsons Federal Credit Union | 4.00% APY | 12 Months | $10,000.00 |
2 Year CD Rates
The following banks and credit unions have the highest CD rates for 24 months.
Bread Savings | 3.75% APY | 24 Months | $1,500.00 |
Synchrony Bank | 3.71% APY | 24 Months | $0.01.00 |
First National Bank of America | 3.60% APY | 24 Months | $1,000.00 |
Pentagon Federal Credit Union | 3.50% APY | 24 Months | $1,000.00 |
Marcus by Goldman Sachs | 3.40% APY | 24 Months | $500.00 |
Merrick Bank | 4.00% APY | 24 Months | $25,000.00 |
American Heritage Credit Union | 3.75% APY | 24 Months | $500.00 |
Lafayette Federal Credit Union | 4.11% APY | 24 Months | $500.00 |
Langley Federal Credit Union | 4.07% APY | 21 Months | $1,000.00 |
3 Year CD Rates
The following banks and credit unions have the highest CD rates for 3 years.
Quontic Bank | 3.00% APY | 36 Months | $500.00 |
Bread Savings | 4.00% APY | 36 Months | $1,500.00 |
Pentagon Federal Credit Union | 3.60% APY | 36 Months | $1,000.00 |
Synchrony Bank | 3.81% APY | 36 Months | $0.01% |
First National Bank of America | 3.65% APY | 36 Months | $1,000.00 |
Marcus by Goldman Sachs | 3.45% APY | 36 Months | $500.00 |
Limelight Bank | 3.30% APY | 36 Months | $1,000.00 |
Alliant Credit Union | 3.60% APY | 36 Months | $1,000.00 |
Quorum Federal Credit Union | 4.00% APY | 30 Months | $1,000.00 |
Merrick Bank | 4.00% APY | 36 Months | $25,000.00 |
Discover | 3.15% APY | 36 Months | $2,500.00 |
Popular Direct | 3.70% APY | 36 Months | $10,000.00 |
American Heritage Credit Union | 4.05% APY | 30 Months | $500.00 |
Lafayette Federal Credit Union | 4.22% APY | 36 Months | $500.00 |
4 Year CD Rates
The following banks and credit unions have the highest CD rates for 4 years.
Bread Savings | 4.15% APY | 48 Months | $1,500.00 |
NASA Federal Credit Union | 3.85% APY | 49 Months | $10,000.00 |
PenFed Credit Union | 3.50% APY | 48 Months | $1,000.00 |
Synchrony Bank | 3.81% APY | 48 Months | $0.01 |
First National Bank of America | 3.70% APY | 48 Months | $1,000.00 |
Marcus by Goldman Sachs | 3.45% APY | 48 Months | $500.00 |
Merrick Bank | 4.00% APY | 48 Months | $1,000.00 |
American Heritage Credit Union | 4.00% APY | 48 Months | $500.00 |
Lafayette Federal Credit Union | 4.32% APY | 48 Months | $500.00 |
5 Year CD Rates
The following banks and credit unions have the highest CD rates for 5 years.
Bread Savings | 4.25% APY | 60 Months | $1,500.00 |
Popular Direct | 3.80% APY | 60 Months | $10,000.00 |
Synchrony Bank | 3.81% APY | 60 Months | $0.00 |
PenFed Credit Union | 3.60% APY | 60 Months | $1,000.00 |
Connexus Credit Union | 3.01% APY | 60 Months | $5,000.00 |
First National Bank of America | 3.75% APY | 60 Months | $1,000.00 |
Marcus by Goldman Sachs | 3.50% APY | 60 Months | $500.00 |
Alliant Credit Union | 3.65% APY | 60 Months | $1,000.00 |
Discover | 3.30% APY | 60 Months | $2,500.00 |
Lafayette Federal Credit Union | 4.42% APY | 60 Months | $500.00 |
American Heritage Credit Union | 4.00% APY | 60 Months | $500.00 |
Next Steps
In conclusion, these CD rates are an excellent option for those looking for a good interest rate. However, comparing the different rates other banks offer is essential to finding the best option for you. Contact us today for a quote, and we would be happy to help!
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Shawn Plummer
CEO, The Annuity Expert
I’m a licensed financial professional focusing on annuities and insurance for more than a decade. My former role was training financial advisors, including for a Fortune Global 500 insurance company. I’ve been featured in Time Magazine, Yahoo! Finance, MSN, SmartAsset, Entrepreneur, Bloomberg, The Simple Dollar, U.S. News and World Report, and Women’s Health Magazine.
The Annuity Expert is an online insurance agency servicing consumers across the United States. My goal is to help you take the guesswork out of retirement planning or find the best insurance coverage at the cheapest rates for you.