The new deposit account offers a 2.95% APY alongside upcoming payroll and card integrations.
American Express launched its new high-yield Business Savings account on 15 September 2026. The product unites business checking and savings under the American Express Business Banking umbrella, allowing business clients to apply for either or both accounts through a single application.
The new savings account offers an annual percentage yield of 2.95% as of 15 September 2026, with no monthly maintenance fees and no minimum balance requirements. Customers receive free standard transfers, wire transfers, and check deposits online or via the Amex app, along with instant fee-free transfers to Business Checking accounts. Same-day ACH transfers carry a $10 fee.
Later this year, American Express plans to allow Graphite Business Cash Unlimited cardholders to redeem Reward Dollars as direct deposits into Business Checking accounts at a 1:1 rate. Early next year, the company will introduce an integrated payroll service powered by Gusto with artificial-intelligence insights for a monthly fee.
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