ADDING and REPLACING American Express Connects Cash Back to High Yield Savings Accounts and Business Checking Accounts
Business Wire•30/10/2026•14:36 ET
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Key Highlights
- ➤American Express enables Consumer Cash Back rewards deposits into High Yield Savings Accounts
- ➤Graphite Business Cash Unlimited Card Members can deposit rewards into Business Checking
- ➤Consumer and Business Card Members receive 1:1 Reward Dollars deposit redemptions
- ➤American Express plans automatic Consumer Card rewards deposits into HYSA in 2027
Expert Statements
Corey Timlin, Senior Vice President of Consumer Banking at American Express
“Card Members want their rewards to be useful, flexible, and easy to put toward the things that matter most to them. With the majority of our deposits coming from existing Card Members, we have a unique opportunity to bring Cards and banking closer together. By making it possible for Card Members to turn the rewards they earn into savings and everyday banking, we’re creating a more connected experience that helps them get even more value from their relationship with American Express.”
ADDING and REPLACING American Express Connects Cash Back to High Yield Savings Accounts and Business Checking Accounts
* U.S. Consumer Cash Back(1) Card Members can now redeem Reward Dollars for a deposit into an American Express(®) High Yield Savings Account, and watch their savings grow with a competitive Annual Percentage Yield.
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