American Express Connects Cash Back to High Yield Savings Accounts and Business Checking Accounts
Business Wire•29/10/2026•09:00 ET
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Key Highlights
- ➤Consumer Cash Back Card Members can redeem Reward Dollars into Amex HYSAs
- ➤Business Cash Back Card Members can deposit Reward Dollars into Business Checking
- ➤Both redemption options offer a 1:1 redemption rate
- ➤Amex plans automatic Consumer Card rewards deposits 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”
Corey Timlin, Senior Vice President of Consumer Banking at American Express
“With the majority of our deposits coming from existing Card Members, we have a unique opportunity to bring Cards and banking closer together.”
Corey Timlin, Senior Vice President of Consumer Banking at American Express
“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.”
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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