NEW YORK--(BUSINESS WIRE)--Sep 15, 2026--
Today American Express (NYSE: AXP) announced the launch of the new high-yield American Express ® Business Savings account, designed to help businesses earn more on their deposits and manage more of their finances in one place. Later this year, the company will introduce a new way for Graphite™ Business Cash Unlimited Card Members to redeem Reward Dollars for deposits into their American Express ® Business Checking accounts, followed by a new payroll solution powered by Gusto with AI-powered insights coming early next year. These updates build on the company's strategy to expand Amex Business Membership with integrated financial solutions that deliver more value and help businesses operate more efficiently.
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Business Checking and Business Savings will now come together under American Express ® Business Banking, creating a more connected banking experience for businesses. Customers can apply for Business Checking, Business Savings, or both through one application and manage their banking alongside their American Express Card products online or in the Amex ® App.
With high-yield savings, no monthly maintenance fees, and the ability to move money seamlessly, Amex Business Banking helps businesses manage their cash flow with confidence.
“Businesses are looking for more value from their banking services, including competitive returns and simple tools that help them automate processes and fit seamlessly into how they operate,” said Eva Reda, Executive Vice President of Global Commercial Services at American Express. “With Amex Business Banking, businesses now have banking tools that make it easy and rewarding to manage their finances, all in one place.”
American Express ® Business Savings
In a recent Amex Trendex survey 1, 82% of businesses agree that their business’ excess cash could be put to better use in a savings account. Available today, American Express ® Business Savings helps businesses put idle cash to work with competitive returns and straightforward value. The account offers:
Today, customers have the option to apply for American Express ® Business Checking and American Express ® Business Savings together in one simple application. Customers who open a new Business Checking account may be eligible for a Welcome Offer of 35,000 Membership Rewards ® points after completing qualifying activities. Terms Apply.
Deposit accounts offered by American Express National Bank. Member FDIC. Learn more about the new American Express Business Savings account.
Payroll Capabilities with AI-Powered Insights
Businesses are looking for ways to simplify how they manage payroll: 81% of Amex Trendex survey respondents agree that they want better visibility into upcoming payroll payments, and nearly two-thirds (65%) say that streamlining payroll processes is a priority for their business in the next 12 months. 1 American Express is announcing a new payroll solution within the Business Checking account. Powered by Gusto, the solution will help customers enroll, manage, and run payroll all within American Express ® Business Checking, making it easier to manage payroll quickly and accurately while helping businesses stay compliant.
As businesses continue to adopt AI-enabled tools to simplify operations, Amex will also introduce an AI-powered tool within the payroll solution that includes the ability to access rich payroll insights.
The payroll solution and AI capabilities will roll out to Business Checking account customers early next year. 4 Customers will be able to enroll and pay a low monthly fee, and Small Business Card Members will be eligible to earn a monthly credit deposited in their Business Checking account after completing qualifying activities.
Connected Card and Banking Experiences
In March, American Express launched the Graphite™ Business Cash Unlimited Card, which offers unlimited 2% cash back on all eligible purchases, earned in the form of Reward Dollars that can be redeemed as a statement credit and at Amazon.com checkout.
Ninety-three percent (93%) of surveyed businesses say they want their banking and financial tools to work together seamlessly, and the company is creating a new way for Graphite Card Members to redeem their rewards with Business Banking products. 1 Later this year, Graphite Card Members will be able to redeem Reward Dollars for a deposit directly into their American Express ® Business Checking account at a 1:1 redemption rate.
1 This poll was conducted between July 30 - August 4, 2026, among 1,165 small business financial decision makers (FDMs). The interviews were conducted online. Results from the full survey have a margin of error of plus or minus 3 percentage points.
2 Annual Percentage Yield (APY), as advertised is accurate as of 09/15/2026. APY is subject to change at any time without notice before and after a Business Savings account is opened.
3 Same Day ACH transactions submitted between 12 AM and 2:45 PM ET on a business day will arrive on the same day by 6 PM ET. The availability of your funds may vary depending on your payee’s financial institution. Please note that the same day ACH option is not available for recurring or international transactions.
4 Product enhancements and feature availability subject to change.
Frequently Asked Questions
ABOUT AMERICAN EXPRESS
American Express (NYSE: AXP) is a global payments and premium lifestyle brand powered by technology. Our colleagues around the world back our customers with differentiated products, services, and experiences that enrich lives and build business success.
Founded in 1850 and headquartered in New York, American Express’ brand is built on trust, security, service, and a rich history of delivering innovation and Membership value for our customers. We seek to provide the world’s best customer experience every day to a broad range of consumers, small and medium-sized businesses, and large corporations, and we build and manage relationships with millions of merchants across our global network.
For more information about American Express, visit americanexpress.com, americanexpress.com/en-us/newsroom/, and ir.americanexpress.com.
Cautionary Note Regarding Forward-Looking Statements
This release includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, which are subject to risks and uncertainties. The forward-looking statements, which include American Express’ plans for launching new and enhanced products, solutions and capabilities, among other matters, contain words such as “expect,” “intend,” “plan,” “aim,” “will,” “may,” “should,” “could,” “would,” “continue,” and similar expressions. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date on which they are made. Actual results may differ from those set forth in the forward-looking statements due to a variety of factors, including those described in American Express’ Annual Report on Form 10-K for the year ended December 31, 2025 and its other reports filed with the SEC. American Express undertakes no obligation to update or revise any forward-looking statements.
American Express® Business Savings
American Express® Business Savings
