ADDING and REPLACING American Express Connects Cash Back to High Yield Savings Accounts and Business Checking Accounts

NEW YORK--(BUSINESS WIRE)--Oct 30, 2026--

Please replace the release dated October 29, 2026 with the following corrected version to add the Cautionary Note Regarding Forward-Looking Statements paragraph at the end of the release.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20261029771522/en/

The updated release reads:

American Express Connects Cash Back to High Yield Savings Accounts and Business Checking Accounts

Today, American Express introduced a new way for eligible U.S. Consumer and Business Cash Back Card Members to redeem rewards for a deposit into eligible American Express bank accounts, creating a more integrated experience across their Card and banking products and giving customers more options in how to redeem the rewards they earn.

U.S. Consumer Cash Back Card Members can now redeem Reward Dollars for a deposit directly into an American Express ® High Yield Savings Account (HYSA), helping turn rewards into compounded growth 2. Graphite™ Business Cash Unlimited Card Members can also now redeem Reward Dollars for a deposit into an American Express Business Checking account.

“Card Members want their rewards to be useful, flexible, and easy to put toward the things that matter most to them,” said 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. 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.”

A More Connected Membership Experience for Cash Back Card Members

How to Redeem Cash Back Reward Dollars for Deposits into an Amex High Yield Savings Account or a Business Checking Account

Redeeming Reward Dollars for a deposit into an Amex High Yield Savings Account or Amex Business Checking account takes just a few simple steps through an American Express online account, with redemption through the Amex App coming soon. Here’s how:

Both U.S. Consumer Cash Back and Business Card Members can also continue to redeem Reward Dollars for statement credits and toward eligible purchases at Amazon.com checkout.

Earlier this year, the company announced American Express Business Banking - including a new high-yield Business Savings Account - designed to help businesses earn more on their deposits and manage more of their finances in one place. Learn more about Amex Business Banking.

Learn more about redeeming Reward Dollars for a deposit into an American Express HYSA or Business Checking Account.

Deposit accounts offered by American Express National Bank. Member FDIC.

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.

1 Cash back is received as Reward Dollars that can be redeemed for a deposit into an Amex High Yield Savings Account or for other select options.
2 Interest rate and APY are subject to change at any time without notice before and after a High Yield Savings Account is opened.

Step-by-step process of how to redeem American Express Reward Dollars for a deposit into a High Yield Savings Account (HYSA) in the Amex Mobile App

ANCHORAGE, Alaska (AP) — Justice Dept. seeks to separate Alaska ballots ranking Dan J. Sullivan to probe 'confusion' with GOP Senate incumbent.

THIS IS AN APNewsAlert. Check back for updates. AP's earlier story is below.

The top federal prosecutor in Alaska confirmed on Friday the existence of a criminal investigation related to an alleged scheme to confuse voters by putting a Senate candidate on the ballot with the same name as the Republican incumbent.

The investigation has been ongoing for several months, but revelations this week from The New York Times that Democratic Senate candidate Mary Peltola’s campaign appeared to be involved in recruiting Dan J. Sullivan have resulted in a “significant surge of law enforcement assets to Alaska,” U.S. Attorney Michael Heyman told reporters.

“When credible information comes out, we are committed to pursuing that information to deceive voters and we will act on it. We are acting on it intensely and swiftly,” Heyman said.

Heyman would not say what potential crimes authorities are looking into or the targets of the probe, but encouraged the public to come forward with tips that could help investigators.

It’s highly unusual for Justice Department officials to publicly discuss a criminal investigation or even confirm its existence. And the timing of the press conference is particularly notable given that the Justice Department has had a longstanding practice of avoiding taking public steps in the weeks leading up to an election that could be perceived as attempting to influence a political outcome.

Peltola denied Thursday that she knew anything about the effort to put Dan J. Sullivan on the ballot, where Peltola is challenging Republican Sen. Dan Sullivan.

“I just want to clear the air,” she said at a campaign rally at a downtown bar in Juneau, Alaska’s capital. “I knew nothing about any other candidate on the ballot except for me and the incumbent. That is all I have ever known about. I am not interested in tricking voters.”

Federal prosecutors this week issued dozens of grand jury subpoenas and requests to preserve records, a person familiar with the matter told The Associated Press.

Dan J. Sullivan has long denied he was running at Democrats’ behest and has said he had no contact with Peltola’s campaign. “Zero, none, zilch,” he said in June after announcing his run.

The race is among a handful of Senate contests this year expected to determine control of the chamber.

Trump had previously directed his Department of Justice to sue to block certification of the Senate race should Peltola defeat Republican Sen. Dan Sullivan.

State attorneys have asked a court to rule on the Justice Department’s lawsuit by Monday, saying the case could “cast a cloud over Alaska’s election that is contrary to the public interest.”

Separately, Republican Alaska Gov. Mike Dunleavy has ordered an investigation into Peltola, saying the newspaper’s reporting “reveals disturbing new evidence of an organized effort to manipulate Alaska’s elections by recruiting candidates — including one with the same name as an incumbent U.S. Senator — to deliberately confuse voters and misdirect their votes.”

“Deliberately tricking voters into casting their ballots for someone else strikes at the integrity of our elections,” Dunleavy added, noting that the reporting “substantially supports” earlier findings by the state’s elections board into the matter.

Trump on Thursday cast doubt on whether Peltola would be seated in the Senate even if she won the election. “Well, you’re going to have to see what happens,” the president told reporters on his way to a rally in South Carolina. “It’s hard to believe that she could even be allowed to run.”

Durkin Richer reported from Washington. Bohrer reported from Juneau, Alaska.

U.S. Attorney for the District of Alaska Michael J. Heyman holds a news conference on a criminal investigation related to an alleged scheme to confuse voters by putting a Senate candidate on the ballot with the same name as the Republican incumbent, at the James M. Fitzgerald U.S. Courthouse and Federal Building, Friday, Oct. 30, 2026, in Anchorage, Alaska. (AP Photo/Lindsey Wasson)

U.S. Attorney for the District of Alaska Michael J. Heyman holds a news conference on a criminal investigation related to an alleged scheme to confuse voters by putting a Senate candidate on the ballot with the same name as the Republican incumbent, at the James M. Fitzgerald U.S. Courthouse and Federal Building, Friday, Oct. 30, 2026, in Anchorage, Alaska. (AP Photo/Lindsey Wasson)

FILE - This combination photo shows Sen. Dan Sullivan, R-Alaska, left, in Palmer, Alaska, Aug. 17, 2026, and a candidate in Alaska's Senate race, Dan Sullivan, right, in Petersburg, Alaska, July 3, 2026. (AP Photos/Mark Thiessen/Becky Bohrer, File)

Democratic Senate candidate Mary Peltola speaks during a campaign event Thursday, Oct. 29, 2026, in Juneau, Alaska. (AP Photo/Chloe Anderson)

A sample election ballot is displayed in Anchorage, Alaska, on Friday, Oct. 23, 2026. (AP Photo/Haven Daley)