# American Express business savings account launch > Live situation record from CLSTR: https://clstr.news/situations/american-express-business-savings-account-launch > Updated: 2026-09-19T10:45:26.000Z. Sources: 6. Developments: 2. American Express has introduced a high-yield Business Savings account for U.S.-based small business owners, offering a 2.95% annual percentage yield (APY). The account features no monthly maintenance fees and no minimum balance requirements. Users can manage the account online or via the American Express app, with the ability to perform fee-free transfers between this savings account and American Express Business Checking accounts. The service integrates with accounting tools such as QuickBooks Online, Xero, Plaid, and Yodlee. While standard transfers and check deposits are free, same-day ACH transfers are subject to a $10 fee. To open an account, businesses must fund it within 120 days. Certain industries, including cryptocurrency, money services, internet gambling, and marijuana, are excluded from the service. As part of a broader strategy to provide integrated financial solutions, American Express also plans to allow Graphite Business Cash Unlimited card members to redeem reward dollars for deposits into Business Checking accounts and intends to introduce a Gusto-powered payroll solution early next year. ## Timeline ### 2026-09-19: American Express launches high-yield business savings account American Express has introduced a high-yield Business Savings account for U.S. small businesses, offering a 2.95% APY and seamless integration with its business checking services. 3 sources. https://clstr.news/cluster/american-express-launches-high-yield-business-savings-account-1 ### 2026-09-15: American Express launches high-yield business savings account American Express has launched a 2.95% APY Business Savings account and announced upcoming Gusto-powered payroll services to expand its integrated business banking suite. 3 sources. https://clstr.news/cluster/american-express-launches-high-yield-business-savings-account --- Cite as: American Express business savings account launch. CLSTR, https://clstr.news/situations/american-express-business-savings-account-launch