Amex Cd Rates

Posted : admin On 26.02.2021

The interest rate for this 12 month CD account is for a 1 year term requiring as much as $1 minimum. The rate of 0.60% is 0.6% lower than the average 1.2%. Also it is 2% lower than the highest rate 2.60 Updated Apr, 2020 on American Express Bank's secure website. American Express CD rates are decent, but can sometimes be beat by others in the market. You may find better rates at other online banks, especially for shorter term lengths. Discover Bank CD. 0.50% With $2,500 minimum balance. Minimum Balance. Here are the Best CD Interest Rates for February 2021. 5 year: Navy Federal Credit Union, APY: 1.01%, $1,000 Min. Deposit; 5 year: Suncoast Credit Union, APY: 0.95%, $500 Min.

  1. Best Cd Rates American Express
  2. Amex Cd Rates As Of Today
  3. American Express National Bank Cd Rates
  4. Amex Savings Account

If you’re looking for 10-year CDs, it’s best to look at our list for the best 10-year CD rates for non-jumbo CDs because there just aren’t many options for 10-year jumbo CDs. If the steep deposit isn’t too much for you, here’s what to know about the institutions behind each of the best jumbo CD rates in our table above.

© baranq/Shutterstock A man looks at a computer.Rates

American Express Bank gives its customers several options for choosing a certificate of deposit (CD) with terms from six months up to five years. The bank doesn't require a minimum deposit to open a CD, giving you the opportunity to choose exactly how much you put into your account. Interest compounds daily, allowing you to efficiently watch your money grow over time.

American Express gives you the option to either withdraw interest payments penalty-free or keep your profits in the account to continue earning interest. Withdrawing interest payments will, however, cause your APY to be lower since your starting rate assumes you will keep your interest payments in the account until the maturity date.

While other banks offer higher CD interest rates, American Express CDs still make our list of the best CDs for offering no minimum deposit and accessible customer service. Coin master free spins 2020 link. Bankrate gives American Express Bank four stars out of five in its overall bank rating.

American Express CD Rates

An Amex CD is a straightforward way to lock in a fixed interest rate for your savings. Let's take a closer look at what American Express Bank offers.

Account nameTermAPYMinimum deposit
CD6 months0.10%$0
CD12 months0.20%$0
CD18 months0.30%$0
CD24 months0.40%$0
CD36 months0.45%$0
CD48 months0.50%$0
CD60 months0.55%$0

Best Cd Rates American Express

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Note: The APY (annual percentage yield) shown is as of Jan. 4, 2021. The APY may vary in region.

How American Express compares to top-yielding banks

Amex CD rates are far below those of other banks with top-earning CDs - especially for accounts with terms less than three years. Marcus by Goldman Sachs, for example, offers a much higher rate on its 12-month CD.

American Express does offer accounts with no minimum deposit, while Marcus requires at least $500 to open an account. But Ally Bank, among others, also offers no minimum deposit with much higher interest rates. Other CD terms tell the same story - American Express CD rates don't reach those of the best certificates of deposit.

Amex Cd Rates As Of Today


Other savings options at American Express

American Express Bank offers more than just certificates of deposit to hold your savings. If you want more flexibility for adding and withdrawing funds, the American Express high-yield savings account with no fees and no minimum account balance. Amex allows up to nine withdrawals from high yield savings each statement cycle.

American Express National Bank Cd Rates

Because American Express doesn't offer a checking account or issue debit cards or checks for its high-yield savings account, you'll have to transfer funds to another bank to make a withdrawal. The bank is completely online, so you won't be able to visit a physical branch. You can, however, reach American Express customer support 24 hours a day.

Amex Savings Account

Featured image by baranq of Shutterstock.