Last Updated: 04/18/2025
American Express National Bank Certificate of Deposit
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Last Updated: 04/18/2025
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Highlights
APY (Annual Percentage Yield)
Minimum Opening Deposit
Certificate Term
- 6 months
- 12 months
- 18 months
- 2 years
- 3 years
- 4 years
- 5 years
American Express National Bank Certificate of Deposit Review
Key Takeaways
- Only one CD type available. American Express CD only offers traditional CD accounts.
- Low APY. The maximum annual percentage yield for this account is only 0.55%.
- No minimum initial deposit. There is no minimum balance required to open an account.
- Wide selection of CD terms. American Express CD allows you to create a CD ladder by spreading your cash across certificates with different terms. This combines the benefits of frequent access to funds and higher rates of return on your savings.
Pros & Cons of American Express National Bank Certificate of Deposit
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American Express National Bank Certificate of Deposit FAQ
Are CD from American Express® National Bank federally insured?
What types of CDs does American Express® National Bank offer?
American Express CD provides the following types of CDs.- Traditional CDs. These CDs pay a fixed interest rate if you deposit a fixed amount of money for a specific term. Once the maturity date arrives, you have the option of cashing out or automatically renewing the CDs for another term.
What rates does American Express® National Bank offer on its CDs?
What terms does American Express CD offer?
American Express® National Bank offers CD terms of the following lengths:| Description | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Certificate Term |
| ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 12-Month APY | 0.20% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| APY (Annual Percentage Yield) | 0.10% - 0.55% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 6-Month APY | 0.10% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 2-Year APY | 0.40% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 3-Year APY | 0.45% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 4-Year APY | 0.50% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 5-Year APY | 0.55% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
What is the minimum deposit to open a CD account with American Express® National Bank?
What is the grace period for American Express CD?
What types of fees, such as early withdrawal penalties, does American Express® National Bank charge?
American Express National Bank Certificate of Deposit Disclosure: This review was prepared by SuperMoney in their personal capacity. The opinions expressed in this review are the author’s/company’s own and do not reflect the view of American Express National Bank nor American Express Company.
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Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author's alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.