American Express National Bank Certificate of Deposit Review

American Express National Bank Certificate of Deposit is offered by American Express National Bank, a bank founded in 1850 and based in New York, NY. American Express National Bank Certificate of Deposit is offered in 50 states (and Washington, DC).

Are cd accounts from American Express National Bank federally insured?

Yes, your American Express National Bank cd accounts are insured up to $250,000 per person by the Federal Deposit Insurance Corporation (FDIC #27471). The FDIC is an independent agency of the United States government that protects you against the loss of your insured deposits if an FDIC-insured bank or savings association fails. FDIC insurance is backed by the full faith and credit of the United States government.

What types of CDs does American Express National Bank offer?

• Traditional

What APY does American Express National Bank offer on its CDs?

American Express National Bank Certificate of Deposit offers an APY starting at 0.4% and ranging up to 3% (APY stands for annual percentage yield, rates may change).

What is the minimum deposit to open a CD account with American Express National Bank?

American Express National Bank Certificate of Deposit does not require a minimum initial deposit.

What types of early withdrawal penalties does American Express National Bank Certificate of Deposit charge?

Financial institutions don't typically charge many fees on certificate of deposit accounts. However, some do charge a fee if you chooose to withdrawal your money before the CD term ends.

American Express National Bank does not charge an early withdrawal fee.