Watch your money grow with a Certificate of Deposit (CD)
Choose your term — from months to years — to lock in your rate.1
Fixed Interest Rate & APY
Know exactly how much you’ll earn by locking in your rate
No Monthly Fees3
Enjoy no minimum balance and no monthly fees
Earns Daily Interest
Interest is compounded daily and credited to your account monthly
Strengthened by Amex
The reliability and service you expect from American Express
Compare Savings products
High Yield Savings
Account
- High yield growth with added flexibility
- Interest rates can go up or down based on the market
- Funds can be withdrawn with no penalty — great for unexpected challenges
Certificate of Deposit
Account
- Know exactly how much your investment will earn
- A fixed APY protects you from falling interest rates
- Early withdrawal fee helps reinforce a committed savings strategy
Apply for an Account in minutes
See FAQs for further details about the transfer process, or contact us 24/7 with questions.
Let’s start looking ahead.
Your interest earnings are waiting.
If you want more access to your money, check out a High Yield Savings Account.
Accounts offered by American Express National Bank. Member FDIC. Each depositor is insured to at least $250,000 per depositor, per insured bank, per ownership category. Learn more at FDIC.gov.
Frequently Asked Questions
Have other questions? Get more answers by reviewing our full list of FAQs.
Terms and Conditions
- 1 The interest rate and Annual Percentage Yield (APY) will be disclosed in your account-opening documents, which you will receive after funding your Account. The interest rate and APY for your CD will be fixed and will either be (i) the rate reflected at application submission or (ii) the rate being offered when your CD is funded, whichever is higher. All CDs must be funded within 60 calendar days from the time we approve your application or will be subject to closure. After the CD is opened, additional deposits are not permitted. Early CD withdrawals may be subject to significant penalties which could cause you to lose some of your principal. Please see the Consumer Deposit Account Agreement and Savings Schedules for additional information.
- 2 The Annual Percentage Yield (APY) as advertised is accurate as of 11/5/2024. Interest rate and APY are subject to change at any time without notice before and after a High Yield Savings Account is opened. Interest Rate and APY of a Certificate of Deposit account is fixed once the account is funded.
- 3 There is no minimum balance required to open your Account, to avoid being charged a fee, or obtain the Annual Percentage Yield (APY) disclosed to you.
- 4 Calculations are estimates of expected interest earned. Actual results may vary, based on various factors such as leap years, timing of deposits, rounding, and variation in interest rates. The first recurring deposit is assumed to begin in the second period after any initial deposit.