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American Express Certificate of Deposit

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  • Funds can be withdrawn with no penalty — great for unexpected challenges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

  1. 1

    Open a Savings Account

    and we’ll verify your identity – you’ll receive a confirmation email when your Account is opened.

  2. 2

    Register your online account

    after you receive your confirmation email.

  3. 3

    Sign in and fund your new Account

    by linking your current bank or mailing a check. Linking your external account can take up to two days.

Get to know CDs and HYSAs: a secure path to smart savings

  • Certificates of deposit (CDs) and high yield savings accounts (HYSAs) can be smart, safe ways to grow your funds. Both typically yield higher interest rates than regular savings accounts.
  • CDs offer the certainty of knowing exactly how much you’ll earn. Your rate is locked in for the life of the CD, protecting you if interest rates drop. There’s a fee for early withdrawals, but this encourages disciplined money growth. You can enhance your returns with CD laddering – a savvy tactic to spread the dates when your CDs mature. You benefit from locked-in returns across different rates and terms.
  • Prefer more flexibility? A HYSA offers strong growth with the added perk of fee-free withdrawals. Interest rates could go up or down based on market fluctuations – but the added freedom is ideal for life’s unexpected turns.
A short animation showing how the Amex App combines credit card and checking account features, including account and Membership Reward point balances.

Let’s start looking ahead.
Your interest earnings are waiting.

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.