American Express CD Rates: June 2025

American Express offers a simple CD with decent🥂 rates

By

澳洲幸运5官方开奖结果体彩网:Kat Tretina

Updated May 29, 2025

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Although American Express is primarily known for its credit cards and charge cards, it also has several savings options, including high-yield savings accounts and a certif♛icate of deposit (CD).

American Express CD rates are up to 4.00%, higher than the national average for some term lengths. It has no minimum balance requirement, making it particularly useful for those without substantial savings. Compare American Express CDs to some of 澳洲幸运5官方开奖结果体彩网:the best CDs on the market today.

American Express CD Overview

American Express CD Rates
CD Term	APY	Minimum Balance
11 months	3.50%	No minimum
12 months	3.50%	No minimum
14 months	4.00%	No minimum
18 months	3.85%	No minimum
22 months	4.00%	No minimum
24 months	3.85%	No minimum
36 months	3.60%	No minimum
48 months	3.60%	No minimum
60 months	3.75%	No minimum

American Express’ CD accounts have 澳洲幸运5官方开奖结果体彩网:fixed interest rates. Otheཧr options, such as variable-rate and no-penalty CDs, are not available through American Express.

Compare American Express CD Rates

Several banks have rates higher than American Expre🅘ss, particularly for certain longer terms. And they often offer long🅺er options, allowing customers to lock in their interest rate for as long as 10 years.

However, some banks have minimum balance requirements that can be quite high. American Express doesn’t, so it may bඣe more attainable for those with limited cash reserves.

American Express CD: Key Features

American Express CD: Key Features
APY Range	3.50%–4.00%
Minimum Balance	No minimum balance
Term Range	11–60 months
Early Withdrawal Penalty	90–540 days’ interest
Grace Period at Maturity for Penalty-Free Withdrawals	10 calendar days

While some banks require you to deposit at least $2,500 or $5,000 to earn a higher yield on your CD, 澳洲幸运5官方开奖结果体彩网:American Express has no minimum balance requirement. That feature makes it a good option for those who may have l𓂃imited amounts to tuck away and so may not qualify for other CDs with high minimum balances.

American Express CD rates♎ vary by term length, and it offers high rates on specific terms. Other terms have much lower rates.

Like other CDs, you cannot touch the money in the American Express account until its maturity date. Otherwise, 澳洲幸运5官方开奖结果体彩网:early withdrawal penalties can range from 90 to 540 days’ interest.

However, American Express does allow you to withdraw some or all of the interest that’s been credited to the account before its maturity date. You can request a one-time payment of the interest to your savings account or opt to receive a che𒉰ck.

Important

American Express’ CDs require an upfront deposit, and you cannot add to the CD before its maturity date. If you want an 澳洲幸运5官方开奖结果体彩网:account with more flexibility, you may want to consider a high-yield savinไgs account.

Pros and Cons of American Express CD Rates

Pros

澳洲幸运5官方开奖结果体彩网:Various terms
澳洲幸运5官方开奖结果体彩网:No minimum deposit requirement

Cons

澳洲幸运5官方开奖结果体彩网:Early withdrawal penalties
澳洲幸运5官方开奖结果体彩网:Potentially better rates elsewhere

Pros Explained

Various terms: You can find CDs of various term lengths of up to five years with American Express.
No minimum deposit requirement: Unlike many other CDs, you won't face a minimum deposit requirement with American Express CDs.

Cons Explained

Early withdrawal penalties: Early withdrawal penalties can range from 90 to 540 days’ interest.
Potentially better rates elsewhere: American Express CD interest rates are fairly competitive, but you could likely find even better rates by shopping around.

About American Express

American Express is a major financial institution that offers credit cards, savings accounts, checking accounts, and personal loans. While the company is probably most well known for its credit cards, its savings accounts have become increasinꦡgly popular as well.

American Express also offers business financial services, includingℱ small business credit cards, busiꦡness checking accounts, business lines of credit, and payment solutions.

Alternatives to American Express CDs

High-yield savings accounts: If you’re willing to open an online savings account elsewhere, you may be able to earn higher rates. See the 澳洲幸运5官方开奖结果体彩网:best high-yield savings෴ account 🦄rates to compare how much you could earn.
High-yield checking accounts: You may find relatively high rates with some checking accounts. Be aware of their requirements and limits. The 澳洲幸运5官方开奖结🌊果体彩网:best high-interest checking accounts give you easy access to your money.
Certificates of deposit (CDs): You can also choose from a range of 澳洲幸运5官方开奖结果体彩网:CD꧅s from other financial institutions.
Money market account: Money market account can also provide a return on your savings. Check the 澳洲幸运5官方开奖结果体彩网:best money market account rates to see how it compares.
Treasury securities: These government-backed bills, notes, and bonds sometimes offer even higher rates than CDs and may be more liquid.

Frequently Asked Questions (FAQs)

How Do You Get a CD With American Express?

You can 澳洲幸运5官方开奖结果体彩网:open a CD online with A♓merican Express if you meet the following require🥀ments:

You must be at least 18.
You must be a U.S. citizen or a resident alien with a valid Social Security number or an individual Taxpayer Identification Number with a U.S. address.
You must use the account for personal use only.

The CD must be funded within 60 days. Otherwise, American Express will close the account.

Are American Express CDs Worth Investing In?

As of publication, the rates on American Express CDs with certain terms were significantly higher than the national average. And because American Express doesn’t require a minimum balance, you can open a CD with a relatively small amount to take advantage of the higher yield or 澳洲幸运5官方开奖结果体彩网:build a CD ladder. For oth🐠er term options, other banks may offer better rates.

Are American Express CDs FDIC-Insured?

Yes, American Express CDs are backed by 澳洲幸运5官方开奖结果体彩网:FDIC insurance on deposit amounts up to $250,000 per customer.

How Do You Get the Best CD Rate With American Express?

American Express CD rates depend on the term length rather than the amount of your deposit. Unlike many banks, a longer term doesn’t necessarily mean you’ll get a highꦑer APY. 💜Currently, American Express offers the best CD rates on CDs with relatively short terms.

If you’re looking for the highest APYs on the market, check out our picks for the 澳洲幸运5官方开奖结果体彩网:best CD rates.

Your Guide to CDs

Article Sources

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