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American Express Savings Accounts & Certificates of Deposit

Grow your savings with competitive rates on FDIC-insured deposit accounts from American Express. Whether you're saving for short-term goals or planning for the future, we offer flexible options to help you reach your financial objectives.

Savings Products

High-Yield Savings

4.50% APY*

Earn premium rates on your savings with no minimum balance requirements.

  • No monthly fees
  • No minimum balance
  • FDIC-insured up to $250,000
  • 24/7 online access
  • Unlimited deposits
  • Easy fund transfers

6-Month Certificate of Deposit

4.75% APY*

Lock in a guaranteed rate for 6 months with no withdrawal penalties.

  • Fixed rate guarantee
  • $1,000 minimum deposit
  • FDIC-insured up to $250,000
  • Early withdrawal option
  • Automatic renewal
  • Interest paid monthly

12-Month Certificate of Deposit

4.95% APY*

Maximize your returns with our highest CD rate for a full year.

  • Premium fixed rate
  • $1,000 minimum deposit
  • FDIC-insured up to $250,000
  • Guaranteed maturity value
  • Penalty-free withdrawals
  • Monthly interest option

24-Month Certificate of Deposit

5.10% APY*

Build wealth steadily with our competitive 24-month CD rate.

  • Competitive long-term rate
  • $1,000 minimum deposit
  • FDIC-insured up to $250,000
  • Predictable growth
  • Renewal reminders
  • Multiple interest options

Why American Express for Banking?

FDIC Protection: All deposits are FDIC-insured up to $250,000, providing security and peace of mind for your savings.
Competitive Rates: We consistently offer rates among the highest in the market, helping your money grow faster.
Easy Management: Manage your accounts online 24/7 with our secure digital banking platform and mobile app.
No Hidden Fees: No monthly maintenance fees, no minimum balance fees, and transparent terms on all products.

CD Rates & Terms Comparison

Term Length APY* Minimum Deposit FDIC Insured Early Withdrawal
High-Yield Savings 4.50% $0 Yes - $250K Anytime
6-Month CD 4.75% $1,000 Yes - $250K Without Penalty
12-Month CD 4.95% $1,000 Yes - $250K Without Penalty
24-Month CD 5.10% $1,000 Yes - $250K Without Penalty

Getting Started

  1. Choose Your Product: Decide between High-Yield Savings or a CD based on your financial goals
  2. Open Account Online: Complete our simple application in minutes
  3. Verify Your Identity: Securely confirm your information through our identity verification process
  4. Fund Your Account: Transfer funds from your bank account to get started
  5. Start Earning: Watch your savings grow with competitive rates

*Annual Percentage Yield (APY) is accurate as of the date this page was published and is subject to change at any time at our discretion. Rates are variable for High-Yield Savings and fixed for CDs. FDIC insurance coverage limits apply. Certain restrictions and early withdrawal penalties may apply to CDs. Please review the complete terms and conditions before opening an account.