Source: https://www.americanexpress.com/en-us/banking/online-savings/cd-account/ Read: 2026-10-22T07:53:15.000Z Skip to main My Account Cards Banking Travel Rewards & Benefits Business Customer Service Log In Savings High Yield Savings CDs Support Open an Account View All Cards Watch your money grow with a Certificate of Deposit (CD) Choose your term — from months to years — to lock in your rate.1 Open CD Account Featured Benefits UP TO 4.40% APY1 Based on the term you select Fixed Interest Rate & APY Know exactly how much you’ll earn by locking in your rate No Monthly Fees2 Enjoy no minimum balance and no monthly fees Earns Daily Interest Interest is compounded daily and credited to your account monthly 24/7 Customer Support Bank confidently with world-class customer service from American Express Browse all available CD terms Featured APY 4.40% APY 10-month term 3.65% APY 11-month term 3.65% APY 12-month term 3.65% APY 14-month term 3.65% APY 18-month term 4.40% APY 22-month term 3.65% APY 24-month term 2.25% APY 36-month term 2.25% APY 48-month term 3.00% APY 60-month term View previous term View next term Choose your term when you open a CD account Compare Savings products High-Yield Savings Account (HYSA) High-yield growth with added flexibility Interest rates can go up or down based on the market Funds can be withdrawn with no penalty — great for unexpected challenges Explore HYSA Certificate of Deposit Account Know exactly how much your investment will earn A fixed APY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 Open CD Account Calculate your money’s future value Know how much you can earn from a Certificate of Deposit (CD) Tell us how much you want to deposit and for how long Enter Initial Deposit Amount No minimum balance required USD $ $ Future Balance $518 Select CD Term Early withdrawal penalties may apply 10-Month Term (earns 4.40% APY) 11-Month Term (earns 3.65% APY) 12-Month Term (earns 3.65% APY) 14-Month Term (earns 3.65% APY) 18-Month Term (earns 3.65% APY) 22-Month Term (earns 4.40% APY) 24-Month Term (earns 3.65% APY) 36-Month Term (earns 2.25% APY) 48-Month Term (earns 2.25% APY) 60-Month Term (earns 3.00% APY) Interest Earned $18 Interest compounds daily. Savings calculator is for illustration only.³ Apply for an Account in minutes 1. Open a Certificate of Deposit and we’ll verify your identity – you’ll receive a confirmation email when your Account is opened. 2. Register your online account after you receive your confirmation email. 3. Sign in and fund your new Account by linking your current bank. Linking your external account can take up to two days. Or you may also mail a check. Open CD Account See FAQs for further details about the transfer process, or contact us 24/7 with questions. Get to know CDs and HYSAs: a path to smart savings Certificates of deposit (CDs) and high-yield savings accounts (HYSAs) can be smart, convenient ways to grow your funds. CDs offer the certainty of knowing exactly how much you'll earn. Your rate is locked in for the life of the CD, allowing you to keep your rate 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. Learn More About CDs 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. Open CD Account More From American Express Accounts offered by American Express National Bank. Member FDIC. Frequently Asked Questions Have other questions? Get more answers by reviewing our full list of FAQs. Consumer Banking Legal Agreements Printable Forms Contact Us Create Online Access Deposit Account Agreement Privacy Statement Need Help? Terms and Conditions 1 The Annual Percentage Yield (APY) as advertised is accurate as of 10/22/2026. 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 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. 3 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. 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