Lock in your fixed rate and watch your money grow with a Certificate of Deposit (CD).2


A CD is ideal for someone who doesn’t need access to their funds in the short term and wants the assurance of a fixed interest rate.

Put your money to work when you open an American Express® Certificate of Deposit account.







Amex Savings benefits

With a CD, you choose your term – up to 5 years – for a locked-in rate.

No minimum balance + no monthly fees1

24/7 world-class customer service

Member FDIC

Strengthened by the service & reliability of American Express

With a CD, you're only allowed an initial one-time deposit. If you're interested in making monthly or recurring deposits, a High Yield Savings Account (HYSA) is probably a better choice for you. With a CD, your funds are held until maturity. If you wish to withdraw funds before your maturity date, that withdrawal will be subject to penalties.2

Fund it and forget it.

Interest rate and APY are fixed

You'll know exactly how much you’ll earn on Day 1 by locking in your rate.

Compounding daily, depositing monthly

Your interest compounds daily and is deposited in your account monthly until maturity.

Member FDIC

Each depositor is insured to at least $250,000.


Select your terms to calculate your money’s future value.


No minimum balance required



Start banking quickly.


Transferring money between your Savings account and your external bank account is easy to set up and complete online.


  1. Open an Account in minutes. To verify your identification, we’ll use your personal details to check your public records – without affecting your credit. 
  2. Register your online savings account after you receive your confirmation email (within minutes of applying).
  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 2 days.


See FAQs for further details about the transfer process, or contact us 24/7 with questions.

Start banking now instructions
Amex Savings CD benefits

What is a Certificate of Deposit and How Does it Work?

A certificate of deposit, better known as a CD, is a secure, low-risk way to set aside – and earn interest on – a chunk of savings for a pre-determined period of time.

Let’s start looking ahead

Your high-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

* The Annual Percentage Yield (APY) as advertised is accurate as of . 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.


** The national rate referenced is from the FDIC's published Monthly Rate Cap Information for Savings deposit products. Visit the FDIC website for details.


1 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.


For a CD account, rates are subject to change at any time without notice before the account is funded. The rate received will either be (i) the rate reflected during your application process 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. The interest rate and Annual Percentage Yield (APY) will be disclosed in your account-opening documents, which you will receive after completing your account-opening deposit. After a CD is opened, additional deposits to the account 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 terms and conditions and Truth-in-Savings disclosures.


3 For purposes of transferring funds to or from an external bank, business days are Monday through Friday, excluding holidays. Transfers can be initiated 24/7 via the website or phone, but any transfers initiated after 7:00 PM Eastern Time or on non-business days will begin processing on the next business day. Funds deposited into your account may be subject to holds. See the Funds Availability section of your Consumer Deposit Account Agreement and Savings Schedules for more information.


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.


5 IRA Contributions are subject to aggregate annual limits across all IRA plans held at American Express or other institutions. IRA distributions may be taxed and subject to penalties based on IRS guidelines. Required minimum distribution, if applicable, is only relevant to this IRA plan and does not take into consideration other IRA plans held at American Express or other institutions. Please see IRS.gov for more information. We recommend you consult with a financial or tax advisor when making contributions to and distributions from an IRA plan account.