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.

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.
ACCOUNT VALUE BY TERM | APY |
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FUTURE BALANCE
INTEREST EARNED
Interest compounds daily. Savings calculator is for illustration only.4

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.
How Can We Help?
Frequently Asked Questions
What is a Certificate of Deposit (CD) account?
What is the difference between a High Yield Savings Account and a Certificate of Deposit (CD)?
Can I add additional funds to a CD once it's been opened?
What is a Maturity Date and what happens after that date?
Am I allowed a partial withdrawal of funds from my CD?
What if I want to withdraw my funds from my Certificate of Deposit (CD) before the Maturity Date?
Facts & Forms
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Let’s start looking ahead
Your high-interest earnings are waiting.
If you want more access to your money, check out a High Yield Savings Account.
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.
* 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.
** 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.
2 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 Deposit Account Agreement for additional terms and conditions and Truth-in-Savings disclosures.
3 For purposes of transferring funds, 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 Deposit Account Agreement 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.