IRA Certificate of Deposit

There is no minimum deposit1 required to begin your retirement savings journey with an IRA Certificate of Deposit.

Open your Traditional or Roth IRA Plan5 and save with an IRA Certificate of Deposit.







Your Retirement Savings – Fund It and Forget It

Interest rate and APY are fixed

Choose from a variety of terms, up to 5 years.

Compounding daily, depositing quarterly

Your interest compounds daily and is deposited in your account quarterly.

Member FDIC

Each depositor is insured to at least $250,000

Select your terms to calculate the future value of your nest egg.


No minimum balance required



Start your IRA Savings journey today.5


  1. When you’re ready to get started, open an IRA in minutes with our easy online application.
  2. Create Online Access and Log In to fund your new IRA by linking your current bank, or mailing a check, and submitting the appropriate contribution form.
  3. Watch for your Welcome Kit to arrive in 7-10 business days with additional account detail for your records.

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


Before opening an IRA Plan, we recommend you consult with your tax advisor.

Start your IRA Savings journey today.
Amex Savings IRA benefits

IRA Basics

What is an IRA and how does it work? An IRA – which stands for Individual Retirement Arrangement– is an account you open at a qualified financial institution that allows you to save for retirement in a tax-advantaged way.

Retirement savings simplified

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

* 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.


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 for more information. We recommend you consult with a financial or tax advisor when making contributions to and distributions from an IRA plan account.