The American Express savings account offers one of the best rates on the cash you stow away. They're CD rates are decent, but you can find better elsewhere. Amid the coronavirus pandemic, banks and credit unions are trying to offer some relief to their affected customers. American Express CD Rates are some of highest CD rates being offered right now. This article will help you to earn the most on your savings. The best investment move is with AMEX CD Rates. Earn more money with American Express Bank and their competitive CD's. These are high yield investments with fixed interest rates. If you're looking for the Best 60-Month CD Rates to invest your funds in, you're in the right spot. Below is our guide to help you find the Best 60-Month CD Rates. .The national average APY referenced is published in the FDIC's Weekly National Rates and Rate Caps; average rate used is for savings deposits under $100,000. Visit the FDIC website for details. †You are generally permitted to make up to nine (9) withdrawals or transfers out of your High Yield Savings Account during a monthly statement cycle. At Marcus, our high-yield Certificate of Deposit comes with our 10-Day CD Rate Guarantee. Open a CD and deposit at least $500 within the first 10 days. If the rate on your selected CD term goes up during this time, you'll get that rate — automatically. Open in minutes; $500 minimum balance; US-based Contact Center open 7 days a week.

• Amex Bank Cd Rates
• Amex Savings Cd Rates

American Express Bank gives its customers several options for choosing a certificate of deposit (CD) with terms from six months up to five years. The bank doesn't require a minimum deposit to open a CD, giving you the opportunity to choose exactly how much you put into your account. Interest compounds daily, allowing you to efficiently watch your money grow over time.

American Express gives you the option to either withdraw interest payments penalty-free or keep your profits in the account to continue earning interest. Withdrawing interest payments will, however, cause your APY to be lower since your starting rate assumes you will keep your interest payments in the account until the maturity date.

While other banks offer higher CD interest rates, American Express CDs still make our list of the best CDs for offering no minimum deposit and accessible customer service. Bankrate gives American Express Bank four stars out of five in its overall bank rating.

American Express CD Rates

An Amex CD is a straightforward way to lock in a fixed interest rate for your savings. Let's take a closer look at what American Express Bank offers.

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Amex Bank Cd Rates

Note: The APY (annual percentage yield) shown is as of Jan. 4, 2021. The APY may vary in region.

How American Express compares to top-yielding banks

Amex CD rates are far below those of other banks with top-earning CDs - especially for accounts with terms less than three years. Marcus by Goldman Sachs, for example, offers a much higher rate on its 12-month CD.

American Express does offer accounts with no minimum deposit, while Marcus requires at least $500 to open an account. But Ally Bank, among others, also offers no minimum deposit with much higher interest rates. Other CD terms tell the same story - American Express CD rates don't reach those of the best certificates of deposit.

Other savings options at American Express

American Express Bank offers more than just certificates of deposit to hold your savings. If you want more flexibility for adding and withdrawing funds, the American Express high-yield savings account with no fees and no minimum account balance. Amex allows up to nine withdrawals from high yield savings each statement cycle.

Because American Express doesn't offer a checking account or issue debit cards or checks for its high-yield savings account, you'll have to transfer funds to another bank to make a withdrawal. The bank is completely online, so you won't be able to visit a physical branch. You can, however, reach American Express customer support 24 hours a day.

Amex Savings Cd Rates

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