American Express CD Rates: Every Term, Penalties and How They Compare

American Express is better known for cards, but its online bank also offers CDs with no minimum deposit and 24/7 support. The catch is that only two terms pay a competitive rate. Here is every term, what the penalties cost and how Amex stacks up.

American Express CD rates today

Term	APY
10 months	4.40%
11 months	3.65%
12 months	3.65%
14 months	3.65%
18 months	3.65%
22 months	4.40%
24 months	3.65%
36 months	2.25%
48 months	2.25%
60 months	3.00%

APYs accurate as of Oct 18, 2026, from American Express’s CD page. CD rates change for new deposits; once you open a CD, your rate is fixed for the term.

Which Amex CD term is best?

• 10 months at 4.40%: about $365 on $10,000 over the term, with the lighter 90 day penalty that applies to terms under 12 months.
• 22 months at 4.40%: about $821 on $10,000 over the term, but the penalty jumps to 270 days of interest.
• Skip 3 and 4 years: 2.25% is far below the leaders, and those terms carry 270 to 365 day penalties.

Earnings compounded at the APY for the full term with nothing withdrawn. Illustration only.

Early withdrawal penalties

CD term	Penalty
Less than 12 months	90 days of interest
12 months to less than 48 months	270 days of interest
48 months to less than 60 months	365 days of interest
60 months	540 days of interest

American Express does not allow partial withdrawals: to take money out early you must close the CD. If the penalty is more than the interest you have earned, the difference comes out of your principal. On $10,000 in the 22 month CD, 270 days of interest is roughly $325.

How Amex CDs compare

Amex’s 10 month rate matches Bread Savings’ 9 month CD at 4.40% (as of Oct 17, 2026), and Amex needs no minimum deposit. Happen Bank’s 11 month CD pays more, 4.65% (as of Oct 20, 2026), with a $500 minimum. Its 22 month rate trails the best 2 year CDs we track: Happen Bank at 4.76% and Barclays at 4.75%. For other terms, compare our best CD rates page and the best 1 year CD rates.

How American Express CDs work

• Minimum deposit: none, and no monthly fees.
• Interest: compounds daily and is credited monthly.
• Adding money: only when you open the CD or during the 10 calendar day grace period after it matures.
• At maturity: CDs renew automatically unless you tell Amex otherwise, with a 10 day grace period to add or withdraw money without a penalty.
• Support: phone help around the clock.

Amex CD or Amex savings?

American Express High Yield Savings pays 3.20% APY with no lock up. Its 10 and 22 month CDs pay more if you will not need the money, but the other CD terms pay about the same as savings or less, with a penalty attached. Read our American Express High Yield Savings review.

Is it safe?

Amex CDs are held at American Express National Bank in Sandy, Utah, FDIC insured under certificate 27471, which we confirmed in the FDIC BankFind database. Deposits are covered up to $250,000 per depositor, per ownership category, and your Amex savings and CDs count toward the same limit.

See our American Express CD review for how it scores against other CDs.

Frequently asked questions

What are American Express CD rates today?

4.40% APY on 10 and 22 month CDs, 3.65% on 11, 12, 14, 18 and 24 months, 2.25% on 36 and 48 months and 3.00% on 60 months, as of Oct 18, 2026.

Does American Express have a minimum deposit for CDs?

No. There is no minimum deposit and no monthly fee.

What is the American Express CD early withdrawal penalty?

90 days of interest on terms under 12 months, 270 days on 12 to 47 months, 365 days on 48 to 59 months and 540 days on 60 months.

Can I withdraw part of an Amex CD?

No. Amex does not allow partial withdrawals; you must close the CD, and a penalty applies before maturity.

Are American Express CDs FDIC insured?

Yes. They are held at American Express National Bank, FDIC certificate 27471, up to $250,000 per depositor, per ownership category.