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American Express CDs Review
Our take: 4.40% APY on 10 and 22 month CDs with no minimum deposit, but most other terms pay much less and penalties are steep.
Pros
- 4.40% APY on 10 and 22 months
- No minimum deposit
- Highly rated app and 24/7 support
Cons
- Most other terms pay 2.25% to 3.65%
- Steep penalties, up to 540 days
- Penalty can reduce principal
Key facts
- Terms
- 10 to 60 months
- Early withdrawal penalty
- 90 days (under 12 months); 270 days (12 to 47 months); 365 days (48 to 59 months); 540 days (60 months)
- Funding
- Within 60 days
- Added deposits
- Only at opening or in the 10 day grace period
- Minimum to open
- $0
- Monthly fee
- No monthly fee
- Insurance
- FDIC insured up to $250,000 per depositor, per ownership category
- FDIC certificate
- 27471 (American Express National Bank, Sandy, UT)
- Mobile app
- Amex app: 4.9 on the App Store, 4.8 on Google Play (Sep 28, 2026)
Source: American Express website, checked Oct 28, 2026. Insurance details from the FDIC BankFind database.
American Express CDs pay up to 4.40% APY (10 and 22 months) and 3.65% APY on 12 months, with no minimum deposit. Amex CDs are held at American Express National Bank (FDIC certificate 27471). Rates accurate as of Oct 28, 2026, checked on Oct 28, 2026.
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% |
From American Express’s CD page, rates accurate as of October 19, 2026. CD rates are fixed for the term once your CD is opened and funded.
Which American Express CD term is best?
Only the 10 and 22 month CDs pay the top rate. The 10 month CD has the lighter 90 day penalty; the 22 month CD carries a 270 day penalty.
Minimum deposit and early withdrawal penalties
There is no minimum balance to open. Early withdrawal costs 90 days of interest under 12 months, 270 days for 12 to 47 months, 365 days for 48 to 59 months and 540 days for 60 months, and the penalty can reduce principal.
How American Express CDs work
- Fixed rate for the full term
- Your rate is the higher of the rate when you apply or when you fund
- Fund within 60 days
- Add money only at opening or in the 10 day grace period
Is American Express safe?
Yes. American Express National Bank is FDIC certificate 27471, which we confirmed as active in the FDIC BankFind database. Deposits are insured up to $250,000 per depositor, per ownership category.
Compare CD rates by term: 6 month · 9 month · 1 year · 18 month · 2 year · 3 year · 4 year · 5 year
How it compares
The best CD rate we track right now is Sallie Mae Bank CDs. Compare every CD on our CD rates page. See our full American Express CD rates guide and the Amex High Yield Savings review.
Who it is best for
- Savers who want a 10 month CD at a top rate
- Existing Amex customers who want everything in one app
How American Express compares
| Account | Rating | Best APY | 12 month APY |
|---|---|---|---|
| E*TRADE CDs (Morgan Stanley Private Bank) | 4.7 | 4.80% | 4.55% |
| Barclays Online CD | 4.7 | 4.75% | 4.50% |
| Synchrony Bank CDs | 4.7 | 4.75% | 4.30% |
| Capital One 360 CDs | 4.7 | 4.50% | 4.00% |
| Marcus by Goldman Sachs High Yield CD | 4.6 | 4.40% | 4.40% |
| Bread Savings CD | 4.4 | 4.85% | 4.45% |
| CFG Bank CDs | 4.4 | 4.82% | 4.65% |
| Happen Bank CD | 4.4 | 4.76% | 3.50% |
| American Express CDs | 4.4 | 4.40% | 3.65% |
| Always.bank CDs | 4.3 | 4.15% | 4.15% |
| Service Credit Union Share Certificates | 4.3 | 4.10% | 4.10% |
| Sallie Mae Bank CDs | 4.2 | 5.00% | 4.50% |
| Ivy Bank CDs | 4.2 | 4.25% | 4.05% |
| Popular Direct CDs | 4.0 | 5.00% | 4.60% |
| Peak Bank CDs | 4.0 | 3.69% | 3.69% |
American Express CD FAQ
What are American Express CD rates today?
4.40% APY on 10 and 22 months and 3.65% on 12 months, as of Oct 28, 2026.
Is there a minimum deposit?
No minimum balance is required to open an Amex CD.
What is the early withdrawal penalty?
90 days of interest under 12 months, 270 days for 12 to 47 months, 365 days for 48 to 59 months and 540 days for 60 months.
Is American Express National Bank FDIC insured?
Yes. FDIC certificate 27471.
Ready to open American Express CDs?
Rates as of Oct 28, 2026. Confirm the current rate and terms on the provider’s site before you apply.