American Express CD rates are among the best CD rates available nationally. For the week ending May 14, 2010 American Express Bank CDs with a one year term and two year term are among the top ten highest CD rates available nationally. The other CD rates and terms offered by American Express are also competitive with the top national CD rates.

During the past week, American Express CD rates were unchanged.

The current American Express CD rates and terms include:

6 month CD rate at 1.00%
1 year American Express CD rate at 1.50%
18 month bank CD rate is 1.65%
2 year American Express CD interest rate 2.00%
3 year bank CD rate is 2.25%
4 year term bank CD rate is 2.50%
5 year CD interest rate is 2.95%

American Express Bank CDs are offered through American Express Bank which is chartered as a Savings Association and has been FDIC insured since the year 2000.

The American Express Bank online savings account interest rate was also unchanged for the week. The American Express Bank savings account is currently yielding 1.30%. This bank account is also among the top ten best savings account rates available nationally.

The American Express Bank CDs and savings account can be obtained online, over the phone or through the mail. The bank CD accounts and the American Express Bank savings account can be opened, funded, and managed 24 hours a day via Internet access or via phone.

There is no minimum deposit on the American Express Bank CDs. There are no fees or minimum balance requirements on the bank’s high yield savings accounts as well. There are no fees on the bank CDs other than any penalties that may apply to withdrawals of the principal from the certificates of deposit prior to their maturity.

The bank CD interest rates and savings account rates or annual percentage yields (APY) listed are effective as of May 17, 2010 but are not guaranteed. For current American Express Bank CD rates, savings rates and additional account information, a bank representative can be reached at 1-800-446-6307.

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