American Express CD rates have tumbled on the long end of the curve while holding their competitive position for the shorter term maturities. For terms or maturities of 18 months or longer, the American Express CD rates are falling behind the top CD rates for similar terms. On the six month and one year maturities, the American Express Bank CDs are well above the national average CD rates for similar terms but are not quite reaching the top ten highest rates in these term categories.
Current American Express CD rates for July 2013 include the following interest rates and terms:
The American Express 6 month CD rate is 0.40%.
A 12 month CD at American Express has an interest rate of 0.55%.
The 18 month CD rate is 0.60%.
A 24 month certificate yields 0.60%.
The 36 month bank CDs, 48 month term CD and the 60 month CD all earn an interest rate of 0.60%.
The American Express CD rates listed are current as of July 18, 2013 and are subject to change at the bank’s discretion. The bank CDs are all fixed rat accounts. Once a CD account is opened, the CD rates remain in effect throughout the term of the certificate. The bank CD interest rates are based on the institution’s online published rates and may have changed since this publication date.
American Express Bank accounts can be funded through an external account or by sending a personal check. Once the CD account is opened it can be easily managed with the bank’s online banking resources.
The certificate of deposit interest rate and Annual Percentage Yield (APY) will be fixed as of the date the bank receives a complete application, provided that the account applicant submits the minimum opening deposit amount no later than 30 days after the bank approves the account application.
The CD accounts are offered by American Express Bank, an FDIC insured bank. The bank CD deposits are insured to at least $250,000.00.
The bank and bank CD rate information for American Express is believed to be reliable, but the information is not guaranteed. Contact the bank directly for the most up to date and accurate bank rates and account terms and conditions.
Additional information on the current bank rates and account terms can be obtained by contacting an American Express customer service representative at1-800-446-6307.
American Express CD Rates have often been some of the highest CD rates available nationwide. The bank may not have always had the best CD rates however; they were usually among the top 25 best bank rates. All that changed in the end of September as bank CD rates moved lower across the nation and so did those promoted by American Express.
As the economy has stalled low interest rates have swept across all fixed income securities. Lower bank CD rates are becoming common from the biggest banks to the most competitive online banks. American Express CDs had held on with quite generous CD yields up until this month.
American Express Bank offers a variety of terms and CD interest rates. The bank CDs promoted are all fixed interest rate accounts. As with most bank CDs, the longer the investment terms the more money that can be made from higher interest rates. The certificate of deposit accounts offered by American Express Bank are insured by the Federal Deposit Insurance Corporation (FDIC) up to the maximum applicable limit.
CD account holders can receive the credited interest from the American Express Bank CDs account on a monthly, quarterly or annual basis by either having the interest remain in the certificate account, sent to the account holder by check or transferred electronically to another linked account or the American Express High Yield Savings Account. New account holders can open, fund and managed a new bank CD from American Express 24 hours a day either online or by phone.
There is no minimum deposit requirement needed to open an American Express CD and there are no fees to maintain a CD from American Express. Early withdrawal penalties may apply to accountholders that withdraw some or all of the CD principal prior to maturity.
Current American Express Bank CD rates include the following rates and terms:
6 month CD rate at American Express is 0.40%
1 year American Express CD rate is 0.55%
18 month CD interest rate is 0.60%
2 year bank CD rate is 1.30%
3 year CD rate is 1.40%
4 year CD rate is 1.50%
5 year Am Ex CD rate is 1.60%
While these CD interest rates are significantly lower than they were just a few months ago, they are still well above the national average rates. Based on the weekly national rates and caps posted by the FDIC, for the last week of September the national average CD rate for a 1 year CD was 0.37% which puts American Express Bank’s CD rate for that term well above the national average. The average rate posted by the FDIC for a two year CD rate is 0.59% putting American Express Bank’s CD rate on a two year term 71 basis points higher.
The best American Express Bank CD rates listed are current as of Oct 1, 2011 but are subject to change at any time by the bank. Although we strive to provide the most accurate bank rate data possible, we cannot guarantee its accuracy.
For more information on American Express CDs and other bank products, the bank can reached directly at 1-800-446-6307.
American Express remains persistent in offering CD rates that are well above the national average rates. American Express bank products are offered through their online banking services, via phone or good old fashion standard mail. Since the majority of their business is conducted online it is more reasonable to compare American Express CD rates to other online banks. Within the category of online only banks, American Express CD rates outperform the averages as well.
American Express Bank offers a very limited array of bank products; however the wide reach of American Express Bank and the competitive rates offered has allowed the bank to grow to be quite substantial. American Express Bank is currently ranked as the 40th largest bank in the U.S. The bank CDs and savings accounts are FDIC insured bank products. The bank is chartered as a savings association and has a primary regulator of the Office of the Comptroller of the Currency.
American Express CD rates through the first half of 2011 have been very stable. The bank changes their interest rates when sustained market movements warrant rate changes but the bank rarely moves rates based on quick market changes. Along with the extremely competitive CD rates, American Express offering one of the highest savings account rates available nationally. The American Express high yield savings account has a current yield of 1.00 percent.
CD rates offered by American Express in mid August include the following terns and rates:
6 month CD rate is 0.50%
12 month CD rate is 0.90%
18 month CD rate 1.00%
24 month CD rate 1.25%
36 month CD rate 1.45%
48 month CD rate 1.60%
60 month CD rate 2.15%
As a testament to the solid performance of the bank CD rates, these current CD interest rates are unchanged over the past 60 days. The average national CD rate for a 6 month CD is now at 0.28 percent, American Express 6 month CD rate is almost double that figure. The national average CD rate on a 1 year term is 0.43 percent and the American Express 1 year CD rate is once again almost double that figure. The remaining maturities are also well above the national average rates but by not quite the same magnitude.
The CD interest rates listed are current as of this publication date. There is no minimum opening deposit to open and maintain an American Express CD. The CD accounts also have no fees to open or maintain the accounts. There may be early withdrawal penalties if principal is withdrawn from the accounts prior to maturity.
American Express CD rates have continued to beat the national averages throughout the month of June. CD accounts offered by American Express are issued under American Express Bank, FSB. American Express Bank is an online only bank that is currently ranked as the 42nd largest bank in the nation based on assets.
New CD account holders to American Express can call the banks’ customer service line or open and fund their account online. New bank accounts can funded through a bank transfer from another account or a personal check. Once opened, the bank CD accounts can be managed account online.
At the present time, American Express CDs with a six month term have a yield that is 20 basis points above the national average. The American Express one year CD rate is 45 basis points above the national average. A basis point is equal to 1/100th of a percent.
The American Express CDs have absolutely no minimum opening deposit requirements. The banks CDs also have no fees to open the account or maintain a CD account. The CD will have penalties for early withdrawals of the principal balance before the maturity date.
The interest earned on an American Express CD can remain in the account to earn compound interest, paid out to the account holder with a check or transferred electronically to another American Express account or other bank account.
Current CD rates offered by American Express include the following terns and rates:
American Express 6 month CD rate 0.50%
12 month CD rate 0.90%
18 month CD rate 1.00%
24 month CD rate 1.25%
36 month CD rate 1.45%
48 month CD rate 1.60%
60 month CD rate 2.15%
The American Express CDs are fixed interest rate and fixed term CDs that are FDIC insured. All CD interest rates listed are subject to change at any time prior to opening an account. The CD Annual Percentage Yields (APY) listed above are effective as of June 30, 2011.
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.
American Express Bank continues to offer competitive interest rates on their FDIC insured bank CDs and high yield savings accounts. The American Express CDs have several different maturities to choose from and as of this week, the one year CD and two year CD from American Express are among the top ten highest CD rates available nationally.
These accounts can be obtained online, with bank representative over the phone or through the mail. American Express Bank does not offer these products through traditional bank branches. The bank CD accounts or savings account can be opened, funded, and managed 24 hours a day via Internet access or phone.
Interest earned on the CDs can be withdrawn from the account before the maturity date. Account holders can receive the credited interest earned from the bank CDs on a monthly, quarterly or annual basis. The interest that has accrued can be held in the CD account, paid out by check or sent by electronic transfer to a linked account or the American Express savings account.
Current American Express CD rates and terms include:
6 month CD rate from American Express is 1.00%
1 year CD rate is 1.50%
18 month American Express CD rate is 1.65%
2 year CD interest rate 2.00%
3 year term bank CD rate is 2.25%
4 year bank rate is 2.50%
5 year CD rate 2.95%
The American Express Bank CDs require no minimum deposit and there are no monthly fees on the American Express certificates of deposit.
The CD interest rates or annual percentage yields (APY) listed are effective as of May 10, 2010 but are not guaranteed. For current American Express Bank CD rates and additional account information, a bank representative can be reached at 1-800-446-6307.
Customers looking to earn a competitive rate of return without the limitation of bank CDs can open an online savings account with the bank. The high yield savings account is a variable rate savings account.
The online savings account is currently among the top ten highest yielding accounts in the nation. This bank account with American Express also has no minimum balance requirement.
The American Express savings account allows access to the money anytime. The savings account allows the account holder the option of making up to 6 withdrawals per month from the account.