American Express CD
American Express lists 4.40% APY on its 10-month and 22-month CDs, accurate as of 10/19/2026, with no minimum balance and no monthly fees. Your rate is the higher of the rate at application or at funding. CDs are held at American Express National Bank (FDIC cert #27471), which we confirmed is active.
Is the American Express CD worth it?
American Express pays 4.40% APY on its 10-month and 22-month CDs, per the American Express CD page, with APYs accurate as of October 19, 2026. The 11-, 12-, 14-, 18- and 24-month terms pay 3.65%, the 36- and 48-month terms pay 2.25% and the 60-month term pays 3.00%.
There is no minimum balance to open the account or earn the APY, and no monthly fees. Your CD’s rate is fixed at the higher of the rate shown when you apply or the rate offered when the CD is funded, and you have 60 calendar days from approval to fund it. Interest compounds daily and is credited monthly. You cannot add money after the CD is opened, and American Express warns that early withdrawal penalties can be large enough to cost some principal.
The CD is held at American Express National Bank. We confirmed with the FDIC that it is an active insured institution (certificate #27471, Sandy, Utah), with coverage up to $250,000 per depositor, per ownership category. The APY is fixed once the CD is funded, but rates for new CDs can change at any time. This is not financial advice.
How does a certificate of deposit (CD) work?
A certificate of deposit locks your money for a fixed term in exchange for a fixed rate. You agree not to touch the funds until maturity; withdrawing early usually triggers a penalty of several months' interest. When the term ends, many CDs auto-renew unless you move the money.
How much could you earn with the American Express CD?
At a 4.4% APY, a $10,000 balance in the American Express CD earns about $440 in interest over a year, before taxes. Double the balance and you roughly double the interest; your real return depends on how long the rate holds.
Estimate based on the figures on this page, not an offer. Your results will differ.
What are the pros and cons of the American Express CD?
The American Express CD stands out for 4.40% APY on 10 and 22 months, per American Express (10/19/2026), though 11-, 12-, 14-, 18- and 24-month terms pay only 3.65% APY.
- 4.40% APY on 10 and 22 months, per American Express (10/19/2026)
- No minimum balance and no monthly fees
- Rate is the higher of the application or funding rate
- 11-, 12-, 14-, 18- and 24-month terms pay only 3.65% APY
- No additional deposits after the CD is opened
- Early withdrawals may cost enough to reduce principal
Who should get the American Express CD?
The American Express CD is best for savers who want a 10-month CD with no minimum.
- Savers who want a 10-month CD with no minimum
- Anyone who wants rate protection between application and funding
- Existing Amex customers
How does the American Express CD compare?
Among the 13 certificates of deposit (cds) we track, the American Express CD ranks #2 with a Money 8020 score of 97/100.
| Product | Score | Tier | Provider |
|---|---|---|---|
| Bread Savings CD | 99 | Essential | Bread Savings (Comenity Capital Bank) |
| American Express CD | 97 | Essential | American Express National Bank |
| Capital One 360 1-Year CD | 97 | Essential | Capital One |
| Marcus by Goldman Sachs High-Yield CD | 96 | Essential | Marcus by Goldman Sachs |
| Synchrony Bank CD | 96 | Essential | Synchrony Bank |
See all certificates of deposit (cds), ranked →
Common mistakes to avoid with a certificate of deposit (CD)
- Locking up money you might need before maturity and eating an early-withdrawal penalty.
- Letting the CD auto-renew into a lower rate instead of shopping at maturity.
- Picking the longest term for a slightly higher rate when a shorter ladder gives more flexibility.
- Ignoring the minimum deposit required to open the term you want.
Key takeaways
- American Express CD earns a Money 8020 score of 97/100, ranking #2 of 13 certificates of deposit (cds).
- 4.40% APY on 10 and 22 months, per American Express (10/19/2026)
- At a 4.4% APY, a $10,000 balance in the American Express CD earns about $440 in interest over a year, before taxes.
- Best for savers who want a 10-month CD with no minimum.
- Rate and FDIC/NCUA insurance status fetched from American Express National Bank and corroborated against a regulator.
Frequently asked questions about the American Express CD
What are American Express CD rates today?
As of 10/19/2026, American Express lists 4.40% APY on its 10-month 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. There is no minimum balance. This is not financial advice.
Is an American Express CD FDIC insured?
Yes. Amex CDs are held at American Express National Bank, which we confirmed with the FDIC is an active insured institution (certificate #27471, Sandy, Utah). Coverage is up to $250,000 per depositor, per insured bank, per ownership category.
What happens if I withdraw from the American Express CD early?
Most CDs charge an early-withdrawal penalty, commonly several months' interest, if you take the money out before maturity. Only commit funds you won't need during the term.
Does the American Express CD renew automatically?
Many CDs auto-renew at maturity into a new term at the then-current rate unless you withdraw or change it during a short grace period. Confirm the renewal terms with the provider.
Sources
We fetched these figures from the provider and corroborated them against a regulator, last checked October 19, 2026. Primary sources: