American Express Bank CD Rates

American Express Bank, the banking arm of the credit card company is offering certificate of deposits and savings accounts. The bank CD rates being offered are very competitive.  During the credit crises of 2008 American Express became a bank holding company to collect deposits.

The Bank’s 3 month CD rates are yielding .60 percent. American Express Bank’s 6 month CD yield is at 1.00 percent. The bank’s longer term certificate of deposit rates are also very competitive,  their one year certificate of deposit APY is 1.75 percent. Their 18-month CD rate is at 2.15 percent.

Amex Bank’s two year certificate of deposit currently has an APY of 2.25 percent. Their 3 year CD yield is at 2.75 percent. The 4 year certificate of deposit yields are at 3.00 percent and the five year CD yields are at 3.25 percent. The certificate of deposits are FDIC insured. American Express Bank’s FDIC Cert number is 35328.