American Express National Bank sells CDs with terms of up to five years, and its deposits are FDIC insured (each depositor to at least $250,000). The page for its CDs showed no APYs, minimums or penalty schedule that we could read on October 15, 2026, so this page does not list any. Get the current rate, minimum and penalty for your term from American Express before you open one. For an overview of all AmEx banking products, see the American Express banking guide.
What American Express Says About Its CDs
| Feature | Detail |
|---|---|
| Terms | “A variety of CD terms, up to five years” |
| FDIC insurance | Member FDIC; each depositor insured to at least $250,000 |
| Rates, minimum deposit, penalties | Not shown on the page we read; check americanexpress.com or the account agreement |
Source: American Express’s Online Savings page, October 15, 2026.
CD or Savings Account?
A CD fixes your rate for the term and charges a penalty if you take money out early. A high-yield savings account lets you withdraw anytime, but its rate can change. If you might need the money, a savings account is the better fit. See the American Express savings rate page for the savings side.
CD Laddering
A CD ladder spreads savings across several terms so something matures regularly. For example, split a sum into equal CDs of 1, 2 and 3 years; as each matures, you can spend it or reinvest it at the rate then offered. Use the CD laddering guide and CD calculator with the rates you are offered.
Compare Before You Open
For CD rates we read on bank pages, with dates, see best CD rates. For direct comparisons, see AmEx vs Ally, AmEx vs Marcus and AmEx vs Synchrony.
Tax Considerations
CD interest is taxable income. Under IRS Publication 550, you generally include interest in income when you receive it or can withdraw it without a substantial penalty, and for a CD longer than one year you report part of the interest each year as original issue discount. Your bank reports interest of $10 or more on Form 1099-INT or 1099-OID.
Related articles:
- American Express Banking Review 2026
- American Express High Yield Savings Rate
- Synchrony CD Rates 2026
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