American Express Bank has popped onto our radar screen with a couple of good CD rates.
The credit card company’s online bank is paying 2.35% APY on a 24-month CD, which is not far from the 2.50% APY that the best, nationally-available 2-year certificates of deposit are paying.
While some of the CDs at the top of our rankings require investments of up to $50,000 to qualify for that rate, American Express has no minimum deposit.
It’s also offering 2.75% APY on 36-month CDs, which is about a point more than the national average of 1.74% and only one-quarter point less than the best-paying 36-month CDs. Again, there’s no minimum deposit.
Click here to see how these rates compare with the best CD rates from dozens of other banks in our extensive database.
(7 votes, average: 4.57 out of 5)
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