bank rates

Amex Offers Two Competitive CD Rates

American Express Bank has popped onto our radar screen with a couple of good CD rates.

The credit card company's online bank has competitive rates on two CDs.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.

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Comments (3)
1 Star2 Stars3 Stars4 Stars5 Stars (7 votes, average: 4.57 out of 5)
3 Existing Comments
  1. Baljinder Singh said:
    on October 24th at 10:51 am

    5% CD offer for lorain county,OH.
    Follow the under given link for details.

  2. Cindy W. said:
    on October 24th at 10:59 am

    That is a great rate, even for a local credit union. Unfortunately you’re limited to a $1,000 deposit and one per family.

  3. Mark said:
    on October 24th at 11:19 am

    Unbelievable. A lousy 2.5%…and that’s one of the best. That’s like getting free ketchup for your fries at McDonalds. Spend your money on ammo and guns…a civil war will be here in our lifetime if this keeps up.