Simple Savings, Simple CD from American Express Bank

You have decided you are ready for a certificate of deposit and you would like the convenience of an online bank but you are not sure where to go. American Express Bank is one of the best online banks and they happen to have a great high rate cd.

One of the Best 6-month Cd Rates

As you compare certificate of deposit interest rates, American Express Bank has one of the highest yielding six month cds available. As of October 29, 2010 the current six month rate is .50% APY (unchanged in May 2011). It is also the shortest term certificate of deposit the bank offers… » Read more

Everyone has heard about American Express credit card accounts. But, have you ever heard about their high yield cd accounts? Finding the information for these cd accounts was like finding the proverbial needle in a haystack. Read on to see if finding that needle was worth the effort.

Getting started with American Express Certificates of Deposit

American Express offers standard term cd accounts from 6 months to 5 years. Each is FDIC insured up to the federal limit of $250K (which is also the maximum you can deposit into one of their cd accounts). American Express CDs do not have monthly fees and includes 24/7 access via online banking