Do you want to see a complete review of the American Express certificate of deposit? From Responsible Economy we have carried out an analysis of all its features: interest rate, terms, fees and everything you need to know. You will also be able to see a comparison of the best certificates of deposit in the United States in 2023 and an explanatory video. Welcome!
Explicative video
We have made a video summarizing in a very simple way all the features of the American Express CD. If you like our content, don’t hesitate to support us with a subscription and thus receive videos every day:
Features
In this section we show you in detail each of the characteristics:
Interest rate
The interest rate of the certificates of deposit varies according to the terms chosen. Here is a table with the different terms and interest rates:
| Terms | Yields |
|---|---|
| 12 months | 4.50% APY |
| 18 months | 1% APY |
| 24 months | 4.25% APY |
| 36 months | 1.15% APY |
| 48 months | 1.20% APY |
| 60 months | 3.25% APY |
American Express Certificate of Deposit interest rates are very competitive. Interest rates in the United States are currently very high and it may be a good opportunity to take advantage of it.
Fees
Always look at the annual or monthly maintenance fees. This American Express CD has no maintenance fees and is free to open.
Minimum deposit
There are many banks that require minimum deposits to open the CD. American Express does not require you to make a minimum deposit.
Best certificate of deposit in 2023
We have made a ranking with the best certificates of deposit that we can open in the United States in 2023:
- 5% APY
- Minimum deposit: $0
- Term: 11 months
- Member FDIC
- 4,40% APY
- Minimum deposit: $5000
- Term: 12 months
- Member FDIC
- 4,65% APY
- Minimum deposit: $1000
- Term: 13 months
- Member FDIC
- 4,60% APY
- Minimum deposit: $0
- Term: 14 months
- Member FDIC
- 4,60% APY
- Minimum deposit: $1000
- Term: 12 months
- Member FDIC
- 4,55% APY
- Minimum deposit: $1000
- Term: 12 months
- Member FDIC
- 4,50% APY
- Minimum deposit: $0
- Term: 12 months
- Member FDIC
- 4,50% APY
- Minimum deposit: $1000
- Term: 12 months
- Member FDIC
Pros and cons
After seeing all the characteristics of the American Express certificate of deposit and which are the best CDs in the United States, we have made a table with all the advantages and disadvantages:
| Pros | Cons |
|---|---|
| High interest rate | There are CDs with higher interest rates |
| No fees | |
| No minimum deposit |
Requirements
To open this certificate of deposit you must meet the following requirements:
- Live in the United States
- Must be over 18 years old
- Have a Social Security
- American account number
Frequent questions
Now we answer all the questions you may have about the American Express certificate of deposit:
More information about American Express
Here is a table with information of interest about American Express:
| Information | Description |
|---|---|
| Website | https://www.americanexpress.com/ |
| https://twitter.com/askamex | |
| https://www.facebook.com/AmericanExpress | |
| YouTube | https://www.youtube.com/user/AmericanExpress |
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Updated the day 15 May, 2023 by Alfredo Barandiarán
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