Find Your Savings Style

When deciding between a High-Yield Savings Account and Certificate of Deposit, consider the unique benefits and features from the chart below.

Open an account

	High-Yield Savings	Certificate of Deposit
Best for:	Customers looking to earn competitive rates and have access to their money anytime.	Customers seeking attractive rates with fixed returns over a pre-defined term.
Rates	Variable Check current rates	Fixed for the initial term Check current rates
Monthly Service Charge	None	None
Minimum Balance Requirement	None	None
Online Account Access	Yes	Yes
Deposits insured to the FDIC maximum limit ^§	Yes	Yes
Initial Deposit	Electronic Transfer Check	Electronic Transfer Check
Transactions	Up to 6 withdrawals per month Up to $250,000 incoming or outgoing transactions per day	N/A (penalties may apply to withdrawals of principal prior to maturity)
Free bank-to-bank online electronic transfers	Yes, subject to transaction limits outlined above	N/A
Interest Disbursement	Interest earned is automatically credited to your account monthly	Choose to have the interest earned on your account sent to you*: Monthly Quarterly Annually At maturity (for terms <1 year)
Access to Principal	Anytime, subject to transaction limits outlined above	At maturity (withdrawal before maturity may be subject to early withdrawal penalty) ^‡

Recently Applied?

Need Help?

Or call 1-800-446-6307
for assistance.

Deposits are FDIC-insured
to the maximum limit.

^§ Deposit accounts are offered by American Express Bank, FSB and are insured by the Federal Deposit Insurance Corporation (FDIC) up to the maximum applicable limit, which is currently $250,000 until December 31, 2013. The amount of insurance coverage you receive is based on your aggregate deposit balance for each account ownership type. For additional information, call us at 1-800-446-6307, or visit the FDIC’s website at www.fdic.gov.

^‡ If you withdraw principal before the maturity date, your account may be charged early withdrawal penalties. Please see the Deposit Account Agreement for details around this policy.

* Annual Percentage Yields assume interest remains on deposit until maturity. Withdrawal of interest prior to maturity will reduce earnings.

High-Yield Savings and Certificate of Deposit accounts offered by American Express Bank, FSB. Member FDIC.
Users of this site are subject to American Express Web Site Terms and Online Privacy Statement. © 2010 American Express Company. All rights reserved.