American Express - Personal Savings from American Express

Find Your Savings Style

When deciding between a Certificate of Deposit and High-Yield Savings Account, consider the benefits and features unique to each product. Use the chart below to help determine your ideal savings solution.

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Certificate of Deposit

High-Yield Savings
Best for: Customers seeking attractive rates with fixed returns over a pre-defined term. Customers looking to earn competitive rates and have access to their money anytime.
Rates Fixed for the initial term
Check current rates		 Variable
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 N/A
(penalties may apply to withdrawals of principal prior to maturity)
  • Up to 6 withdrawals per month
  • Up to $250,000 incoming or outgoing transactions per day
Free bank-to-bank online electronic transfers N/A Yes, subject to transaction limits outlined above
Interest Disbursement Choose to have the interest earned on your account sent to you*:
  • Monthly
  • Annually
  • At maturity (for terms <1 year)
 Interest earned is automatically credited to your account monthly
Access to Principal At maturity (withdrawal before maturity may be subject to early withdrawal penalty) ‡ Anytime, subject to transaction limits outlined above

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FDIC

Deposits are FDIC-insured to the maximum limit. Click here to learn more.

FDIC

§ 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.

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