American Express Bank is the a part of the well known Credit Card Company we know as AMEX or American Express. American Express Bank is bona fide federal savings bank and issues Certificates of Deposits to its customers.

The good news is the some of CD rates American Express Bank is offering are above national average. There are a few CD products where their rates are far below the national average.

National Average of CD Rates

As of today, AMEX’s three month certificate of deposit are  yielding .60 percent which is below prevailing average rate  of 0.725. The 6 Month CDs are yielding rates of 1.00 percent  which is also below national average of 1.018 percent.

The certificate of deposit rate which are higher than national averages are the ones that are for Long term.  These days national average for 12 month CD rates is at 1.308 percent.  American Express is offering 1.75 APY on 12 month certificates of deposit. Similarly the spread between national average and American Express Bank’s 18-Month CD rates is significant. earlier is at 1.447 percent while later is at 2.15 percent.

AMEX banks is offering 2.25 percent of APY on its 24-month certificate of deposit against national average of 1.709 percent. similarly, the 36-Month CD rates are at 2.75 percent against national average rate of 2.457 percent.

The CERT No. for AMEX  is 35328.  You can buy them with confidence as they are FDIC insured.

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