American Express CD
The American Express CD is from the same company that has given so many Americans their first credit card. This is a long lasting company with large reserves so there is no doubt of its solvency.
There are a total of 7 different CD offered from AE, all with different terms and returns. There is the 6 month CD has an APY of 0.50%. The 12 month CD has an APY of 1.30%. The 18 month CD has an APY of 1.40%. The 24 month CD has an APY of 1.75%. The 36 month CD has an APY of 2.15%. The 48 month CD has an APY of 2.25% and the 60 month CD has an APY of 2.75%.
Every CD is covered by the FDIC up to the current deposit limit of $250,000. You will also have 24/7 access to your account either online of by telephone. At the present time there is no minimum amount stated on the official AE website for deposit amounts.
Each of these rates were posted on August 21, 2010 and are still current as of August 23, 2010.To earn the stated APY, the deposit and all of the interest must remain in the CD for the term of the CD.
Your CD Rates are locked the day you submit your application for the specified CD. Approval can take up to 30 days depending on how the funds are deposited. If the funds are not deposited within 30 days the locked APY is no longer valid.
There is a penalty fee if the funds of your American Express CD are withdrawn before the maturity of the CD.
For additional resources about CDs on this website, please view Certificate of Deposit Rates Keep Falling. On our other sister sites, there is information on bank services at on Bank of America Online banking.
We strive to bring you the latest and most accurate data possible from the home sites of the financial institutions we name. Always remember, the bigger the risk, the larger the reward or loss. Invest with caution.
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Tags: AE, American Express, bank, bank cd rates, banks, Best CD Rates, CD rate, CD rates, investing, money, rate, rates
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