American Express Bank CD Rates – Best CD Rate at 1.10 Percent
As with all CD rates at banks for the past several years American Express Bank CD rates have been lowered. While current CD rates at American Express Bank are better than the FDIC's averages the bank's rates are not the highest CD rates around.
For example, the longest term certificate of deposit at American Express is 60 months. The current CD interest rate on 5 year certificates of deposit are going for 1.09 percent with an APY of 1.10 percent. The current national average 5 year CD rate in the FDIC's national average rate is 1.07 percent.
One of the best CD rates on 1 year CIT Bank CD rates is at 1.09 percent with an APY of 1.10 percent. Higher than both the 5 year national average and Amex Bank's 5 year CD rate.
A rate you can get right now at Amex Bank which is probably the best rate right now is on the Amex Bank Online Savings Account. The current savings account rate is 0.85 percent with an APY of 0.85 percent.
The Amex savings rate of 0.85 percent with better than 2 year CD rates and only 5 basis points lower than both Amex's 36 month CD rate and 48 month CD rate.
Amex Bank also offers a CD calculator you can use to help you figure out how much interest you will earn on your CD deposit. It's also depressing to see how much interest you'll earn at Amex or any where else these days.
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