American Express Bank is paying 1.30% APY on CDs for 24 months. The bank does not have a minimum deposit requirement.
The rate is one of the best being offered for the term. The next top rate is by CIT Bank, which is offering 1.26% APY on its Achiever CD.
Savers get two advantages with the CD – they can bump-up the interest and add money to the account. The rate can be increased just once in the term. These benefits are offered on deposits of $25,000 at least.
