American Express - Standard CD

Average Score:

•   A fine CD

  I'd give this CD three stars for its short terms and five stars for its longer terms. Oddly, its APY for any time up to a year-long term is actually lower than the APY on its savings account. So that's a no-go.

  But the APY for its longer terms are actually quite competitive, often topping out the list. And there's nothing that warns me off of this CD, like having to visit a branch to prevent the CD from rolling over to another term. I'd maybe be a little more enthusiastic but for right now, saying that a CD has a better-than-normal two-year rate is a little like saying that this year's KC Royals team is one of the best teams KC has put together in a decade... (it's still not very good, for all you non-baseball fans).

  Posted by octavio23 -- Sept. 28, 2009