The rate can fluctuate daily depending on market conditions. APYs offered within two or more consecutive tiers may be the same and bear a reasonable rate of interest. When this is the case, those multiple tiers with the same rates will be shown as a single tier. For the specific rates, please see the tiered rate chart. The daily balance method will be used to calculate interest in your account.
Interest is compounded daily and credited monthly.
There is no minimum period that money must remain on deposit and consequently, there is no penalty for withdrawals of your entire balance or any part thereof at any time without notice. Debit and cash balances will be swept daily in and out of the American Express Insured Money Market Account. For additional information, see the American Express Insured Money Market Account Terms and Conditions. American Express Insured Money Market Account is an FDIC insured product through Reserve Management Corporation held in an account with American Express Centurion Bank, a federally insured financial institution which offers other deposit products and services. American Express Financial Advisors offers investments which are not insured by the FDIC, are not deposits or obligations of or guaranteed by a financial institution and involve investment risks including possible loss of principal.