What happens when my American Express CD matures

Sourced directly from American Express, verified September 10, 2026.

If you do nothing

Your CD renews automatically into another CD of the same term.

Your grace period

10 days

Calendar days after maturity to change your mind without penalty.

How to stop the rollover

Follow the steps online to change your maturity option, call us prior to the maturity date to change your maturity option, or send written notice before the Maturity Date.

Early-withdrawal penalty, if you break the CD before maturity

1 year term90 days' interest on the withdrawn amount applying the interest rate disclosed in your account-opening documents

2 years term270 days' interest on the withdrawn amount applying the interest rate disclosed in your account-opening documents

4 years term365 days' interest on the withdrawn amount applying the interest rate disclosed in your account-opening documents

5 years term540 days' interest on the withdrawn amount applying the interest rate disclosed in your account-opening documents

Deciding whether to renew or move

American Express's own best tracked CD currently pays 3.75%. Compare it against other tracked rates before your grace period ends.

American Express CD rates Compare all CD rates

Frequently asked questions

Does my American Express CD renew automatically?▾

Your CD renews automatically into another CD of the same term. This is based on American Express's own disclosure, verified September 10, 2026.

What is the grace period after my American Express CD matures?▾

American Express states a grace period of 10 calendar days after maturity, verified September 10, 2026.

How do I stop my American Express CD from renewing?▾

Follow the steps online to change your maturity option, call us prior to the maturity date to change your maturity option, or send written notice before the Maturity Date. Verified September 10, 2026.

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SwitchWize was not paid by American Express for this page.

Educational information, not individualized financial advice. Bank rules can change without notice; the verified date above reflects when SwitchWize last confirmed these facts directly against American Express’s own disclosure.