Required minimum distribution, if applicable, is only relevant to this IRA plan and does not take into consideration other IRA plans held at American Express or other institutions. IRA distributions may be taxed and subject to penalties based on IRS guidelines. Access is limited to customers who have both an American Express Savings account (High Yield Savings or CD) and an American Express Card Account who have. В§IRA Contributions are subject to aggregate annual limits across all IRA plans held at American Express or other institutions. The first recurring deposit is assumed to begin in the second period after any initial deposit. Actual results may vary, based on various factors such as leap years, timing of deposits, rounding, and variation in interest rates. Chip works as a closed loop with your linked bank account. в™ўCalculations are estimates of expected interest earned. All money you save through Chip can be tracked at all times in the app. Transfers can be initiated 24/7 via the website or phone, but any transfers initiated after 7:00 PM Eastern Time or on non-business days will begin to be processed on the next business day. вЂЎFor purposes of transferring funds, business days are Monday through Friday, excluding holidays. However, please note that there are strict rules for withdrawing money from an IRA plan (including an IRA High Yield Savings Account) before retirement age without incurring a penalty. вЂ You are generally permitted to make up to nine (9) withdrawals or transfers out of your High Yield Savings Account during a monthly statement cycle. **The national rate referenced is from the FDIC's published Monthly Rate Cap Information for Savings deposit products. Please see the Deposit Account Agreement for additional terms and conditions and Truth-in-Savings disclosures. Early CD withdrawals may be subject to significant penalties which could cause you to lose some of your principal. After a CD is opened, additional deposits to the account are not permitted.

Your rate will be fixed on the business dayвЂЎ we receive your completed application, provided we receive your deposit within 30 days after your application is approved. Interest rate and APY are subject to change at any time without notice before and after a High Yield Savings Account is opened.ДЇor a CD account, rates are subject to change at any time without notice before the account is opened.

*The Annual Percentage Yield (APY) as advertised is accurate as of.

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