Ameriprise Certificate POS AM Prospectus update (post-effective amendment)

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C.

FORM S-1

Post-Effective Amendment Number 53 to

Registration Statement Number 2-76193

Ameriprise Installment Certificate

UNDER
THE SECURITIES ACT OF 1933

AMERIPRISE CERTIFICATE COMPANY

(Exact name of registrant as specified in charter)

DELAWARE

(State or other jurisdiction of incorporation or organization)

6725

(Primary Standard Industrial Classification Code Number)

41-6009975

(I.R.S. Employer Identification No.)

70100 Ameriprise Financial Center, Minneapolis, MN 55474, (612) 671-3131

(Address, including zip code, and telephone number, including area code, of
registrant's principal executive offices)

Ryan C. Larrenaga – 290 Congress Street,
Boston, Massachusetts 02210, 617.385.9536

(Name, address, including zip code, and telephone number,
including area code, of agent for service)

Ameriprise Certificates
Prospectus April 24, 2024

Ameriprise Cash Reserve Certificate	•Purchase this certificate in any amount from $1,000 through $2 million or with monthly investments of at least $50. •Earn a fixed rate of interest declared every three months. •Keep your certificate for up to 20 years from its issue date. •No withdrawal charges.
Earn competitive rates with ready access to your cash reserves.
Ameriprise Flexible Savings Certificate	•Purchase this certificate in any amount from $1,000 through $2 million. •Select a term of 3, 6, 7, 9, 12, 13, 18, 24, 30 or 36 months. •Add up to 25% of your original investment during the term. •Invest in successive terms up to a total of 20 years from the issue date of the certificate. •2% withdrawal charge applies for withdrawals during a term in excess of 10% of principal*.
Earn rates guaranteed by Ameriprise Certificate Company for the term you choose.
Ameriprise Installment Certificate	•Purchase this certificate with monthly investments in any amount from $50 through $5,000. •Earn a fixed rate of interest declared every three months. •Keep your certificate for up to 10 years from its issue date. •2% withdrawal charge applies to principal withdrawn during the first three years*.
Establish a disciplined approach to saving

Neither the Securities and Exchange Commission nor any state securities commission has approved or disapproved these securities or passed upon the adequacy of this prospectus. Any representation to the contrary is a criminal offense.

Ameriprise Certificate Company is not a bank, and the securities it offers are not deposits or obligations of, or backed or guaranteed or endorsed by, any bank or financial institution, nor are they insured by the Federal Deposit Insurance Corporation (FDIC), the Federal Reserve Board or any other agency.

Investments in Ameriprise Certificates involve risks that are described in the "Risk Factors" section beginning on page 4 of this prospectus.

Ameriprise Certificates are backed by the assets of Ameriprise Certificate Company.

The distributor is not required to sell any specific amount of certificates.

Issuer: Ameriprise Certificate Company, 70100 Ameriprise Financial Center, Minneapolis, MN 55474, (800) 862-7919 (toll free)

Distributor: Ameriprise Financial Services, LLC

Ameriprise Certificate Company reserves the right to surrender your account if the initial investment requirement for the product is not met.

*Certain waivers apply. See product specific pages.

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Initial Interest Rates for Ameriprise Cash Reserve Certificate

Ameriprise Certificate Company (ACC) guarantees a fixed interest rate for each 3-month period during the life of the certificate. For your initial 3-month period, ACC guarantees that when the rate for new purchases takes effect, the rate will be within a specified range of the National Deposit Rates as published by the FDIC. ACC also guarantees that your rate for the initial 3-month period will not be less than 0.00%, even if the published range noted falls below 0.00%.

Here are the interest rates in effect on April 24, 2024:

Investment amount	Interest rate*	Effective annualized yield**
$50 to $9,999.99	1.99%	2.00%
$10,000 to $24,999.99	1.99%	2.00%
$25,000 or more	1.99%	2.00%

Rates may depend on factors described in “Rates for New Purchases” under “About the Certificate.”

Assuming monthly compounding.

These rates are subject to change and may not be available when you apply to purchase your certificate. Rates for future periods are set at the discretion of ACC and may also differ from the rates shown here. See “Rates for New Purchases” under “About the Certificate” for further information or go to ameriprise.com/cashrates for current rates.

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Initial Interest Rates for Ameriprise Flexible Savings Certificate

Ameriprise Certificate Company (ACC) guarantees a fixed rate of interest for each term. For your initial term, the rate will be within a specified range of the National Deposit Rates as published by the FDIC. ACC also guarantees that your rate for the initial term will not be less than 0.00%, even if the published range noted falls below 0.00%. See “About the Certificate” for more explanation.

Here are the interest rates in effect on April 24, 2024:

Term	Interest rate*	Effective annualized yield**
3 month	4.56%	4.65%
6 month	4.61%	4.70%
7 month	4.61%	4.70%
9 month	4.46%	4.55%
12 month	4.41%	4.50%
13 month	4.51%	4.60%
18 month	4.37%	4.45%
24 month	4.13%	4.20%
30 month	4.03%	4.10%
36 month	3.74%	3.80%

These are the rates for investments under $100,000 except for the 13-month term, which may require a minimum investment of $1 million. The 7-month term may require a minimum investment of $10,000. Rates may depend on the factors described in “Rates for New Purchases” and “Promotions and Pricing Flexibility” under “About the Certificate.”

Assuming monthly compounding.

These rates are subject to change and may not be available when you apply to purchase your certificate. Rates for future terms are set at the discretion of ACC and may also differ from the rates shown here. See “Rates for New Purchases” under “About the Certificate” for further information or go to ameriprise.com/cashrates for current rates.

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Initial Interest Rates for Ameriprise Installment Certificate

Ameriprise Certificate Company (ACC) offers a fixed rate of interest for each 3-month period during the life of your certificate. As of April 24, 2024, the rate for your first three months will be a fixed rate of 4.41%. The effective annualized yield assuming monthly compounding is 4.50%. This rate is set at the discretion of ACC and is effective until further notice. Rates for subsequent 3-month periods are set at the discretion of ACC and may also differ from the rate shown here. See “Rates for New Purchases” under “About the Certificate” for further information or go to ameriprise.com/cashrates for current rates.

The fixed interest rate of 4.41% is subject to change and may not be available when you apply to purchase your certificate.

Risk Factors

You should consider the following when investing in Ameriprise Certificates:

These certificates are backed solely by the assets of ACC. Although ACC’s qualified assets on deposit currently exceed the deposit amounts required by applicable regulations, if there are losses on ACC’s assets, ACC may not have sufficient resources to meet its obligations, including making interest and/or principal payments on your certificates.

Most of our assets are debt securities and are subject to the following risks:

Interest Rate Risk: Interest rate risk is the risk of losses attributable to changes in interest rates. In general, if interest rates rise, the values of debt instruments tend to fall, and if interest rates fall, the values of debt instruments tend to rise. Changes in interest rates may also affect the liquidity of ACC’s investments in debt instruments. In general, the longer the maturity or duration of a debt instrument, the greater its sensitivity to changes in interest rates. Interest rate declines also may increase prepayments of debt obligations, which, in turn, would increase prepayment risk. ACC is subject to the risk that the income generated by its investments may not keep pace with inflation. Actions by governments and central banking authorities can result in increases or decreases in interest rates. Higher periods of inflation could lead such authorities to raise interest rates. Such actions may negatively affect the value of debt instruments held by ACC, resulting in a negative impact on ACC's performance. Any interest rate increases could cause the value of ACC's investments in debt instruments to decrease. See “How Your Money Is Used and Protected.”

Credit Risk: Credit risk is the risk that the value of debt instruments may decline if the issuer thereof defaults or otherwise becomes unable or unwilling, or is perceived to be unable or unwilling, to honor its financial obligations (such as payments due on a bond or note). Credit rating agencies, such as S&P Global

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Ratings, Moody’s Investors Service, Inc. (Moody’s), Fitch Ratings, Inc. (Fitch), DBRS Morningstar (DBRS) and Kroll Bond Rating Agency, LLC (KBRA), assign credit ratings to certain debt instruments to indicate their credit risk. A rating downgrade by such agencies can negatively impact the value of such instruments. Lower-rated or unrated instruments held by ACC may present increased credit risk as compared to higher-rated instruments. Non-investment grade debt instruments may be subject to greater price fluctuations and are more likely to experience a default than investment grade debt instruments and therefore may expose ACC to increased credit risk. See “How Your Money Is Used and Protected.”

Market Risk: ACC may incur losses due to declines in the value of one or more securities in which it invests. These declines may be due to factors affecting a particular issuer, or the result of, among other things, political, regulatory, market, economic or social developments affecting the relevant market(s) more generally. In addition, turbulence in financial markets and reduced liquidity in equity, credit and/or fixed income markets may negatively affect many issuers, which could adversely affect the ability of ACC's valuation designee to price or value hard-to-value assets in thinly traded and closed markets and could cause significant operational challenges. Global economies and financial markets are increasingly interconnected, and conditions and events in one country, region or financial market may adversely impact issuers in a different country, region or financial market. These risks may be magnified if certain events or developments adversely interrupt the global supply chain; in these and other circumstances, such risks might affect companies worldwide. As a result, local, regional or global events such as terrorism, war, natural disasters, disease/virus outbreaks and epidemics or other public health issues, recessions, depressions or other events – or the potential for such events – could have a significant negative impact on global economic and market conditions.

Prepayment and Extension Risks: Prepayment and extension risk is the risk that a bond or other security or investment might, in the case of prepayment risk, be called or otherwise converted, prepaid or redeemed before maturity and, in the case of extension risk, that the investment might not be called as expected. In the case of prepayment risk, if the investment is converted, prepaid or redeemed before maturity, ACC may not be able to invest the proceeds in other investments providing as high a level of income, resulting in a reduced yield to ACC. As interest rates decrease or spreads narrow, the likelihood of prepayment increases. Conversely, extension risk is the risk that an unexpected rise in interest rates will extend the life of a security beyond the prepayment time. If ACC’s investments are locked in at a lower interest rate for a longer period of time, ACC may be unable to capitalize on securities with higher interest rates or wider spreads.

Early Withdrawal Risk (For all certificates except Ameriprise Cash Reserve Certificate): Early withdrawal risk is the risk of paying a withdrawal penalty if

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you withdraw money before the end of a term. See “Full and Partial Withdrawals.”

Cybersecurity Breaches, Systems Failure and Other Business Disruptions Risk: With the increased use of technologies such as the Internet and the dependence on computer systems to perform necessary business functions, investment products such as the certificates and ACC’s service providers may be prone to operational and information security risks resulting from cyber-attacks. In general, cyber-attacks result from deliberate attacks but unintentional events or activity may have effects similar to those caused by cyber-attacks. Cyber-attacks include, among other behaviors, stealing or corrupting data maintained online or digitally, denial-of-service attacks on websites, hacking, phishing scams, unauthorized payment requests and other social engineering techniques aimed at personnel or systems, unauthorized release of confidential information and causing operational disruption. The increased use of mobile and cloud technologies and remote work heighten these and other operational risks. Successful cyber-attacks against, or security breakdowns of, ACC or its investment manager, distributor, custodian, transfer agent, administrator and/or other third-party service providers may adversely impact a certificate or its investors. For instance, cyber-attacks may interfere with the processing of investor transactions, cause the release of private shareholder information or confidential certificate information, impede trading, cause reputational damage, and subject the certificate to regulatory fines, penalties or financial losses, reimbursement or other compensation costs, and/or additional compliance costs. The third-party trading systems relied upon by ACC (and generally much of the asset management and related industries) are vital to our everyday operations, and despite our and our trading system vendor’s business continuity and recovery plans, such trading systems may fail or be disrupted, which could cause significant harm to ACC and investors. ACC may also incur substantial costs for cybersecurity risk management in order to prevent any cyber incidents in the future. A certificate and its investors could be negatively impacted as a result. While ACC or its service providers have established business continuity plans and systems designed to prevent cyber-attacks, there are inherent limitations in such plans and systems including the possibility that certain risks have not been identified. In addition to cyber-attacks, the systems and personnel that ACC relies upon may also be vulnerable to systems malfunctions, user error, misconduct of or arising from personnel, systems remote access (particularly important given the increased use of technologies such as the internet to conduct business). In addition, other events or circumstances – whether foreseeable, unforeseeable, or beyond our control, such as acts of war, other conflicts, terrorism, natural disaster, widespread disease, pandemic or other public health crises may result in, among other things, quarantines and travel restrictions, workforce displacement and loss or reduction in personnel and other resources. In the above circumstances, ACC’s and its service providers’ operations may be significantly impacted, or even temporarily halted. Similar types of cybersecurity, systems

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failure and other business disruption risks are also present for issuers of securities or other instruments in which the certificates invest, which could result in material adverse consequences for such issuers and may cause ACC’s investment therein to lose value.

Regulatory Risk: ACC operates in a regulated industry. As a registered investment company, ACC must observe certain governance, disclosure, recordkeeping, marketing, privacy, data protection and other operating requirements. Various regulatory and governmental bodies have the authority to review ACC’s products and business practices and to bring regulatory or other legal actions against ACC if, in their view, ACC’s practices are improper. Any enforcement actions, investigations or other proceedings brought against ACC or its directors or employees of its affiliates by its regulators may result in fines, injunctions or other disciplinary actions that could harm ACC's reputation or impact ACC’s results of operations. Further, any future legislation or any changes to the laws and regulations applicable to ACC’s business such as possible changes brought about by any U.S. Department of Labor applicable regulation as well as state and other fiduciary rules, the Securities and Exchange Commission (“SEC”) best interest standards, or similar standards such as the Certified Financial Planner Board standards pertaining to the fiduciary status of investment advice providers to retirement investors (primarily account holders in 401(k) plans and Individual Retirement Accounts (“IRAs”) and other types of Employee Retirement Income Security Act (“ERISA”) clients) and related issues. Each of these has a potential impact regarding how ERISA investment advice fiduciaries and others can provide products manufactured by affiliates to, or engage in certain principal transactions with, retirement investors, including incremental requirements, costs and risks that may be imposed on ACC as a result of such changes, may affect the operations and financial condition of ACC.

ACC’s affiliate, Ameriprise National Trust Bank, is a federal savings bank (“Ameriprise Bank”), and as a result Ameriprise Financial, is subject to ongoing supervision by the Board of Governors for the Federal Reserve System (“FRB”). FRB regulation and supervisory oversight of Ameriprise Financial includes examinations, regular financial reporting and prudential standards, such as capital, liquidity, risk management and parameters for business conduct and internal governance. In order to maintain Ameriprise Financial’s permission under applicable bank holding company laws and regulations to engage in business activities other than banking or activities closely related to banking, each of Ameriprise Financial and Ameriprise Bank, as Ameriprise Financial’s sole insured depository institution subsidiary, must remain “well-capitalized” and “well-managed” under applicable federal banking regulations, and Ameriprise Bank must receive at least a “satisfactory” rating in its most recent examination under the Community Reinvestment Act.

As a subsidiary of Ameriprise Financial, ACC is (absent exclusion or exemption) required to comply with certain limits on its activity, including investment

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limitations on its portfolio and other limitations under applicable banking laws, including what is commonly referred to as the Volcker Rule. Failure to meet one or more of certain requirements and regulations would mean, depending on the violation and any agreement then reached with the FRB, Ameriprise Financial (and therefore ACC) could not undertake new activities, continue certain activities, or make certain acquisitions until such violation is cured.

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Ameriprise Certificate Company and Ameriprise Financial, Inc.

Ameriprise Financial, Inc. (Ameriprise Financial) is the parent company of the Ameriprise Certificate Company, the issuer of Ameriprise Certificates.

Ameriprise Financial and its subsidiaries provide a variety of services to Ameriprise Certificate Company:

Company Name	Services
Columbia Management Investment Advisers, LLC	Investment Management Services
Ameriprise Financial, Inc. (Ameriprise Financial)	Administrative Services
Ameriprise Financial Services, LLC (Ameriprise Financial Services)	Distribution Services
Columbia Management Investment Services Corp.	Transfer Agent Services
Ameriprise Trust Company	Custodian Services

In this prospectus, “we,” “us,” “our,” and “ours” refer to ACC, Columbia Management Investment Advisers, LLC, Columbia Management Investment Services Corp., Ameriprise Financial or Ameriprise Financial Services and “you,” “your,” and “yours” refer to the owner of the Certificate.

READ AND KEEP THIS PROSPECTUS

This prospectus section describes terms and conditions of your Certificate. It contains facts that can help you decide if the certificate is the right investment for you. Read the prospectus before you invest and keep it for future reference. No one has the authority to vary the terms and conditions of the Certificate from those described in the prospectus, or to bind ACC by any statement not in it.

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Ameriprise Cash Reserve Certificate

About the Certificate

INVESTMENT AMOUNTS

You may purchase the Ameriprise Cash Reserve Certificate in any amount from $1,000 or monthly investments of at least $50, payable in U.S. currency by using a systematic investment arrangement. Unless you receive prior approval from ACC, your total amount paid in over the life of the certificate, less withdrawals, cannot exceed $2 million. ACC guarantees your principal and interest. ACC reserves the right to surrender your account if the initial investment requirement for the product is not met.

The certificate may be used as an investment for your Individual Retirement Account (IRA), 401(k) plan account or other qualified retirement plan account. We may waive the minimum investment amount requirement for certain IRAs. If used as an investment for your IRA or plan, the amount of your contribution (investment) will be subject to any limitations of the plan and applicable federal law.

FACE AMOUNT AND PRINCIPAL

The face amount of the certificate is the amount of your initial investment, and will remain the same over the life of the certificate.

The principal is the amount that is reinvested at the beginning of each subsequent 3-month period (the period), and is calculated as follows:

Principal equals	Face amount (initial investment)
plus	At the end of a period, interest credited to your account during the period
minus	Any interest paid to you in cash
plus	Any additional investments
minus	Any withdrawals

For example, assume your initial investment (face amount) of $5,000 has earned $75 of interest during the period. You have not taken any interest as cash, or made any withdrawals. You have invested an additional $2,500 at the beginning of the next period. Your principal for the next period will equal:

	$5,000	Face amount (initial investment)
plus	75	Interest credited to your account
minus	(0)	Interest paid to you in cash
plus	2,500	Additional investment
minus	(0)	Withdrawals
	$7,575	Principal at the beginning of the next period

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VALUE AT MATURITY

Your certificate matures 20 years from its issue date. At maturity, you will receive a distribution for the value of your certificate unless at least 10 days before the maturity date you request to reinvest those proceeds into another certificate or investment. This will be the total of your actual investment, plus credited interest not paid to you in cash, less any withdrawals and applicable federal tax withholdings. Bank Authorizations, such as ACH-IN or other systematic arrangements, will automatically be stopped at maturity or full withdrawal.

RECEIVING CASH DURING THE PERIOD

If you need your money, you may withdraw part or all of its value penalty free at any time. Procedures for withdrawing money are described in “How to Invest and Withdraw Funds.”

INTEREST

Your investments earn interest from the date they are credited to your account. Interest is compounded and credited at the end of each certificate month on the monthly anniversary of the issue date. A certificate month is a calendar month, measured from the date of issuance. For example, if you purchase your certificate on the 8th of the month, interest will be credited on the 8th of each following month during the term. If you purchase your certificate on the 31st of the month, interest will be credited on the 31st of each month; however, if the month does not have 31 days, interest is posted to the account on the last day of the month. If you withdraw money during a certificate month, you will earn interest up to the date of the withdrawal on the amount withdrawn.

ACC declares and guarantees a fixed rate of interest for each 3-month period during the life of your certificate. We calculate the amount of interest you earn each certificate month by:

•

applying the interest rate then in effect to your balance each day, and

•

adding these daily amounts to get a monthly total.

Interest is calculated on a 30-day month and 360-day year basis.

RATES FOR NEW PURCHASES

ACC has complete discretion to determine whether to accept an application, sell a certificate, or accept additional payments into a certificate. When your completed application is accepted, and we have received your initial investment, we will provide you a confirmation showing the rate that your investment will earn for the first period. ACC guarantees that when rates for new purchases take effect, the rates will be within a specified range of the National Deposit Rates as published by the FDIC. ACC also guarantees that your rate for the initial period will not be less than 0.00%, even if the published range noted falls below 0.00%.

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Investment Amount	Rate For New Purchases
From $50 to $9,999.99	Within a range from 35 basis points (0.35%) below to 65 basis points (0.65%) above the National Deposit Rate published for 3-month CDs
From $10,000 to $24,999.99	Within a range from 35 basis points (0.35%) below to 65 basis points (0.65%) above the National Deposit Rate published for 3-month CDs
$25,000 and above	Within a range from 35 basis points (0.35%) below to 65 basis points (0.65%) above the National Deposit Rate published for 3-month CDs

For example, if the most recently published National Deposit Rate for 3-month CDs is 1.65%, our rate in effect for the following week for investment amounts of $10,000 to $24,999.99 would be between 1.30% and 2.30%.

Ameriprise Cash Reserve Certificates are not FDIC insured. Each Monday we will use the National Deposit Rates published by the FDIC for establishing the rates starting Wednesday of the following week.

Information on current National Deposit Rates can be obtained on the internet at fdic.gov/regulations/resources/rates/index.html.

If the National Deposit Rates are no longer publicly available or feasible to use, ACC may use another similar index as a guide for setting rates.

Rates for new purchases are reviewed and may change weekly. The rate you receive will be the higher of:

•

the rate in effect on the date your payment is applied and your account is activated, or

•

the rate in effect seven days before that date,

provided your completed application is accepted by us within 3 business days of the payment received date.

Rates for future terms: Interest on your certificate for future 3-month periods may be greater or less than the rates you receive during the first three months. In setting future interest rates, a primary consideration will be the prevailing investment climate, including the National Deposit Rates. Nevertheless, we have complete discretion as to what interest rate is declared beyond the initial 3-month period. If the National Deposit Rates are no longer publicly available or feasible to use, ACC may use another similar index as a guide for setting rates. For current rates, visit ameriprise.com/cashrates, consult your financial advisor or call us at the telephone number listed on the back cover.

PROMOTIONS AND PRICING FLEXIBILITY

ACC may sponsor or participate in promotions involving certificates and their respective terms. For example, we may offer different rates to new clients, to existing clients, to Ameriprise Achiever Circle and Achiever Circle Elite clients, or to individuals who have purchased other products or used other services of Ameriprise Financial or its affiliates. Different rates may be restricted to initial terms only.

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We also may offer different rates based on the amount invested and/or geographic location and whether the certificate is purchased for an IRA or a qualified retirement account.

These promotions will generally be for a specified period of time. If we offer a promotion, the rates will be set as follows:

Investment Amount	Promotion Rate
From $50 to $9,999.99	Within a range from 10 basis points (0.10%) below to 90 basis points (0.90%) above the National Deposit Rate published for 3-month CDs
From $10,000 to $24,999.99	Within a range from 10 basis points (0.10%) below to 90 basis points (0.90%) above the National Deposit Rate published for 3-month CDs
$25,000 and above	Within a range from 10 basis points (0.10%) below to 90 basis points (0.90%) above the National Deposit Rate published for 3-month CDs

Performance: The following bar chart illustrates Ameriprise Cash Reserve Certificate 3 month yields from February 2014 through February 2024, the Non-Jumbo Deposit Rate published by the FDIC for 3-month CDs from February 2014 through April 2021, and the National Deposit Rate published by the FDIC for 3-month CDs from April 2021 through February 2024*.

This graph compares past yields and should not be considered a prediction of future performance.

From May 2009 to April 2021, Ameriprise Cash Reserve Certificate yields were compared to the Non-Jumbo Deposit Rates. In April 2021,

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the FDIC ceased publishing the Non-Jumbo Deposit Rate and began publishing the National Deposit Rate.

How to Invest and Withdraw Funds

BUYING YOUR CERTIFICATE

Your financial advisor will help you fill out and submit an application to open an account with us and purchase a certificate. If you purchase your certificate other than through a financial advisor of Ameriprise Financial Services — for example, through a direct marketing channel — you may be given different purchase instructions. We will process the application at our corporate offices in Minneapolis, Minnesota. When we have accepted your completed application and received your initial investment, we will provide a confirmation of your purchase, indicating your account number and applicable rate of interest for your first term, as described under “Rates for New Purchases.” See “Purchase policies” below.

Important: When you open an account, you must provide your correct Taxpayer Identification Number (TIN), which is your Social Security Number, Individual Taxpayer Identification Number, or Employer Identification Number and Foreign TIN (if applicable). See “Taxes on Earnings and Withdrawals.”

Purchase policies

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Investments must be received and accepted in the Minneapolis headquarters on a business day before 3 p.m. Central time to be included in your account that day. Otherwise your purchase will be processed the next business day. We reserve the right to change this cut-off time in the future.

•

You have 15 days from the date of purchase to cancel your investment by contacting us at the address or telephone number on the back cover. If you decide to cancel your certificate within this 15-day period, you will not earn any interest.

•

If you purchase a certificate with a personal check or other non-guaranteed funds, we will wait one business day for the process of converting your check to federal funds (e.g., monies of member banks with the Federal Reserve Bank) before your purchase will be accepted and you begin earning interest. For information on how to avoid this delay, please call us at the telephone number listed on the back cover.

•

ACC has complete discretion to determine whether to accept an application and sell a certificate.

•

You must maintain a balance of at least $1,000 in your account unless you are using an authorized systematic pay-in arrangement. If you use a scheduled pay-in arrangement, your minimum balance requirement is $50.

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•

If your additional investment increases the principal of your certificate so that your certificate’s principal has exceeded a breakpoint for a higher interest rate, the certificate will earn this higher interest rate from the date the additional investment is accepted.

•

ACC reserves the right to surrender your account if the initial investment requirement for the product is not met.

A number of special policies apply to purchases, withdrawals and exchanges within IRAs, 401(k) plans and other qualified retirement plans. See “Retirement Plans: Special Policies.”

ADDITIONAL INVESTMENTS

You may make additional investments at any time. Additional investments can be in any amount starting from $50, but your total investment, less withdrawals, may not exceed $2 million, unless you receive prior approval from ACC to invest more. You will earn interest on additional investments from the date we accept them. ACC will provide a confirmation of additional investments.

If you establish a systematic investment arrangement, you will receive a confirmation when the arrangement is set-up, but you will not receive a confirmation each time we receive a payment.

If you add to a certificate purchased other than through a financial advisor of Ameriprise Financial Services, you may be given different instructions regarding additional investments.

If you make no investments for a period of at least 12 consecutive months and your principal is less than $1,000, we may provide you with a notice of our intent to cancel the certificate. After the notice, if an investment is not made within 60 days, your certificate may be canceled and we will send you a check for its full value.

For additional information on Buying, Selling and Transferring Certificates, see page 34.

FULL AND PARTIAL WITHDRAWALS

•

You may withdraw your certificate for its full value or make a partial withdrawal of $100 or more at any time. Only one withdrawal is permitted per day. We reserve the right to change the minimum withdrawal amount in the future. If you purchase this certificate for an IRA, 401(k) or other retirement plan account, early withdrawals or cash payments of interest taken prematurely may be subject to IRS tax and penalty.

•

Complete withdrawal of your certificate is made by giving us proper instructions. To complete these transactions, see “How to Request a Withdrawal or Transfer.”

•

If you take a withdrawal during the certificate month, you will earn interest on the amount withdrawn up to the date of withdrawal.

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Interest payments in cash may be sent to you at the end of each certificate month, quarter, or on a semiannual or annual basis, if a $1,000 balance is maintained.

•

If a withdrawal reduces your account value to a point where we pay a lower interest rate, you will earn the lower rate from the date of the withdrawal. This rate will be the rate in effect at the beginning of the current 3-month period.

•

Scheduled partial withdrawals may be sent to you monthly, quarterly, semiannually or annually. The minimum scheduled withdrawal amount is $50.

•

You may not make a withdrawal from your certificate if that withdrawal causes your balance to fall below $1,000 unless you are using an authorized systematic investment arrangement or taking systematic payments from your certificate. In these instances, the remaining balance will earn the lower interest rate in effect for balances of less than $1,000.

Other full and partial withdrawal policies

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If you request a partial or full withdrawal of a certificate recently purchased or added to by a check, ACH or money order that is not guaranteed, we will wait for your payment to clear. Please expect a minimum of 10 calendar days from the date of your payment before the partial or full withdrawal is processed and proceeds are sent to you.

•

If you request a partial or full withdrawal of the funds that may include at-risk or non-guaranteed funds, we will wait 10 calendar days before completing the request.

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If your certificate is pledged as collateral, any withdrawal will be delayed until we get approval from the secured party.

•

Any payments to you may be delayed under applicable rules, regulations or orders of the Securities and Exchange Commission (SEC).

CERTIFICATE RATE CHANGES

You can obtain interest rate information at ameriprise.com/cashrates or by checking your account information online at ameriprise.com for the rate that currently applies. Unless you tell us otherwise, your certificate will automatically continue for another 3-month period. The interest rate that will apply to your new period will be the rate in effect on the day the new period begins. This rate of interest will not change during that period unless your certificate’s principal falls below a break point for a lower interest rate or goes above a break point for a higher interest rate.

Your certificate’s interest rate may change every three months.

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Ameriprise Flexible Savings Certificate

About the Certificate

INVESTMENT AMOUNTS AND TERMS

You may purchase the Ameriprise Flexible Savings Certificate in any amount from $1,000, payable in U.S. currency. The seven-month term may require a minimum investment of $10,000 and the 13-month term may require a minimum investment of $1 million. If we offer a promotion, we may require a higher initial amount. Unless you receive prior approval from ACC, your total amount paid in over the life of the certificate, less withdrawals, cannot exceed $2 million. ACC reserves the right to surrender your account if the initial investment requirement for the product is not met.

After determining the amount you wish to invest, you select a term of 3, 6, 7, 9, 12, 13, 18, 24, 30 or 36 months for which ACC will guarantee an interest rate. ACC guarantees your principal and interest. For renewals, generally, you will be able to select any of the terms offered. If your certificate is nearing its 20-year maturity, however, you will not be allowed to select a term that would carry the certificate past its maturity date.

The certificate may be used as an investment for your Individual Retirement Account (IRA), 401(k) plan account or other qualified retirement plan account. If used as an investment for your IRA or plan, the amount of your contribution (investment) will be subject to any limitations of the plan and applicable federal law; however, your investments must still meet the product’s minimum investment requirements.

FACE AMOUNT AND PRINCIPAL

The face amount of the certificate is the amount of your initial investment, and will remain the same over the life of the certificate. Any investment or withdrawal within 15 days after the end of a term will be added on or deducted to determine principal for the new term. A withdrawal at any other time is taken first from interest credited to your investment during the term.

The principal is the amount that is reinvested at the beginning of each subsequent term, and is calculated as follows:

Principal equals	Face amount (initial investment)
plus	At the end of a term, interest credited to your account during the term
minus	Any interest paid to you in cash
plus	Any additional investments
minus	Any withdrawals, fees and applicable penalties

Principal may change during a term as described in “Add-on feature” under “Additional Investments,” and “Full and Partial Withdrawals.”

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For example, assume your initial investment (face amount) of $5,000 has earned $75 of interest during the term. You have not taken any interest as cash, or made any withdrawals. You have invested an additional $2,500 at the beginning of the next term. Your principal for the next term will equal:

	$5,000	Face amount (initial investment)
plus	75	Interest credited to your account
minus	(0)	Interest paid to you in cash
plus	2,500	Additional investment
minus	(0)	Withdrawals
	$7,575	Principal at the beginning of the next term

VALUE AT MATURITY

You may continue to invest for successive terms up to a total of 20 years. Your certificate matures 20 years from its issue date. At maturity, you will receive a distribution for the value of your certificate unless at least 10 days before the maturity date you request to reinvest those proceeds into another certificate or investment. This will be the total of your actual investment, plus credited interest not paid to you in cash, less any withdrawals, withdrawal penalties, and applicable federal tax withholdings.

RECEIVING CASH DURING THE TERM

If you need your money before your certificate term ends, you may withdraw part or all of its value at any time, less any penalties that apply. Procedures for withdrawing money, as well as conditions under which penalties apply, are described in “How to Invest and Withdraw Funds.”

INTEREST

ACC declares and guarantees a fixed rate of interest for each term during the life of your certificate. We calculate the amount of interest you earn each certificate month by:

•

applying the interest rate then in effect to your balance each day,

•

adding these daily amounts to get a monthly total, and

•

subtracting interest accrued on any amount you withdraw during the certificate month.

AMERIPRISE CERTIFICATES – PROSPECTUS – 2024

Interest is calculated on a 30-day month and 360-day year basis.

If you withdraw during a certificate month, you will not earn interest for the month on the amount withdrawn.

RATES FOR NEW PURCHASES

ACC has complete discretion to determine whether to accept an application, sell a certificate, or accept additional payments into a certificate. When your completed application is accepted, and we have received your initial investment, we will provide you a confirmation showing the rate that your investment will earn for the first term. ACC guarantees that when rates for new purchases take effect, the rates will be within a specified range of the National Deposit Rates as published by the FDIC. ACC also guarantees that your rate for the initial term will not be less than 0.00%, even if the published range noted falls below 0.00%.

For purchases of certificates for less than $100,000, ACC guarantees that your rate for your initial term will be:

3 months	Within a range from 220 basis points (2.20%) above to 320 basis points (3.20%) above the National Deposit Rate published for 3-month CDs.
6 months	Within a range from 235 basis points (2.35%) above to 335 basis points (3.35%) above the National Deposit Rate published for 6-month CDs.
9 months	Within a range from 220 basis points (2.20%) above to 320 basis points (3.20%) above the National Deposit Rate published for 6-month CDs.
12 months	Within a range from 190 basis points (1.90%) above to 290 basis points (2.90%) above the National Deposit Rate published for 12-month CDs.
18 months	Within a range from 185 basis points (1.85%) above to 285 basis points (2.85%) above the National Deposit Rate published for 12-month CDs.
24 months	Within a range from 190 basis points (1.90%) above to 290 basis points (2.90%) above the National Deposit Rate published for 24-month CDs.
30 months	Within a range from 180 basis points (1.80%) above to 280 basis points (2.80%) above the National Deposit Rate published for 24-month CDs.
36 months	Within a range from 165 basis points (1.65%) above to 265 basis points (2.65%) above the National Deposit Rate published for 36-month CDs.

For purchases of certificates for $100,000 or more, ACC guarantees that your rate for your initial term will be:

3 months	Within a range from 230 basis points (2.30%) above to 330 basis points (3.30%) above the National Deposit Rate published for 3-month CDs.
6 months	Within a range from 245 basis points (2.45%) above to 345 basis points (3.45%) above the National Deposit Rate published for 6-month CDs.
9 months	Within a range from 230 basis points (2.30%) above to 330 basis points (3.30%) above the National Deposit Rate published for 6-month CDs.
12 months	Within a range from 200 basis points (2.00%) above to 300 basis points (3.00%) above the National Deposit Rate published for 12-month CDs.
18 months	Within a range from 195 basis points (1.95%) above to 295 basis points (2.95%) above the National Deposit Rate published for 12-month CDs.

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24 months	Within a range from 200 basis points (2.00%) above to 300 basis points (3.00%) above the National Deposit Rate published for 24-month CDs.
30 months	Within a range from 190 basis points (1.90%) above to 290 basis points (2.90%) above the National Deposit Rate published for 24-month CDs.
36 months	Within a range from 175 basis points (1.75%) above to 275 basis points (2.75%) above the National Deposit Rate published for 36-month CDs.

For example, if the most recently published National Deposit Rate for 12-month CDs is 1.81%, our rate in effect for the following week for investment amounts less than $100,000 would be between 3.71% and 4.71% for the 12-month term product.

Please Note:

•

In the case of the 9-month term, because the FDIC does not typically publish a 9-month National Deposit Rate, ACC uses a range based on the 6-month National Deposit Rate.

•

In the case of the 18-month term, because the FDIC does not typically publish an 18-month National Deposit Rate, ACC uses a range based on the 12-month National Deposit Rate.

•

Similarly, in the case of the 30-month term, because the FDIC does not typically publish a 30-month National Deposit Rate, ACC uses a range based on the 24-month National Deposit Rate.

For purchases of certificates for less than $100,000, ACC guarantees that your rate for your initial term will be:

7 months*	Within a range from 235 basis points (2.35%) above to 335 basis points (3.35%) above the National Deposit Rate published for 6-month CDs.
11 months	Within a range from 215 basis points (2.15%) above to 315 basis points (3.15%) above the National Deposit Rate published for 12-month CDs.
19 months	Within a range from 210 basis points (2.10%) above to 310 basis points (3.10%) above the National Deposit Rate published for 12-month CDs.
25 months	Within a range from 215 basis points (2.15%) above to 315 basis points (3.15%) above the National Deposit Rate published for 24-month CDs.
31 months	Within a range from 205 basis points (2.05%) above to 305 basis points (3.05%) above the National Deposit Rate published for 24-month CDs.
37 months	Within a range from 190 basis points (1.90%) above to 290 basis points (2.90%) above the National Deposit Rate published for 36-month CDs.

See section entitled “Investment Amounts and Terms” about minimum investment requirements.

For purchases of certificates for $100,000 or more, ACC guarantees that your rate for your initial term will be:

7 months*	Within a range from 245 basis points (2.45%) above to 345 basis points (3.45%) above the National Deposit Rate published for 6-month CDs.
11 months	Within a range from 225 basis points (2.25%) above to 325 basis points (3.25%) above the National Deposit Rate published for 12-month CDs.

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13 months*	Within a range from 200 basis points (2.00%) above to 300 basis points (3.00%) above the National Deposit Rate published for 12-month CDs.
19 months	Within a range from 220 basis points (2.20%) above to 320 basis points (3.20%) above the National Deposit Rate published for 12-month CDs.
25 months	Within a range from 225 basis points (2.25%) above to 325 basis points (3.25%) above the National Deposit Rate published for 24-month CDs.
31 months	Within a range from 215 basis points (2.15%) above to 315 basis points (3.15%) above the National Deposit Rate published for 24-month CDs.
37 months	Within a range from 200 basis points (2.00%) above to 300 basis points (3.00%) above the National Deposit Rate published for 36-month CDs.

See section entitled “Investment Amounts and Terms” about minimum investment requirements.

ACC may limit the offering of the certificates with terms referenced in the tables immediately above this paragraph to persons who have received a coupon as a promotion, based on a business strategy to build relationships with new clients in related market segments or persons who we believe meet threshold requirements for such factors as household income and home values or persons who fit this strategy and live in particular areas of the country or are affiliated with particular organizations.

ACC may also offer different rates or terms to new clients, existing clients, or to individuals who have purchased other products or used other services of Ameriprise Financial or its subsidiaries, and may offer some terms only in selected distribution channels. We also may offer different rates based on your amount invested, your geographic location and whether the certificate is purchased for an IRA or for a qualified retirement account.

Ameriprise Flexible Savings Certificates are not FDIC insured. Each Monday we will use the National Deposit Rates published by the FDIC for establishing the rates starting Wednesday of the following week.

Information on current National Deposit Rates can be obtained on the internet at fdic.gov/regulations/resources/rates/index.html.

If the National Deposit Rates are no longer publicly available or feasible to use, ACC may use another similar index as a guide for setting rates.

Rates for new purchases are reviewed and may change weekly. The rate you receive will be the higher of:

•

the rate in effect on the date your payment is applied and your account is activated, or

•

the rate in effect seven days before that date,

provided your completed application is accepted by us within 3 business days of the payment received date.

Rates for future terms: Interest on your certificate for future terms may be greater or less than the rates you receive during your first term. In setting future interest rates, a primary consideration will be the prevailing investment climate,

AMERIPRISE CERTIFICATES – PROSPECTUS – 2024

including the National Deposit Rates. Nevertheless, we have complete discretion as to what interest rate is declared beyond the initial term. In advance of each term, we will provide you notice of the rate that your certificate will earn for that term. If the National Deposit Rates are no longer publicly available or feasible to use, ACC may use another similar index as a guide for setting rates. For current rates, visit ameriprise.com/cashrates, consult your financial advisor or call us at the telephone number listed on the back cover.

Performance: The following chart illustrates Ameriprise Flexible Savings Certificate one year yields from February 2014 through February 2024, the Non-Jumbo Deposit Rate published by the FDIC for 12-month CDs from February 2014 through April 2021, and the National Deposit Rate published by the FDIC for 12-month CDs from April 2021 through February 2024*.

The graph compares past yields and should not be considered a prediction of future performance.

From May 2009 to April 2021, Ameriprise Flexible Savings Certificate yields were compared to the Non-Jumbo Deposit Rates. In April 2021, the FDIC ceased publishing the Non-Jumbo Deposit Rate and began publishing the National Deposit Rate.

PROMOTIONS AND PRICING FLEXIBILITY

ACC may sponsor or participate in promotions involving certificates and their respective terms. For example, we may offer different rates to new clients, to

AMERIPRISE CERTIFICATES – PROSPECTUS – 2024

existing clients, to Ameriprise Achiever Circle and Achiever Circle Elite clients, or to individuals who have purchased other products or used other services of Ameriprise Financial or its affiliates.

We also may offer different rates based on the amount invested and/or geographic location and whether the certificate is purchased for an IRA or a qualified retirement account.

These promotions will generally be for a specified period of time. If we offer a promotion, the rates for new purchases will be within the range of rates described under “Rates for New Purchases.”

How to Invest and Withdraw Funds

BUYING YOUR CERTIFICATE

Purchase policies

•

You have 15 days from the date of purchase to cancel your investment without penalty by contacting us at the address or telephone number on the back cover. If you decide to cancel your certificate within this 15-day period, you will not earn any interest.

•

AMERIPRISE CERTIFICATES – PROSPECTUS – 2024

•

ACC has complete discretion to determine whether to accept an application and sell a certificate.

•

ACC reserves the right to surrender your account if the initial investment requirement for the product is not met.

A number of special policies apply to purchases, withdrawals and exchanges within IRAs, 401(k) plans and other qualified retirement plans. See “Retirement Plans: Special Policies.”

ADDITIONAL INVESTMENTS

You may make additional investments during the 15 day period following the date of purchase as well as on the term end date and within 15 calendar days after the end of a term (the grace period). Investments added to your certificate during the grace period will increase the principal balance for purposes of the 25% add-on feature described below and the 10% withdrawal feature described under “Full and Partial Withdrawals.”

Additional investments may be in any amount so long as your total investment, less withdrawals, does not exceed $2 million, unless you receive prior approval from ACC to invest more. You will earn interest on additional investments from the date we accept them. ACC will provide a confirmation of additional investments.

If you establish a systematic investment arrangement, you will receive a confirmation when the arrangement is set-up, but you will not receive a confirmation each time we receive a payment.

If you add to a certificate purchased other than through a financial advisor of Ameriprise Financial Services, you may be given different instructions regarding additional investments.

Add-on feature: You may also add to your certificate during the term. These additional investments may not exceed 25% of the certificate’s principal balance at the end of the grace period. This principal includes the balance at the end of the previous term, plus or minus any deposits or withdrawals during the grace period.

Any add-on or withdrawal during the grace period will change the principal amount used to determine the amount available for the 25% add-on feature.

For example, suppose your original balance is $9,000. During the grace period, you add $1,000. At any time during the current term, you could add up to 25% of principal ($9,000 + $1,000 = $10,000), or $2,500 to your certificate.

The interest rate for these additional investments is the rate then in effect for your account. If your additional investment increases the principal of your

AMERIPRISE CERTIFICATES – PROSPECTUS – 2024

certificate so that your certificate’s principal has exceeded a breakpoint for a higher interest rate, the certificate will earn this higher interest rate from the date the additional investment is accepted.

For additional information on Buying, Selling and Transferring Certificates see page 34.

FULL AND PARTIAL WITHDRAWALS

•

If you withdraw during a certificate month, you will not earn interest for the month on the amount withdrawn.

•

Complete withdrawal of your certificate is made by giving us proper instructions. To complete these transactions, see “How to Request a Withdrawal or Transfer.”

•

Full and partial withdrawals of principal may be subject to penalties, described below.

•

Interest payments in cash may be sent to you at the end of each certificate month, quarter, or on a semiannual or annual basis, depending on term length.

•

If a withdrawal reduces your account value to a point where we pay a lower interest rate, you will earn the lower rate from the date of the withdrawal.

•

You may not otherwise make a partial withdrawal if it would reduce your certificate balance to less than $1,000. If you request such a withdrawal, we will contact you for revised instructions.

•

Scheduled partial withdrawals may be made monthly, quarterly, semiannually, annually and at term end. Such withdrawals may be subject to penalties, described below.

•

Because we credit interest on your certificate’s monthly anniversary, withdrawals before the end of the certificate month will result in loss of accrued interest on the amount withdrawn. You will get the best result by timing a withdrawal at the end of the certificate month, that is, on an interest crediting date.

Withdrawal penalties

Penalties for early withdrawal: When you request a full or partial withdrawal, we pay the amount you request:

•

first from interest credited during the current term,

•

then from the principal of your certificate.

Any additional investments or withdrawals during a term are added to or deducted from the principal and are used in determining any withdrawal charges.

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For withdrawals during the term of more than the interest credited that term and over 10% of the certificate’s principal, a 2% withdrawal penalty will be deducted from the account’s remaining balance.

For example, assume you invest $20,000 in a certificate and select a two-year term. A little over a year later assume you have earned $600 in interest. The following demonstrates how the withdrawal charge is deducted:

When you withdraw a specific amount of money in excess of the interest credited and the 10% free amount, we would have to withdraw additional funds from your account to cover the withdrawal charge. For instance, suppose you request a $5,000 check. The first $600 paid to you is interest earned that term, the next $2,000 is 10% of principal, and not subject to the withdrawal penalty, and the remaining $2,400 paid to you is principal over the 10% limit. We would send you a check for $5,000 and deduct a withdrawal charge of $48.00 ($2,400 x 2%) from the remaining balance of your certificate account. Your new balance would be $15,552 ($20,600 – $5,048).

Total investments	$20,000
Interest credited	600
Total balance	$20,600

Requested check	$5,000
Credited interest withdrawn	(600 )
10% of principal — not subject to penalty	(2,000 )

Remaining portion of requested withdrawal — subject to penalty	$2,400
Withdrawal penalty percent	2%
Actual withdrawal penalty	$48

Balance prior to withdrawal	$20,600
Requested withdrawal check	(5,000 )
Withdrawal penalty	(48 )
Total balance after withdrawal	$15,552

Penalty exceptions: ACC never imposes a penalty for withdrawal of interest. In addition, you may withdraw up to 10% of your principal during the term without being assessed a withdrawal penalty by ACC. The principal available for the 10% no-penalty withdrawal feature is the balance in the certificate at the beginning of the term plus or minus any deposits or withdrawals made during the grace period.

The following example demonstrates how this feature works:

Assume your certificate balance is $1,000. During the grace period you add $500, bringing the principal to $1,500.

At any time during the term you could withdraw up to $150 of principal with no penalty assessed by ACC.

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Any additional investments or withdrawals following the grace period will not change the principal amount used to determine the amount available for the 10% no-penalty withdrawal feature.

Also the 2% penalty is waived:

•

upon death of the certificate owner up to a maximum of six months after the estate settlement has been processed by ACC.

•

when this certificate is owned by a revocable or irrevocable trust upon death of any grantor of the revocable or irrevocable trust up to a maximum of six months from the date of death.

•

on withdrawals for IRA certificate accounts and for certificate accounts in other qualified plans after age 70.5. See “Retirement Plans: Special Policies.”

Any withdrawals that result in a distribution from your IRA may be subject to income taxation and tax penalties.

Other full and partial withdrawal policies

•

If you request a partial or full withdrawal of the funds that may include at-risk or non-guaranteed funds, we will wait 10 calendar days before completing the request.

•

If your certificate is pledged as collateral, any withdrawal or maturity will be delayed until we get approval from the secured party.

•

Any payments to you may be delayed under applicable rules, regulations or orders of the SEC.

For more information on withdrawal charges, contact your financial advisor or call us at the telephone number on the back cover.

WHEN YOUR CERTIFICATE TERM ENDS

Shortly before the end of the term you have selected for your certificate, we will provide you with a notice indicating the interest rate that will apply to the certificate for the new term. When your certificate term ends we will automatically renew your certificate for the standard term (3, 6, 9, 12, 18, 24, 30 or 36 month) nearest in length to your initial term. If you have a 7- or 13-month term certificate, we will automatically renew your certificate into a 6- or 12-month term certificate, respectively. If your initial term is equidistant from two standard terms, we will automatically renew your certificate to the term with the longest term length that is shorter than your initial term. If you wish to select a different term, you must notify us before the end of the grace period. You will not be allowed to select a term that would carry the certificate past its maturity date.

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The interest rates that will apply to your new term will be those in effect on the day the new term begins. We will provide you with a confirmation showing the rate of interest that will apply to the new term you have selected. You may also validate the term length and interest rate on your consolidated statement. This rate of interest will not change during that term unless your certificate’s principal falls below a break point for a lower rate or goes above a break point for a higher interest rate.

If you want to withdraw your certificate without a withdrawal charge, you must notify us within 15 calendar days following the end of a term. However, you will lose any interest accrued since the end of the term.

You may also add to your investment within the 15 calendar days following the end of your term. See “Additional Investments” under “How to Invest and Withdraw Funds.” You may also make a withdrawal within the 15 calendar days following the end of your term. See “Full and Partial Withdrawals” under “How to Invest and Withdraw Funds.”

Grace period:

A grace period of 15 calendar days follows the end of a term. If the 15th calendar day falls on a non-business day, the grace period can be extended to the next business day. During the grace period, as well as on the term end date, you may:

•

Select a different term; however, you will not be allowed to select a term that would carry the certificate past its maturity date,

•

Withdraw your certificate without a withdrawal charge, or

•

Add to your investment. See “Additional Investments” under “How to Invest and Withdraw Funds.”

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Ameriprise Installment Certificate

About the Certificate

INVESTMENT AMOUNTS

You may purchase the Ameriprise Installment Certificate in any amount from $50 through $5,000, payable in U.S. currency, through scheduled monthly purchase payment installments. You may also make additional lump-sum investments in any amount. Unless you receive prior approval from ACC, your total amount paid in over the life of the certificate cannot exceed $600,000. ACC guarantees your principal and interest. ACC reserves the right to surrender your account if the initial investment requirement for the product is not met.

The certificate may be used as an investment for your Individual Retirement Account (IRA), 401(k) plan account or other qualified retirement plan account. If so used, the amount of your contribution (investment) will be subject to any limitations of the plan and applicable federal law.

FACE AMOUNT AND PRINCIPAL

The face amount of your certificate is the total of your scheduled monthly investments during its 10-year life. The minimum face amount is $6,000 or the total of 120 monthly investments of $50 each. Your maximum face amount cannot exceed $600,000. We reserve the right to restrict payments that would bring the total monthly investment to more than $5,000. Your principal is the amount you actually invest over the life of the certificate, less any withdrawals of your investments, and penalties and fees.

VALUE AT MATURITY

Your certificate matures 10 years from its issue date. At maturity, you will receive a distribution for the value of your certificate unless at least 10 days before the maturity date you request to reinvest those proceeds into another certificate or investment. This will be the total of your actual investment, plus credited interest not paid to you in cash, less any withdrawals, withdrawal penalties, and applicable federal tax withholdings. Bank Authorizations, such as ACH-IN or other systematic arrangements, will automatically be stopped at maturity or full withdrawal.

RECEIVING CASH DURING THE TERM

If you need your money, you may withdraw part or all of its value at any time. Withdrawals made during the first three years after the date your certificate was purchased may have a withdrawal penalty. Procedures for withdrawing money, as well as conditions under which penalties apply, are described in “How to Invest and Withdraw Funds.”

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INTEREST

ACC declares and guarantees a fixed rate of interest every three months during the life of your certificate. We calculate the amount of interest you earn each certificate month by:

•

applying the interest rate then in effect to your balance each day;

•

adding these daily amounts to get a monthly total; and

•

subtracting interest accrued on any amount you withdraw during the certificate month.

Interest is calculated on a 30-day month and 360-day year basis.

If you withdraw during a certificate month, you will not earn interest for the month on the amount withdrawn.

RATES FOR NEW PURCHASES

ACC has complete discretion to determine whether to accept an application and sell a certificate or accept additional payments into a certificate. When your completed application is accepted, and we have received your initial investment, we will provide you a confirmation showing the fixed rate that your investment will earn for the first 3-month period, 4.41% as of the date of this prospectus.

This rate is set at the discretion of ACC and may change.

Rates for new purchases are reviewed and may change weekly. The rate you receive will be the higher of:

•

the rate in effect on the date your payment is applied and your account is activated, or

•

the rate in effect seven days prior to that date,

provided your completed application is accepted by us within 3 business days of the payment received date.

Rates for future periods: Interest on your certificate for future three-month periods may be greater or less than the rates you receive during the first three months. In setting future interest rates, a primary consideration will be the prevailing investment climate. Nevertheless, we have complete discretion as to what interest shall be declared beyond the initial three-month period. At least six days in advance of each three-month period, we will provide you notice of the rate that your certificate will earn for that period.

AMERIPRISE CERTIFICATES – PROSPECTUS – 2024

PROMOTIONS AND PRICING FLEXIBILITY

ACC may sponsor or participate in promotions involving the certificate and its respective terms. For example, we may offer different rates to new clients, to existing clients, or to individuals who purchase or use products or services offered by Ameriprise Financial or its affiliates.

We also may offer different rates based on the amount invested, geographic location and whether the certificate is purchased for an IRA or a qualified retirement account.

These promotions will generally be for a specified period of time. If we offer a promotion, rates will be stated in a supplement to this prospectus.

How to Invest and Withdraw Funds

BUYING YOUR CERTIFICATE

Your financial advisor will help you fill out and submit an application to open an account with us and purchase a certificate. If you purchase your certificate other than through a financial advisor of Ameriprise Financial Services — for example, through a direct marketing channel — you may be given different purchase instructions. We will process the application at our corporate offices in Minneapolis, Minnesota. When we have accepted your completed application and received your initial investment, we will provide you with a confirmation of your purchase, indicating your account number and showing the rate of interest for your first three months as described under “Rates for New Purchases.” See “Purchase policies” below.

Important: When you open an account, you must provide your correct Taxpayer Identification Number (TIN), which is your Social Security Number, Individual Taxpayer Identification Number, or Employer Identification number and Foreign TIN (if applicable). See “Taxes on Earnings and Withdrawals.” Once your account is set up, there are several convenient ways to make monthly investments.

Purchase policies

•

If you purchase a certificate with a personal check or other non-guaranteed funds, we will wait one day for the process of converting your check to

AMERIPRISE CERTIFICATES – PROSPECTUS – 2024

federal funds (e.g., monies of member banks within the Federal Reserve Bank) before your purchase will be accepted and you begin earning interest. For information on how to avoid this delay, please call us at the telephone number listed on the back cover.

•

When you establish a systematic investment arrangement, you will receive a confirmation when the arrangement is set-up, but you will not receive a confirmation each time we receive a payment.

•

ACC has complete discretion to determine whether to accept an application and sell a certificate.

•

ACC reserves the right to surrender your account if the initial investment requirement for the product is not met.

•

If you make no investments for a period of at least six consecutive months and your principal is less than $500, we may send you a notice of our intent to cancel the certificate. After the notice, if an investment is not made within 60 days, your certificate will be canceled, and we will send you a check for its full value.

A number of special policies apply to purchases, withdrawals and exchanges within IRAs, 401(k) plans and other qualified retirement plans. See “Retirement Plans: Special Policies.”

For additional information on Buying, Selling and Transferring Certificates see page 34.

FULL AND PARTIAL WITHDRAWALS

•

You may withdraw your certificate for its full value or make a partial withdrawal of $100 or more at any time. Only one withdrawal is permitted per day. We reserve the right to change the minimum withdrawal amount in the future. If you purchase this certificate for an IRA, 401(k), or other retirement plan account, early withdrawals or cash payments of interest taken prematurely may be subject to IRS tax and penalty.

•

If you withdraw during a certificate month, you will not earn interest for the month on the amount withdrawn.

•

Complete withdrawal of your certificate is made by giving us proper instructions. To complete these transactions, see “How to Request a Withdrawal or Transfer.”

•

Full and partial withdrawals of principal in the first three years are subject to penalties, described below.

•

You may not make a partial withdrawal if it would reduce your certificate balance to less than $250. If you request such a withdrawal, we will contact you for revised instructions.

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You may withdraw credited interest during any term without paying an early withdrawal penalty. A withdrawal of interest must be at least $100 and not reduce your certificate balance below $250.

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Penalties for early withdrawal: If you withdraw money within three years after the certificate was purchased, you will pay a penalty of 2% of the principal withdrawn. Except to the extent your balance would be less than $250, this penalty will be taken from the remaining balance, not the amount withdrawn.

The 2% penalty is waived:

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upon death of the certificate owner up to a maximum of six months after the estate settlement has been processed by ACC.

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when this certificate is owned by a revocable or irrevocable trust upon death of any grantor of the revocable or irrevocable trust up to a maximum of six months from the date of death.

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on withdrawals for IRA certificate accounts and for certificate accounts in other qualified plans after age 70.5. See “Retirement Plans: Special Policies.”

Any withdrawals that result in a distribution from your IRA may be subject to income taxation and tax penalties.

When you request a full or partial withdrawal, we pay the amount you request:

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first from interest credited to your account,

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then from the principal of your certificate.

For example, assume this is your balance at the end of the second year:

Total investments	$7,200.00
Interest credited	75.48
Total balance	$7,275.48

If you request a $1,000 check, we would withdraw funds in this order:

Credited interest	$75.48
Withdrawal of principal	924.52
Total requested withdrawal	$1,000.00

In addition, we would have to withdraw funds to cover the full withdrawal penalty:

Principal withdrawn	$924.52
Withdrawal penalty %	2%
Withdrawal penalty	$18.49

The total transaction would be:

Beginning balance	$7,275.48
Credited interest withdrawn	(75.48 )
Principal withdrawn	(924.52 )
Withdrawal penalty (also from principal)	(18.49 )
Remaining balance	$6,256.99

Loss of interest: Because we credit interest on your certificate’s monthly anniversary, if you make a withdrawal at any time other than the last day of the certificate month, you will lose interest accrued on the withdrawal amount since the end of the last certificate month. It may be advantageous, therefore, to

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request a withdrawal at the end of the certificate month — that is, on an interest crediting date.

Other full and partial withdrawal policies

•

If you request a partial or full withdrawal of the funds that may include at-risk or non-guaranteed funds, we will wait 10 calendar days before completing the request.

•

If your certificate is pledged as collateral, any withdrawal will be delayed until we get approval from the secured party.

•

Any payments to you may be delayed under applicable rules, regulations or orders of the SEC.

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General Information

This information is current as of the date of this prospectus. These instructions may change in the future. Please contact your financial advisor or contact us at the number on the back cover if you want to confirm these instructions.

Buying, Selling and Transferring Certificates

HOW TO MAKE INVESTMENTS

By phone

Contact your financial advisor or call us at 1.800.862.7919 to set up one of the following plans for lump sum investments or for recurring investments, if applicable:

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Recurring and one-time ACH payments from your pre-authorized bank account

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Automatic payroll deduction

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Direct deposit of social security check

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Other plan approved by ACC

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Monthly minimum investment must be $50

To cancel a recurring ACH investment, you must instruct ACC in writing or by phone. We must receive notice at least 3 business days before the date funds would normally be withdrawn from your bank account.

By mail

If you have an established account, you may mail a check, by regular or express mail, along with your name and account number to:

Ameriprise Financial Services
70200 Ameriprise Financial Center
Minneapolis, MN 55474

By client-initiated transaction (ameriprise.com)

For Ameriprise Cash Reserve Certificates only, you may make lump sum or recurring ACH investments online to your established account through the ameriprise.com website.

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By wire

If you have an established account, you may wire money to:

Wells Fargo Bank MN, NA
6th Street Marquette Ave
Minneapolis, MN 55479
ABA Routing Transit Number: 121000248

Account Number 0000030015
Credit to Ameriprise Financial

For Further Credit To: (your certificate account number) and (your name).
Your account number must be formatted as follows: XXXXXXXXXXX X 001 (11 digit account number, space, check digit, space, admin code).

If this information is not included, the order may be rejected and all money received, less any costs we incur, will be returned promptly.

•

Minimum amount for each wire investment: $1,000.

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Wire orders can be accepted only on days when your bank, Ameriprise Financial and its affiliates and Wells Fargo Bank Minnesota, N.A. are open for business.

•

Wire purchases are completed when wired payment is received and we accept the purchase.

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Wire investments must be received and accepted in our Minneapolis headquarters on a business day before 3 p.m. Central time to be credited that day. Otherwise your purchase will be processed the next business day.

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We are not responsible for any delays that occur in wiring funds, including delays in processing by the bank.

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You must pay for any fee the bank charges for wiring.

TRANSFERS TO OTHER ACCOUNTS

You may transfer part or all of your certificate to any other Ameriprise Certificate or into another Ameriprise Financial Services account within the same household group (subject to product rules and certain restrictions). Some requests may be required to come in writing.

If you request a partial or full transfer of a certificate recently purchased or added to by a check or money order that is not guaranteed, we will wait for your check to clear. Please expect a minimum of 10 calendar days from the date of your payment before the partial or full transfer is processed.

HOW TO REQUEST A WITHDRAWAL OR TRANSFER

By phone

Call your financial advisor or call us at 1.800.862.7919.

•

Telephone withdrawals may be subject to maximum withdrawal limits as defined by the broker/dealer.

AMERIPRISE CERTIFICATES – PROSPECTUS – 2024

•

A form may be required for certain withdrawals or transfers as defined by the broker/dealer.

•

Transfers may be made into an Ameriprise Financial Services account within the same household group for owners of those accounts.

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We will honor any eligible telephone withdrawal or transfer request believed to be authentic and will use reasonable procedures to confirm authenticity.

By Form

Contact your financial advisor or call us at 1.800.862.7919 to obtain the appropriate form and instructions.

Send your completed form request for a withdrawal or transfer, by regular or express mail, to:

Ameriprise Financial Services
70100 Ameriprise Financial Center
Minneapolis, MN 55474

Form requests are required for:

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Checks or ACH withdrawals over the maximum limit set by the broker/dealer.

•

Certain transfers to another Ameriprise Financial Services account.

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Checks sent to anyone other than the listed owner(s) of the account.

•

Checks sent to an address not on file.

By client-initiated transaction (ameriprise.com)

For Ameriprise Cash Reserve Certificate clients only, you may make an online lump sum transaction through ameriprise.com.

•

Transfers to your Brokerage accounts within the same household group in which you are an owner on both accounts.

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ACH transfers to your pre-authorized bank account.

HOW TO RECEIVE PAYMENT WHEN YOU WITHDRAW FUNDS

By regular or express mail

•

Fee for express mail: We will deduct the fee from your remaining certificate balance, provided that the balance would not be less than $1,000. If the balance would be less than $1,000, we will deduct the fee from the proceeds of the withdrawal.

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Timing: checks are mailed the business day following the transaction. Allow for seven days if sent regular mail, two days for express mail.

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Phone Restrictions: Checks will be mailed to the address on file, payable to the name(s) listed on the account.

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By wire

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Fee: We will deduct the fee from your remaining certificate balance, provided that the balance would not be less than $1,000. If the balance would be less than $1,000, we will deduct the fee from the proceeds of the withdrawal.

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Timing: wires are sent the business day following the transaction.

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Phone Restrictions: Bank instructions must be pre-authorized.

By ACH

•

Fee: no charge.

•

Timing: ACH is sent the business day following the transaction. Allow 2-3 business days to deposit.

•

Bank instructions must be pre-authorized for requests made via phone or in writing.

BUSINESS DAY

A business day is any day that the New York Stock Exchange (NYSE) is open. A business day typically ends at the close of regular trading on the NYSE, usually at 3:00 p.m. Central time. If the NYSE is scheduled to close early, the business day will be considered to end as of the time of the NYSE’s scheduled close. ACC will not treat an intraday unscheduled disruption in NYSE trading or an intraday unscheduled closing as a close of regular trading on the NYSE for these purposes and the business day will end as of the regularly scheduled closing time for that day (typically, 3:00 p.m. Central time).

RETIREMENT PLANS: SPECIAL POLICIES

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If the certificate is purchased for a 401(k) plan or other qualified retirement plan account, the terms and conditions of the certificate apply to the plan as the owner of the certificate. However, the terms of the plan, as interpreted by the plan trustee or administrator, will determine how a participant’s benefit under the plan is administered. These terms may differ from the terms of the certificate.

•

If your certificate is held in a custodial or investment only retirement plan, special rules may apply at maturity. If no other investment instructions are provided directing how to handle your certificate at maturity, the full value of the certificate may transfer to a new or existing Ameriprise Cash product within the plan.

•

Ameriprise certificates do not charge IRA custodial fees; however, fees (including custodial fees) related to non-certificate products (e.g., brokerage accounts) you may hold may be withdrawn from your certificate according to the terms of your plan. It may reduce the amount payable at maturity or the amount received upon an early withdrawal.

•

Retirement plan withdrawals may be subject to withdrawal penalties or loss of interest even if they are not subject to federal tax withholding or penalties.

AMERIPRISE CERTIFICATES – PROSPECTUS – 2024

•

If applicable, we will waive withdrawal penalties on withdrawals for qualified retirement plan and IRA certificate accounts for withdrawals after age 70.5.

•

If your certificate is held in an IRA, special rules may apply at maturity. If no other investment instructions are provided directing how to handle your certificate at maturity, you will receive a distribution for the full value of your certificate, less 10% federal withholding unless we are notified at least 10 days before the maturity date not to withhold or you elect a different withholding percentage using IRS Form W-4R. Depending on your individual circumstances, you may have 60 days to roll the distribution amount (i.e. the proceeds plus the amount withheld) to another eligible retirement plan.

•

If you withdraw all funds from your last account in an IRA at Ameriprise Trust Company, a plan termination fee may apply as set out in the applicable Your Guide to IRAs, the disclosure information received when you opened your account. This fee may be paid from your certificate proceeds.

•

The termination fee will be waived if a withdrawal is due to a required minimum distribution or upon the owner’s death.

•

Ameriprise certificates are not offered in 403(b) plans.

COVERDELL EDUCATION SAVINGS ACCOUNT

Ameriprise Certificates are not offered in a Coverdell Education Savings Account.

WITHDRAWAL AT DEATH

If a certificate is surrendered upon the client’s death, any applicable early withdrawal penalties will be waived.

TRANSFER OF OWNERSHIP

While a certificate is not negotiable, ACC will transfer ownership upon your written notification. However, if you have purchased your certificate for a 401(k) plan or other qualified retirement plan, or an IRA you may be unable to transfer or assign the certificate without losing the account’s favorable tax status. Please consult your tax advisor.

FOR MORE INFORMATION

For information on purchases, withdrawals, exchanges, transfers of ownership, proper instructions and other service questions regarding your certificate, please consult your financial advisor or call us at the telephone number listed on the back cover.

If you purchase your certificate other than through a financial advisor, you may be given different purchase and withdrawal instructions.

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Taxes on Earnings and Withdrawals

The following is a general description of the federal income tax consequences of holding certificates. This description applies to cash-method individual taxpayers holding a certificate in a taxable account. Individual tax circumstances vary. The following does not address the tax consequences of ownership of a certificate through an IRA, 401(k) or other tax qualified retirement plan account, does not address the taxation of certificates under state, municipal, or foreign law, and does not cover all tax consequences arising from the ownership of a certificate. It is possible that changes in tax laws or interpretations may result in changes to the taxation of certificates or tax reporting for certificates. The tax consequences described in this prospectus are based on the issuer’s interpretation of current law, based on the assumption that Ameriprise Certificates should be subject to taxation in a manner similar to comparable financial products. The issuer has not received an IRS ruling, or an opinion of counsel verifying the tax consequences described herein. As always, before purchasing an Ameriprise Certificate, you should consult your own tax advisor as to all tax consequences of certificate ownership.

TAXATION OF EARNINGS

The taxation of income from Ameriprise Certificates varies by product. Interest income on Ameriprise Cash Reserve Certificates, Ameriprise Flexible Savings Certificates, and Ameriprise Installment Certificates is treated as qualified stated interest (“QSI”), which is included in taxable income of the certificate holder when credited to the certificate account.

Certain high-income individuals (as well as estates and trusts) are subject to a 3.8% net investment income surtax. For individuals, the 3.8% tax applies to the lesser of (1) the amount by which the taxpayer’s modified adjusted gross income exceeds certain threshold amounts or (2) the taxpayer’s “net investment income” as defined by Internal Revenue Code §1411. For this purpose, net investment income includes interest on certificates.

TAXATION OF WITHDRAWALS

Withdrawals from Ameriprise Certificates are considered redemptions for tax purposes. Withdrawals from certificates generally do not generate taxable gains or losses because the tax basis allocated to the proceeds withdrawn is generally equal to the proceeds withdrawn.

TAX REPORTING

Each calendar year we provide the certificate owners and the IRS with reports of all interest of $10 and above credited or accrued to certificate owners’ accounts on Form 1099-INT, Interest Income. Interest on Ameriprise Cash Reserve Certificates, Ameriprise Flexible Savings Certificates, and Ameriprise Installment Certificates will be reported as interest.

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Withdrawals are reported to certificate owners and the IRS on Form 1099-B, Proceeds from Broker and Barter Exchange Transactions because a surrender or redemption from a certificate is treated as a sale of a security. Withdrawals from certificate accounts that have an initial funding date after 2015 are subject to additional tax reporting requirements on Form 1099-B. Forms 1099-B for these withdrawals will include the adjusted basis for the amount withdrawn, the holding period and character of any gain or loss (short-term, long-term, or ordinary), and any wash sale adjustments. For withdrawals from certificate accounts funded prior to 2016, the certificate owner’s year-end tax package will also include basis information, however, this basis information is not provided to the IRS.

NON-U.S. INVESTORS

U.S. law requires withholding and reporting on certain transactions on accounts owned by non-U.S. investors, including nonresident aliens and foreign entities. The IRS requires that these investors certify non-U.S. status and, if applicable, tax treaty eligibility, by completing one of the Forms W-8, available at www.irs.gov. Failure to provide the applicable Form W-8 may result in backup withholding on interest, withdrawals, and redemptions. Other rules require additional reporting for foreign entities, such as foreign financial institutions. ACC does not accept foreign entity clients as certificate purchasers.

Interest on your certificate is “portfolio interest” as defined in U.S. Internal Revenue Code Section 871(h). Portfolio interest received by a nonresident individual or a foreign corporation from sources within the United States generally is not subject to U.S. tax. Even though such interest income is not taxed by the U.S. government, it will be reported at year end to the non-U.S. investor and to the U.S. government on a Form 1042-S, Foreign Person’s U.S. Source Income Subject to Withholding. The United States participates in various tax treaties with foreign countries, which provide for sharing of tax information between the United States and such foreign countries. Under the Foreign Account Tax Compliance Act (FATCA – Internal Revenue Code §§1471-1474 and Treasury Regulations), a withholding agent may be required to withhold 30% of certain payments (including interest crediting) to (i) a foreign financial institution (including non-U.S. investment funds) unless such foreign financial institution agrees to verify, report, and disclose certain of its U.S. accountholders and meets certain other specified requirements or (ii) a non-financial foreign entity that is the beneficial owner of the payment unless such entity certifies that it does not have any substantial U.S. owners or provides the name, address, and taxpayer identification number of each substantial U.S. owner and such entity meets certain other specific requirements.

RETIREMENT ACCOUNTS

If these certificates are held in an IRA or other qualified plan account, certain income tax rules apply to withdrawals.

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Income Tax Withholding: When you take a distribution from an IRA, 10% of the amount must be withheld for federal income taxes, unless you elect a different withholding percentage using IRS Form W-4R or choose not to have the tax withholding apply. When you take a distribution from a qualified plan account, such as a 401(k), 20% of the amount must be withheld for federal income taxes unless the distribution is directly rolled over to another qualified plan or IRA. Distributions that are not eligible to be rolled over, such as required minimum distributions, are not subject to 20% mandatory withholding but may be subject to the 10% withholding described above.

The federal income tax withholding requirements differ if we deliver payment outside the United States or you are a non-resident alien.

Tax Penalties: In general, distributions from IRAs and other qualified plan accounts are also subject to a 10% premature distribution penalty tax unless the distribution is made after age 59 1∕2 or to your beneficiaries following your death, or you are disabled. Other exceptions may also apply.

Consult your tax advisor to see how these rules apply to you before you request a distribution from your plan or IRA.

These certificates may not be available for all types of retirement accounts.

YOUR TIN AND TAX WITHHOLDING

U.S. clients opening a certificate account (including a U.S. citizen, resident alien, and sometimes a U.S. entity) must provide a correct taxpayer identification number (TIN), which is generally your Social Security Number, Individual Taxpayer Identification Number, or Employer Identification Number. You must certify your TIN under penalties of perjury on your application when you open an account. U.S. taxpayers must provide the appropriate IRS Form for requesting tax withholding on your surrender from qualified accounts. Effective January 1, 2023, Form W-4R is required for requesting a specific withholding percentage on your one-time or recurring transactions. For details on Form W-4R requirements, please contact your financial advisor or your local Ameriprise Financial Services office. Failure to provide IRS Form W-4R results in an IRS mandated 10% withholding.

We may be required to apply backup withholding or FATCA withholding to your account if you do not provide and certify a correct TIN or if you failed to report interest on your tax return as required. You could also be subject to penalties.

If you are not a U.S. taxpayer, you must provide the appropriate IRS Form W-8 to certify your non-U.S. status. There are various Forms W-8 for different types of taxpayers. The most common Form W-8 is Form W-8BEN, Certificate of Foreign Status of Beneficial Owner for United States Tax Withholding and Reporting (Individuals).

For details on TIN and withholding requirements, for forms to certify your U.S. or non-U.S. status or to provide a specific withholding percentage, ask your financial advisor or contact your local Ameriprise Financial Services office. You

AMERIPRISE CERTIFICATES – PROSPECTUS – 2024

also may obtain Withholding Certificate for Nonperiodic Payments and Eligible Rollover Distributions Form W-4R, Form W-9, Request for Taxpayer Identification Number and Certification, and Forms W-8 on the internet at irs.gov.

AMERIPRISE CERTIFICATES – PROSPECTUS – 2024

How Your Money is Used and Protected

INVESTED AND GUARANTEED BY ACC

ACC, a wholly-owned subsidiary of Ameriprise Financial, issues Ameriprise Certificates. ACC is the largest issuer of face-amount certificates in the United States, with total assets of more than $14.2 billion and a net worth of approximately $689.4 million on December 31, 2023.

We back our certificates by investing the money received and keeping the invested assets on deposit. Our investments generate interest and dividends, out of which we pay:

•

interest to certificate owners; and

•

various expenses, including taxes, fees to Columbia Management Investment Advisers, LLC for advisory and other services, distribution fees to Ameriprise Financial Services, selling agent fees to selling agents, custody fees to Ameriprise Trust Company, and transfer agent fees to Columbia Management Investment Services Corp.

For a review of significant events relating to our business, see Item 7. Management’s Narrative Analysis in ACC’s Annual Report on Form 10-K for the year ended December 31, 2023. No national rating agency rates our certificates.

Most banks and thrifts offer investments known as CDs that are similar to our certificates in many ways. Early withdrawals of bank CDs often result in penalties. Banks and thrifts generally have federal deposit insurance (however Ameriprise Certificates are not FDIC insured) for their deposits and lend much of the money deposited to individuals, businesses and other enterprises. Other financial institutions and some insurance companies may offer investments with comparable combinations of safety and return on investment.

REGULATED BY GOVERNMENT

Because Ameriprise Certificates are securities, their offer and sale are subject to regulation under federal and state securities laws. Ameriprise Certificates are face-amount certificates. Each certificate is not a bank product, an equity investment, a form of life insurance or an investment trust.

The federal Investment Company Act of 1940 requires us to keep investments on deposit in a segregated custodial account. These investments back the value of all outstanding certificate accounts. Specifically, their amortized cost must exceed the required carrying value of the outstanding certificates by a prescribed amount. As of March 31, 2024, the amortized cost of these investments exceeded the required carrying value of our outstanding certificates by more than the prescribed amount. We are required to use amortized cost for these regulatory purposes. In general, amortized cost is determined by systematically increasing the carrying value of a security if acquired at a discount, or reducing the carrying value if acquired at a premium, so that the carrying value is equal to maturity value on the maturity date. The amortized cost of an investment may not be

AMERIPRISE CERTIFICATES – PROSPECTUS – 2024

equivalent to the market value of such investment. Therefore, if ACC sells investments it may receive less than amortized cost.

ACC has agreed with the SEC to maintain capital and surplus equal to 5% of outstanding liabilities on certificates (not including loans made on certificates in accordance with terms of some certificates that no longer are offered by ACC). ACC also has entered into a written understanding with the Minnesota Department of Commerce that ACC will maintain capital equal to 5% of the assets of ACC (less any loans on outstanding certificates). When computing its capital for these purposes, ACC values its assets on the basis of statutory accounting for insurance companies rather than generally accepted accounting principles. The statutory accounting rules are used pursuant to regulatory requirements and are used to calculate the required capital ratio. Generally accepted accounting principles are used to value all assets on ACC’s balance sheet.

BACKED BY OUR INVESTMENTS

The composition of the ACC portfolio at December 31, 2023 was as follows:

Type of investment	Net amount invested
Mortgage and other asset backed securities	62%
Corporate and other bonds	31%
Mortgage loans and other loans	1%
Cash and cash equivalents	6%

At December 31, 2023, 99.9% of our fixed maturity securities that are rated investment grade were rated by Moody’s Investors Service (Moody’s), Standard & Poor’s Ratings Services (S&P) or Fitch Ratings Ltd (Fitch). For additional information regarding securities ratings, please refer to Note 3 to ACC’s Annual Report on Form 10-K.

Most of our investments are on deposit with Ameriprise Trust Company, Minneapolis, or its subcustodian, although we also maintain separate deposits as required by certain states. Ameriprise Trust Company is a wholly-owned subsidiary of Ameriprise Financial. Copies of our December 31, 2023 Schedule of Investments in Securities of Unaffiliated Issuers are available upon request. For comments regarding the valuation, carrying values and unrealized appreciation (depreciation) of investment securities, see Notes 1, 2 and 3 to ACC’s Annual Report on Form 10-K.

INVESTMENT POLICIES

Columbia Management Investment Advisers, LLC serves as ACC’s investment adviser and invests the assets in ACC’s portfolio in accordance with ACC’s investment policy and applicable law. The following policies currently govern Columbia Management Investment Advisers, LLC’s investment decisions:

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Debt instruments

Most of our investments are in debt instruments as referenced in the table in “Backed by Our Investments” under “How Your Money is Used and Protected.” Debt instruments may include government obligations, mortgage and other asset-backed securities and bonds.

The prices of bonds generally fall as interest rates increase, and rise as interest rates decrease. In general, the longer the maturity or duration of a bond, the greater its sensitivity to changes in interest rates. The maturity of a bond is a measure of the time remaining until the final payment of the bond is due. Duration is a measure of a portfolio’s price sensitivity to changes in prevailing interest rates. The price of a bond also fluctuates if its credit rating is upgraded or downgraded. The prices of bonds below investment grade may react more to whether a company can pay interest and principal when due than to changes in interest rates. Below investment-grade bonds may experience greater price fluctuations than investment-grade bonds, and are more likely to experience a default, and sometimes are referred to as junk bonds. Under normal circumstances, at least 85% of the securities in ACC’s portfolio will be rated investment grade, or in the opinion of ACC’s investment adviser will be the equivalent of investment grade. Securities that are subsequently downgraded in quality may continue to be held by ACC and will be sold only when ACC’s investment adviser believes it is advantageous to do so.

At December 31, 2023, ACC held less than 1% of its investment portfolio in investments rated below investment grade.

Foreign investments

We may invest up to 10% of our assets in certain foreign securities as permitted by applicable Minnesota law. This excludes Canadian securities.

Asset-backed securities

As noted previously in the discussion of debt securities, ACC may invest in certain asset-backed arrangements so long as certain underwriting conditions are met. Asset-backed arrangements include collateralized obligations (such as pools of mortgage and other loan obligations), partnership interests, and other pooled investment vehicles.

Real estate

We may invest in real estate, either directly or indirectly through a subsidiary of ACC. We expect such equity investments in real estate will be less than 10% of ACC’s assets. We may also invest in mortgage loans secured by real estate, so long as certain underwriting conditions are met.

Purchasing securities on margin

We will not purchase any securities on margin or participate on a joint basis or a joint-and-several basis in any trading account in securities.

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Commodities

We have not and do not intend to purchase or sell commodities or commodity contracts except to the extent that transactions described in “Financial transactions including hedges” in this section may be considered commodity contracts.

Senior Securities

ACC may not issue senior securities, except as permitted under the Investment Company Act of 1940.

Underwriting

We do not intend to engage in the public distribution of securities issued by others. However, if we purchase unregistered securities and later resell them, we may be considered an underwriter (selling securities for others) under federal securities laws.

Borrowing money

From time to time we may establish a line of credit with banks if management believed borrowing was necessary or desirable. We may pledge some of our assets as security. We may occasionally use repurchase agreements as a way to gain additional liquidity. As generally used by ACC for liquidity purposes, such agreements are agreements under which we sell a security for a relatively short period of time subject to the obligation of a buyer to resell and us to repurchase such security at a specified time and price which includes an agreed upon interest rate.

Lending securities

Through our custodian and its lending agent we may lend some of our securities to broker-dealers and receive cash or certain securities equal to at least 100% of the market value of the securities as collateral. We may invest cash received as collateral in short-term securities or in a money market fund. If the market value of the loaned securities goes up, the borrower pays us additional cash. During the course of the loan, the borrower makes cash payments to us equal to all interest, dividends and other distributions paid on the loaned securities. We will try to vote these securities if a major event affecting our investment is under consideration. We expect that outstanding securities loans will not exceed 33 1∕3% of ACC’s assets.

When-issued securities

Some of our investments in debt securities and loans originated by banks or investment banks are purchased on a when-issued or similar basis. It may take as long as 45 days or more before these investments are available for sale, issued and delivered to us. We generally do not pay for these investments or start earning on them until delivery. We have established procedures to ensure that sufficient cash is available to meet when-issued commitments. ACC’s ability to invest in when-issued investments is not limited except by its ability to set aside

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cash or high quality investments to meet when-issued commitments. When-issued investments are subject to market fluctuations and they may affect ACC’s investment portfolio the same as owned securities.

Financial transactions including hedges

We buy or sell various types of options contracts for hedging purposes or as a trading technique to facilitate securities purchases or sales. We may buy interest rate caps for hedging purposes. These pay us a return if interest rates rise above a specified level. If interest rates do not rise above a specified level, the interest rate caps do not pay us a return. ACC may enter into other financial transactions, including futures and other derivatives, for the purpose of managing the interest rate exposures associated with ACC’s assets or liabilities. Derivatives are financial instruments whose performance is derived, at least in part, from the performance of an underlying asset, security or index. A small change in the value of the underlying asset, security or index may cause a sizable gain or loss in the fair value of the derivative. There is no limit on ACC’s ability to enter into financial transactions to manage the interest rate risk associated with ACC’s assets and liabilities, but ACC does not foresee a likelihood that it will be feasible to hedge most or all of its assets or liabilities.

ACC qualifies for an exclusion from the definition of a commodity pool under the Commodity Exchange Act (CEA) and has on file a notice of exclusion under the U.S. Commodity Futures Trading Commission (CFTC) Rule 4.5. Accordingly, ACC’s investment adviser is not subject to registration or regulation as a “commodity pool operator” under the CEA with respect to ACC, although the investment adviser is a registered “commodity pool operator” and “commodity trading advisor”. To remain eligible for the exclusion, ACC is limited in its ability to use certain financial instruments regulated under the CEA (“commodity interests”), including futures and options on futures and certain swaps transactions. In the event that ACC’s investments in commodity interests are not within the thresholds set forth in the exclusion, it may be required to register as a “commodity pool.”

Illiquid securities

A security is illiquid if it cannot be sold in the normal course of business within seven days at approximately its current market value. Some investments cannot be resold to the U.S. public because of their terms or government regulations. All securities, however, can be sold in private sales, and many may be sold to other institutions and qualified buyers or on foreign markets. ACC’s investment adviser will follow guidelines established by the board of directors and consider relevant factors such as the nature of the security and the number of likely buyers when determining whether a security is illiquid. No more than 15% of ACC’s investment portfolio will be held in securities that are illiquid. In valuing its investment portfolio to determine this 15% limit, ACC will use statutory accounting under an SEC order. This means that, for this purpose, the portfolio will be valued in accordance with applicable Minnesota law governing

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investments of life insurance companies, rather than generally accepted accounting principles.

Other restrictions

There are no restrictions on concentration of investments in any particular industry or group of industries or on rates of portfolio turnover. However, ACC adheres to concentration and other limits as set forth in applicable Minnesota law governing ACC’s investments.

General Information on Ameriprise Certificate Company and How it Operates

RELATIONSHIP BETWEEN ACC AND AMERIPRISE FINANCIAL, INC.

ACC was originally organized as Investors Syndicate of America, Inc., a Minnesota corporation, on October 15, 1940, and began business as an issuer of face amount investment certificates on January 1, 1941. The company became a Delaware corporation on October 28, 1977, changed its name to IDS Certificate Company on April 2, 1984, to American Express Certificate Company on April 26, 2000, and to Ameriprise Certificate Company on August 1, 2005.

ACC files reports on Forms 10-K and 10-Q with the SEC. The SEC maintains an internet site (sec.gov) that contains reports, proxy and information statements, and other information regarding issuers that file electronically with the SEC.

Before ACC was created, Ameriprise Financial (formerly known as American Express Financial Corporation and, before that, IDS Financial Corporation), our parent company, had issued similar certificates since 1894.

CAPITAL STRUCTURE

ACC authorized, issued and has outstanding 150,000 shares of common stock, par value of $10 per share. Ameriprise Financial owns all of the outstanding shares.

SERVICE PROVIDERS

In connection with ACC’s business of issuing and distributing certificates and managing the assets that back the certificates it utilizes a number of service providers. ACC has entered into agreements with several entities, all of which are affiliated with ACC, to provide asset management and administrative services, distribution, transfer agent services, and custody.

INVESTMENT MANAGEMENT AND SERVICES

Under the Investment Advisory and Services Agreement, Columbia Management Investment Advisers, LLC acts as our investment adviser and is responsible for:

•

providing investment research,

•

making specific investment recommendations, and

AMERIPRISE CERTIFICATES – PROSPECTUS – 2024

•

executing purchase and sale orders according to our policy of seeking to obtain the best price and execution.

All these activities are subject to direction and control by our board of directors and officers. Our agreement with Columbia Management Investment Advisers, LLC requires annual renewal by our board, including a majority of directors who are not interested persons of Columbia Management Investment Advisers, LLC, Ameriprise Financial or ACC as defined in the federal Investment Company Act of 1940.

For its services, ACC pays Columbia Management Investment Advisers, LLC a monthly fee, equal on an annual basis to a percentage of the net invested assets of ACC.

Net invested assets are determined using Generally Accepted Accounting Principles (GAAP) and are calculated as total assets less:

•

other assets (such as deferred tax assets, taxes receivable from parent, and other amounts due from related parties);

•

leveraged loans;

•

other receivables (such as state and local income taxes receivable);

•

payable for investment securities purchased (available-for-sale securities and derivatives);

•

derivative liabilities, at fair value; and

•

certificate loans.

Investment advisory and services fee rate

Included assets	Percentage of net invested assets
First $250 million	0.350%
Next $250 million	0.300%
Next $500 million	0.250%
Any amount over $1 billion	0.200%

The fee paid to Columbia Management Investment Advisers, LLC for managing and servicing syndicated loans, which are excluded from the computation of net invested assets above, is equal to 0.35% on an annual basis, computed each month on the basis of the loans’ amortized cost less the allowance for loan losses.

Investment advisory and services fee paid for the past three years

Year	Total fees
2023	$27,818,955
2022	$13,138,271
2021	$13,790,346

AMERIPRISE CERTIFICATES – PROSPECTUS – 2024

Other expenses payable by ACC: In addition to the investment management services described above, the Investment Advisory and Services Agreement also provides that ACC pays:

•

costs incurred by ACC in connection with the acquisition, management, servicing or disposition of real estate mortgages, real estate or property improvement loans;

•

taxes;

•

depository and custodian fees incurred by ACC;

•

brokerage commissions and charges in the purchase and sale of ACC’s assets;

•

fees and expenses for services not covered by other agreements and provided to ACC at our request, or by requirement, by attorneys, auditors, examiners and professional consultants who are not officers or employees of Columbia Management Investment Advisers, LLC (Columbia Management);

•

fees and expenses of ACC’s directors who are not officers or employees of Columbia Management or its affiliates;

•

provision for certificate reserves (interest accrued on certificate owner accounts);

•

expenses of customer settlements not attributable to sales functions;

•

transfer agency fees and expenses;

•

filing fees and charges incurred by ACC in connection with filing documents with the State of Minnesota or its political subdivisions;

•

organizational expenses paid by ACC; and

•

expenses properly payable by ACC, approved by the ACC board of directors.

Under the Administration and Services Agreement between Columbia Management Investment Advisers, LLC and Ameriprise Financial, Columbia Management Investment Advisers, LLC delegates certain administrative and investment support services to Ameriprise Financial.

DISTRIBUTION

Under the Distribution Agreement between ACC and Ameriprise Financial Services, Ameriprise Financial Services receives compensation for the distribution of Ameriprise certificates as follows:

For Ameriprise Cash Reserve Certificate:

•

0.02% of the initial payment on the issue date of the certificate, and

•

0.02% of the certificate’s reserve at the beginning of the second and subsequent quarters from issue date.

For Ameriprise Flexible Savings Certificate:

•

For all terms except 7 and 13 months, 0.04% of the initial investment amount on the first day of the certificate’s term;

AMERIPRISE CERTIFICATES – PROSPECTUS – 2024

•

For all terms except 7 and 13 months, 0.04% of the certificate’s reserve at the beginning of the second and subsequent quarters from issue date of the certificate or at the end of the renewal grace period when the renewal corresponds with the quarterly reserve payment;

•

For 7-month terms, 0.04% of the initial investment amount on the first day of the certificate’s term, 0.04% of the certificate’s reserve at the beginning of the second quarter from issue date of the certificate and 0.014% of the certificate’s reserve at the beginning of the last month of the certificate term; and

•

For 13-month terms, 0.04% of the initial investment amount on the first day of the certificate’s term, 0.04% of the certificate’s reserve at the beginning of the second, third and fourth quarters from issue date of the certificate and 0.014% of the certificate’s reserve at the beginning of the last month of the certificate term.

For Ameriprise Installment Certificate:

•

0.25% of all payments. This fee is paid on all payments received on or after issue of the certificate until the certificate’s maturity date.

The distribution fee is not assessed to your certificate account.

Total distribution fees paid to Ameriprise Financial Services for all series of certificates amounted to $18,500,512 during the year ended December 31, 2023.

In addition, ACC may pay distributors additional compensation for distribution activities under certain circumstances. From time to time, ACC may pay or permit other promotional incentives, in cash or credit or other compensation.

ACC’s products are sold in the United States through a network of financial advisors who are either employees of or affiliated with Ameriprise Financial Services. Ameriprise Financial Services pays commissions to its financial advisors, and pays other selling expenses in connection with services to ACC. The financial advisors sell a range of investment products, both proprietary and non-proprietary, including products that may compete with certificates offered by ACC. Differences in the compensation structure associated with the various products that the financial advisors sell tend to create conflicts between the interests of the financial advisors’ clients and the interests of the financial advisors themselves. These conflicts are mitigated by regulatory standards that govern the financial advisors’ sales practices and Ameriprise Financial Services’ oversight of those sales practices. ACC’s board of directors, including a majority of directors who are not interested persons of Ameriprise Financial Services or ACC, approved the Distribution Agreement.

TRANSFER AGENT

Under the Transfer Agency Agreement, Columbia Management Investment Services Corp., a wholly-owned subsidiary of Ameriprise Financial, maintains certificate owner accounts and records. ACC pays Columbia Management Investment Services Corp. a monthly fee of one-twelfth of $30.00 per certificate owner account for this service.

AMERIPRISE CERTIFICATES – PROSPECTUS – 2024

CUSTODIAN

Under the Custody Agreement, Ameriprise Trust Company, a wholly-owned subsidiary of Ameriprise Financial, holds ACC’s assets in custody for the benefit of ACC. ACC pays Ameriprise Trust Company fees based on the assets held in custody for ACC as well as per transaction charges for certain types of transactions and out-of-pocket expenses. The agreement authorizes Ameriprise Trust Company to enter into subcustodial arrangements with other banks. On Dec. 15, 2008, Ameriprise Trust Company entered into such subcustodial arrangements with JPMorgan Chase Bank, N.A.

DIRECTORS AND OFFICERS

The nomination and selection of the independent directors, directors who are not “interested persons” of ACC as defined in the Investment Company Act of 1940, is committed to the discretion of the incumbent independent directors. The full slate of directors is then submitted to ACC’s sole shareholder, Ameriprise Financial. The sole shareholder elects the board of directors that oversees ACC’s operations. The board annually elects the chairman and ACC’s executive officers for a term of one year.

We paid a total of $266,000 during 2023 to independent directors.

Experience and Qualifications

The following is a summary of the experience, qualifications, attributes and skills of each director that were among the criteria that led to the conclusion that each director should serve as a director in light of ACC’s business and structure. References to the experience, qualifications, attributes and skills of directors are pursuant to requirements of the SEC, and are not holding out the board or any director as having any special expertise and shall not impose any greater responsibility or liability on any director or on the board.

Independent Board Members

Name, address, age	Position held with ACC and length of service	Principal occupations during past ten years	Other directorships	Committee memberships
Karen M. Bohn* 5228 Ameriprise Financial Center H27/5228 Minneapolis, MN 55474 Born in 1953	Chair of the Board since 2009; Board member since 2001	President, Galeo Group LLC, a management consulting firm, since 1998; business consultant	Otter Tail Corporation, Riversource Life Insurance Company of New York	Audit

AMERIPRISE CERTIFICATES – PROSPECTUS – 2024

Name, address, age	Position held with ACC and length of service	Principal occupations during past ten years	Other directorships	Committee memberships
Lorna P. Gleason 5228 Ameriprise Financial Center H27/5228 Minneapolis, MN 55474 Born in 1956	Board member since 2011	President, Financial Assets Advisors, LLC, a consulting firm, since 2010; Senior Vice President, UMB 2010 – 2021; Vice President and Senior Vice President, Wells Fargo, 2008 – 2010; Senior Managing Director, GMAC Health Capital, 2000-2007	Heritage Campus Group (Chair of the Board)	Audit
Ronald L. Guzior* 5228 Ameriprise Financial Center H27/5228 Minneapolis, MN 55474 Born in 1962	Board member since 2021	Partner, BST & Co. CPAs, LLP, since 1998	RiverSource Life Insurance Company of New York	Audit
Robert McReavy 5228 Ameriprise Financial Center H27/5228 Minneapolis, MN 55474 Born in 1959	Board member since 2012	COO, CFO and General Counsel, Jeffrey Slocum & Associates 2007 – 2017	None	Audit

Ms. Bohn and Mr. Guzior serve as directors of RiverSource Life Insurance Company of New York. RiverSource Life Insurance Company of New York is indirectly controlled by Ameriprise Financial or its affiliates.

Board Member Affiliated with Ameriprise Certificate Company**

Name, address, age	Position held with ACC and length of service	Principal occupations during past ten years	Other directorships	Committee memberships
Abu M. Arif One World Trade Center 78th Floor New York, NY 10007 Born in 1967	Board member since 2013; President and Chief Executive Officer since August 2012	President, Ameriprise Bank, FSB (formerly Ameriprise National Trust Bank) since September 1, 2018; Executive Vice President and General Manager AWM Banking & Cash Solutions since January 1, 2013; Senior Vice President and General Manager AWM Cash & Payment Solutions, Ameriprise Bank FSB 2007 – 2012	Ameriprise Bank, FSB; Creating Healthier Communities (non- profit healthcare organization) since 2019	None

Interested person by reason of being an officer, director and/or employee of Ameriprise Financial or its affiliates.

AMERIPRISE CERTIFICATES – PROSPECTUS – 2024

Each director also has familiarity with ACC, its investment adviser and service providers, as well as the regulatory requirements governing face-amount certificate companies and the responsibilities of investment company directors.

Board Structure

ACC’s board of directors manages the business affairs of ACC. The directors establish policies and review and approve contracts and their continuance. The directors regularly request and/or receive reports from the investment adviser, ACC’s other service providers and ACC’s Chief Compliance Officer (“CCO”). The board is comprised of five directors, four of whom (including the chairman) are independent directors. The board has established an audit committee comprised of all four independent directors. The Audit Committee is responsible for monitoring ACC’s accounting policies, financial reporting and internal control system, monitoring the work of ACC’s independent accountants and providing an open avenue of communication among the independent accountants, the internal audit department of Ameriprise Financial, Inc., ACC’s management and the board. ACC’s day-to-day operations are managed by the investment adviser and other service providers. The board and the Audit Committee meet periodically throughout the year to review ACC’s activities, including, among others, valuation matters and compliance with regulatory requirements, and to review contractual arrangements with service providers. The board has determined that ACC’s leadership structure is appropriate given the number of certificates and the size and nature of ACC.

Risk Oversight

Consistent with its responsibility for oversight of ACC, the board, among other things, oversees risk management of ACC’s investment program and business affairs directly and through the committee structure that it has established. The board has appointed Ameriprise Financial’s Financial Risk Management Committee (“FRMC”) as the investment committee of ACC. FRMC is comprised of senior business managers and holds regularly scheduled meetings to review models projecting various interest rate scenarios and risk/return measures and their effect on various portfolios managed by the investment adviser, including that of ACC. FRMC’s objectives are to structure ACC’s portfolio of investment securities based upon the type and behavior of the certificates in the certificate reserve liabilities, to achieve targeted levels of profitability within defined risk parameters and to meet certificate contractual obligations. Risks to ACC include, among others, investment risk, credit risk, liquidity risk, valuation risk and operational risk, as well as the overall business risk relating to ACC. The board has adopted, and periodically reviews, policies and procedures designed to address these risks. Under the overall supervision of the board, the investment adviser and other service providers also have implemented a variety of processes, procedures and controls to address these risks. Different processes, procedures and controls are employed with respect to different types of risks. These

AMERIPRISE CERTIFICATES – PROSPECTUS – 2024

processes include those that are embedded in the conduct of regular business by the board and in the responsibilities of officers of ACC and other service providers.

The board requires senior officers of ACC, including the President and CCO, to report to the full board on a variety of matters at regular and special meetings of the board and the Audit Committee, as applicable, including matters relating to risk management. The Ameriprise Risk & Control Services Department also reports regularly to the Audit Committee on ACC’s internal controls and accounting and financial reporting policies and practices, and Columbia Management Investment Advisers, LLC as ACC's valuation designee reports quarterly to the Audit Committee on the valuation of ACC's assets. The Audit Committee also receives reports from ACC’s independent registered public accounting firm on financial reporting matters. On at least a quarterly basis, the board meets with ACC’s CCO to discuss issues related to portfolio compliance and, on at least an annual basis, receives a report from the CCO regarding the effectiveness of ACC’s compliance program. In addition, the board receives reports from the investment adviser on the investments and securities trading of ACC, as well as reports on reserve levels. The board also receives reports from ACC’s primary service providers on a periodic or regular basis, including the investment adviser as well as ACC’s custodian, distributor and transfer agent.

Compensation of Board Members

Total compensation. The following table shows the total compensation paid to independent directors for their services from ACC during 2023:

Independent Directors	Total Cash Compensation
Karen M. Bohn	$82,000
Lorna P. Gleason	$58,000
Ronald L. Guzior	$58,000
Robert McReavy	$68,000

Interested Director	Total Cash Compensation
Abu M. Arif	$0.00

For service in 2023, the independent directors received an annual retainer of $40,000 for service on the board, with an additional $10,000 for service as Chair of the Audit Committee and $24,000 for service as Chair of the board. Each independent director also receives a fee of $3,000 for attendance at each board meeting and $1,500 for attendance at each audit committee meeting. The independent directors are reimbursed for any out-of-pocket expenses relating to attendance at such meetings.

AMERIPRISE CERTIFICATES – PROSPECTUS – 2024

Executive Officers

In addition to Mr. Arif, who is President, the other officers of ACC are:

Name, address, age	Position held with ACC and length of service	Principal occupations during past five years	Other directorships	Committee memberships
James R. Hill 50642 Ameriprise Financial Center Minneapolis, MN 55474 Born in 1966	Vice President and Chief Financial Officer since November 2021	Vice President, Advice & Wealth Management LFO since 2017; Director, AWM LFO 2014 – 2017	None	None
Brian Granger 50642 Ameriprise Financial Center Minneapolis, MN 55474 Born in 1962	Vice President, Controller and Chief Accounting Officer since May 2021	Business Unit Controller/ Senior Director of Regulatory Reporting since September 2020; Director of Technical Accounting, August 2015 – September 2020	Director and President - Saint 4 Life Foundation (non-profit hockey alumni corporation)	None
Megan E. Garcy 71 S. Wacker Drive Suite 2500 Chicago, IL 60606 Born in 1985	Vice President, General Counsel and Secretary since September 2018 (previously Assistant Secretary, November 2014- September 2018)	Vice President and Group Counsel – Asset Management since August 2022 (previously, Senior Counsel – Asset Management, March 2020 – August 2022 and Counsel – Asset Management, August 2015 – March 2020); Assistant Secretary of Columbia Funds since 2016	None	None
Sony Malhotra 1041 Ameriprise Financial Center Minneapolis, MN 55474 Born in 1974	Chief Operating Officer since June 2019	Vice President & Officer, American Enterprise Investment Services, Inc. since August 2017 (previously Vice President of Service, June 2011 – August 2017); Chief Operating Officer, Ameriprise Bank, FSB, since May 2019	None	None
Dana L. DeMets- Meader 20661 Ameriprise Financial Center Minneapolis, MN 55474 Born in 1963	Chief Compliance Officer since September 2020	Vice President, Asset Management Compliance, Ameriprise Financial, Inc. since 2017; Chief Compliance Officer, Columbia Management Investment Services Corp. since 2016	None	None

AMERIPRISE CERTIFICATES – PROSPECTUS – 2024

The officers and directors as a group beneficially own less than 1% of the common stock of Ameriprise Financial.

ACC has provisions in its bylaws relating to the indemnification of its officers and directors against liability, as permitted by law. Insofar as indemnification for liabilities arising under the Securities Act of 1933 (the 1933 Act) may be permitted to directors, officers and controlling persons of the registrant pursuant to the foregoing provisions, or otherwise, the registrant has been advised that in the opinion of the Securities and Exchange Commission such indemnification is against public policy as expressed in the 1933 Act and is, therefore, unenforceable. In the event that a claim for indemnification against such liabilities (other than the payment by the registrant of expenses incurred or paid by a director, officer or controlling person of the registrant in the successful defense of any action, suit or proceeding) is asserted by such director, officer or controlling person in connection with the securities being registered, the registrant will, unless in the opinion of its counsel the matter has been settled by controlling precedent, submit to a court of appropriate jurisdiction the question whether such indemnification by it is against public policy as expressed in the 1933 Act and will be governed by the final adjudication of such issue.

INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

The financial statements and schedules incorporated in this Prospectus by reference to the Annual Report on Form 10-K for the year ended December 31, 2023, have been audited by PricewaterhouseCoopers LLP, an independent registered public accounting firm, as stated in their report incorporated herein.

AMERIPRISE CERTIFICATES – PROSPECTUS – 2024

Additional Information

INCORPORATION OF CERTAIN DOCUMENTS BY REFERENCE

To the extent and only to the extent that any statement in a document incorporated by reference into this prospectus is modified or superseded by a statement in this prospectus or in a later-filed document, such statement is hereby deemed so modified or superseded and not part of this prospectus. The Annual Report on Form 10-K for the year ended December 31, 2023 previously filed by ACC with the SEC under the Securities Exchange Act of 1934 is incorporated by reference into this prospectus.

ACC will furnish you without charge a copy of any or all of the documents incorporated by reference into this prospectus, including any exhibits to such documents which have been specifically incorporated by reference. We will do so upon receipt of your request. You can contact us at the address listed on the back cover. Also you can access this document at https://www.ameriprise.com/binaries/content/assets/ampcom/amp_6000.pdf

AVAILABLE INFORMATION

This prospectus is part of a registration statement we file with the SEC. Additional information on ACC and Ameriprise certificates is available in the registration statement and other materials we file. The SEC maintains an internet site that contains reports, proxy and information statements and other information regarding issuers that file electronically with the SEC. In addition to this prospectus, information incorporated by reference is available on the EDGAR Database on the SEC’s internet site at sec.gov.

AMERIPRISE CERTIFICATES – PROSPECTUS – 2024

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Quick telephone reference

(800) 862-7919

Ameriprise Financial

Account value, cash transaction information, current rate

information, withdrawals, transfers, inquiries (automated

response for Touchtone® phones only)

Ameriprise Certificate Company
70100 Ameriprise Financial Center
Minneapolis, MN 55474

Website address:
ameriprise.com

Distributed by
Ameriprise Financial Services, LLC

Investment Company Act File #811-00002S-6000 AX (4/24)

PART II. INFORMATION NOT REQUIRED IN PROSPECTUS

Item
Number

Item 13. Other Expenses of Issuance and Distribution.

The expenses in connection with the issuance and distribution of the securities being registered are to be borne by the registrant.

Item 14. Indemnification of Directors and Officers.

The By-Laws of Ameriprise Certificate Company provide that it shall indemnify any person who was or is a party or is threatened to be made a party, by reason of the fact that he was or is a director, officer, employee or agent of the company, or was or is serving at the direction of the company, or any predecessor corporation as a director, officer, employee or agent of another corporation, partnership, joint venture, trust or other enterprise, to any threatened, pending or completed action, suit or proceeding, wherever brought, to the fullest extent permitted by the laws of the state of Delaware, as now existing or hereafter amended.

The By-Laws further provide that indemnification questions applicable to a corporation which has been merged into the company relating to causes of action arising prior to the date of such merger shall be governed exclusively by the applicable laws of the state of incorporation and by the by-laws of such merged corporation then in effect. See also Item 17.

Item 15. Recent Sales of Unregistered Securities.

N/A

Item 16. Exhibits and Financial Statement Schedules.

(a)

Exhibits

The information required by this Item is set forth in the Index of Exhibits that precedes the signature page of this Post-Effective Amendment.

(b)

The financial schedules for Ameriprise Certificate Company filed electronically on February 22, 2024 with Ameriprise Certificate Company’s 2023 annual report filed on Form 10-K are incorporated by reference.

Item 17. Undertakings.

Without limiting or restricting any liability on the part of the other, Ameriprise Financial Services, Inc., as underwriter, will assume any actionable civil liability which may arise under the Federal Securities Act of 1933, the Federal Securities Exchange Act of 1934 or the Federal Investment Company Act of 1940, in addition to any such liability arising at law or in equity, out of any untrue statement of a material fact made by its agents in the due course of their business in selling or offering for sale, or soliciting applications for, securities issued by the Company or any omission on the part of its agents to state a material fact necessary in order to make the statements so made, in the light of the circumstances in which they were made, not misleading (no such untrue statements or omissions, however, being admitted or contemplated), but such liability shall be subject to the conditions and limitations described in said Acts. Ameriprise Financial Services, Inc. will also assume any liability of the Company for any amount or amounts which the Company legally may be compelled to pay to any purchaser under said Acts because of any untrue statements of a material fact, or any omission to state a material fact, on the part of the agents of Ameriprise Financial Services, Inc. to the extent of any actual loss to, or expense of, the Company in connection therewith. The By-Laws of the Registrant contain a provision relating to Indemnification of Officers and Directors as permitted by applicable law.

SIGNATURES

Pursuant to the requirements of the Securities Act of 1933, the Registrant has duly caused this Amendment to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of Minneapolis, State of Minnesota, on April 19, 2024.

AMERIPRISE CERTIFICATE COMPANY
By:	/s/ Abu M. Arif
	Abu M. Arif
	President

Pursuant to the requirements of the Securities Act of 1933, this amendment has been signed below by the following persons in the capacities indicated on April 19, 2024.

Signature	Title
/s/ Abu M. Arif Abu M. Arif	President and Director (Principal Executive Officer)
/s/ James R. Hill James R. Hill	Vice President and Chief Financial Officer (Principal Financial Officer)
/s/ Brian Granger Brian Granger	Vice President, Controller and Chief Accounting Officer (Principal Accounting Officer)
/s/ Karen M. Bohn* Karen M. Bohn	Director
/s/ Lorna P. Gleason* Lorna P. Gleason	Director
/s/ Ronald. L. Guzior* Ronald L. Guzior	Director
/s/ Robert McReavy* Robert McReavy	Director
By: /s/Megan E. Garcy Megan E. Garcy*

Executed by Megan E. Garcy pursuant to a Directors' Power of Attorney, dated November 15, 2023, filed electronically herewith as Exhibit 24(a) to Registrant's Post-Effective Amendment No. 53.

Exhibit Index

Exhibit Number	Exhibit Description	Form	File No.	Registrant	Post-Effective Amendment NO.	Incorporated by reference Exhibit	Filing Date	Filed Herewith
1(a)	Distribution Agreement, dated December 31, 2006, between Ameriprise Certificate Company and Ameriprise Financial Services, Inc.	S-1	2-95577	Ameriprise Flexible Savings Certificate	35	1	2/26/2007
1(b)	Amendment to the Distribution Agreement, dated January 21, 2021, between Registrant and Ameriprise Financial Services, LLC, effective February 1, 2021.	10-K	811-00002	Ameriprise Certificate Company	N/A	10(c)	2/24/2021
2	Not Applicable
3(a)	Amended and Restated Certificate of Incorporation of American Express Certificate Company (now known as Ameriprise Certificate Company), dated August 1, 2005	10-K	811-00002	Ameriprise Certificate Company	N/A	3(a)	3/10/2006
3(b)	By-Laws of Ameriprise Certificate Company	10-Q	811-00002	Ameriprise Certificate Company	N/A	3(b)	11/5/2010
4	Not applicable
5	An opinion and consent of counsel as to the legality of the securities being registered	S-1	2-76193	Ameriprise Installment Certificate	46	5	4/20/2018
6 through 9	Not Applicable

Exhibit Number	Exhibit Description	Form	File No.	Registrant	Post-Effective Amendment NO.	Incorporated by reference Exhibit	Filing Date	Filed Herewith
10(a)	Amended and Restated Investment Advisory and Services Agreement, dated December 1, 2018, between Ameriprise Certificate Company and Columbia Management Investment Advisers, LLC	10-K	811-00002	Ameriprise Certificate Company	N/A	10(a)	2/27/2019
10(b)	Administration and Services Agreement, dated October 1, 2005, between RiverSource Investments, LLC, now known as Columbia Management Investment Advisers, LLC, and Ameriprise Financial, Inc.		811-00002	Ameriprise Certificate Company	N/A	10(s)	3/10/2006
10(c)	Depositary and Custodial Agreement, dated December 31, 2006, between ACC and Ameriprise Trust Company	S-1	2-95577	Ameriprise Flexible Savings Certificate	35	10(c)	2/26/2007
10(c)(i)	Amendment, dated December 15, 2008, to the Depositary and Custodial Agreement, dated December 31, 2006, between Ameriprise Certificate Company and Ameriprise Trust Company	S-1	2-95577	Ameriprise Flexible Savings Certificate	45	10(c)(i)	4/25/2014

Exhibit Number	Exhibit Description	Form	File No.	Registrant	Post-Effective Amendment NO.	Incorporated by reference Exhibit	Filing Date	Filed Herewith
10(d)	Transfer Agent Agreement, dated December 31, 2006 between Ameriprise Certificate Company and RiverSource Service Corporation, now known as Columbia Management Investment Services Corp.	S-1	2-95577	Ameriprise Flexible Savings Certificate	35	10(e)	2/26/2007
10(d)(i)	First Amendment to Transfer Agent Agreement, dated January 1, 2013	10-K	811-00002	Ameriprise Certificate Company	N/A	10(d)	2/27/2013
10(d)(ii)	Second Amendment to Transfer Agent Agreement, dated January 1, 2017	10-K	811-00002	Ameriprise Certificate Company	N/A	10(d)	2/23/2017
10(e)	Capital Support Agreement by and between Ameriprise Financial, Inc. and Ameriprise Certificate Company, dated March 2, 2009	10-K	811-00002	Ameriprise Certificate Company	N/A	10(f)	3/2/2009
10(e)(i)	First Amendment, dated April 30, 2014, to the Capital Support Agreement by and between Ameriprise Financial, Inc. and Ameriprise Certificate Company, dated as of March 2, 2009	S-1	2-68296	Ameriprise Cash Reserve Certificate	41	10(f)(i)	4/30/2014
10(f)(i)	Federal Income Tax Sharing Agreement between or among Ameriprise Financial, Inc. and certain subsidiaries, including the Registrant, effective December 10, 2013	10-K	811-00002	Ameriprise Certificate Company	N/A	10(l)	2/23/2018

Exhibit Number	Exhibit Description	Form	File No.	Registrant	Post-Effective Amendment NO.	Incorporated by reference Exhibit	Filing Date	Filed Herewith
10(f)(ii)	Amendment to the Federal Income Tax Sharing Agreement between or among Ameriprise Financial, Inc. and certain subsidiaries, including the Registrant, effective October 9, 2020	10-K	811-00002	Ameriprise Certificate Company	N/A	10(p)	2/24/2021
10(g)	State Income Tax Sharing Agreement between or among Ameriprise Financial, Inc. and certain subsidiaries, including the Registrant, effective December 10, 2013	10-K	811-00002	Ameriprise Certificate Company	N/A	10(m)	2/23/2018
10(h)	Agreement between Ameriprise Bank, FSB and Ameriprise Certificate Company (certain Ameriprise Rewards Fulfillment Services), dated December 1, 2022	10-K	811-00002	Ameriprise Certificate Company	N/A	10(n)	2/23/2023
10(i)	Agreement between Ameriprise Financial, Inc. and Ameriprise Certificate Company (certain legacy Ameriprise Rewards Fulfillment Services), dated December 1, 2019	10-K	811-00002	Ameriprise Certificate Company	N/A	10(o)	2/26/2020
11 through 13	Not Applicable
14(a)	Code of Ethics under Rule 17j-1 for Ameriprise Certificate Company effective May 21, 2014	10-K	811-00002	Ameriprise Certificate Company	N/A	14(a)	2/27/2019

Exhibit Number	Exhibit Description	Form	File No.	Registrant	Post-Effective Amendment NO.	Incorporated by reference Exhibit	Filing Date	Filed Herewith
14(b)	Code of Ethics adopted under Rule 17j-1 for Ameriprise Certificate Company’s investment adviser, effective December 2023	10-K	811-00002	Ameriprise Certificate Company	N/A	14(b)	2/22/2024
14(c)	Code of Ethics under Rule 17j-1 for Ameriprise Certificate Company’s underwriter as revised January 1, 2024	10-K	811-00002	Ameriprise Certificate Company	N/A	14(c)	2/22/2024
15 through 22	None
23	Consent of Independent Registered Public Accounting Firm (PricewaterhouseCoopers LLP)	S-1	2-76193	Ameriprise Installment Certificate	53	N/A	4/19/2024	*
24(a)	Directors' Power of Attorney, dated November 15, 2023	S-1	2-76193	Ameriprise Installment Certificate	53	N/A	4/19/2024	*
24(b)	Power of Attorney for Abu Arif, dated November 15, 2023	S-1	2-76193	Ameriprise Installment Certificate	53	N/A	4/19/2024	*
25 through 27	None

Ameriprise Certificate POS AMProspectus update (post-effective amendment)