Amex Savings Account Bonus
Check your emails for an offer from American Express that can earn you a bonus of up to $250 for opening a new savings account. Subject of email is <Name>, enjoy up to $250 on us”.
Offer
Earn more with this exclusive offer for our cardmembers. To get the bonus you need to:
- Open a new American Express Savings Account
- Deposit funds by May 16, 2021
- Hold the funds in the account for at least 90 days
The bonus comes in two tiers, based on the amount of money that you deposit:
- Earn $100 cash bonus when you deposit $10,000 to $24,999, OR
- Earn $250 cash bonus when you deposit $25,000+
Offer Terms
- Offer not available to non-American Express Card Members or to American Express Card Members who did not receive this email from American Express directly.
- Recipient of this email can only be eligible for 1 offer. High Yield Savings Account must be opened under the email address that received this email.
- You can reach the Threshold Amounts through one or more deposits, provided that the total Threshold Amount is reached by 11:59pm EDT on May 16, 2021.
- Funds must be held in the account from May 17, 2021 through August 14, 2021, after which the bonus will be credited to your account within 8-12 weeks.
- If funds in the account drop below the Threshold Amount at any point during the 90-day period, the account is no longer eligible for the promotion.
Guru’s Wrap-up
This is a good offer for those who are targeted. You can get a bonus of $250 if you deposit $25,000. It works out to 4% interest for those 90 days that you are required to keep the money in the account. The American Express High-Yield Savings Account earns a 0.40% APY, making it a total of 4.4% interest for those three months. The account has no monthly fees.
Let me know if you are targeted for this offer.
If this bonus is not for you, then you can check our full list of available bank bonuses. And, if you’re new to bank account bonuses, you can learn more about churning bank accounts here.
HT: DoC
