American Express Savings, Get 25K Points with $25K Deposit [Targeted]

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American Express Savings, Get 25K Points with $25K Deposit

American Express has sent out email with an offer that can earn you a bonus of 25,000 Membership Rewards points for opening a new savings account. The offer seems to target those who have a Platinum Card. Subject of email is “Starting to look ahead? We are here to help with an exclusive offer”. Let’s check the details.

The Offer

Earn 25,000 Membership Rewards points when you deposit $25,000 or more into an American Express Savings Account by July 18, 2020 and hold for 90 days. The American Express High-Yield Savings Account earns 1.15% APY. The account has no monthly fees, but looks like you need to keep it open for 12 months.

The offer was sent out by email. The link included in the email brings you to a generic page that doesn’t mention the bonus, so you must have received the email directly to qualify.

Key Terms

  • Offer not available to non-American Express customers or to American Express customers who did not receive this email from American Express directly.
  • 25,000 Membership Rewards points will be credited to your account within 8-12 weeks after you, as the primary account holder, deposit a total of $25,000 (the “Threshold Amount”) or more of new money (not transferred from an existing Personal Savings account) into your American Express Personal Savings account by July 18, 2020 and hold those funds in your account through October 16, 2020.
  • Our obligation to credit your account is also contingent on you not engaging in abuse, misuse, or gaming in connection with this offer in any way (For example, if you cancel your Personal Savings account within 12 months after acquiring it; or cancel or downgrade your card account within 12 months).
  • The value of the bonus may be taxable income to you and may be reported on IRS Form 1099. You are responsible for any federal or state taxes resulting from the bonus. Please consult your tax advisor if you have questions about the tax treatment of the bonus.


A good bonus for those who received an offer directly by email. The account earns 1.15% APY and with this offer you get 25,000 Membership Rewards points for keeping $25K in there for three months. However, the fine print says that you need to keep the account open for 12 months and you can’t cancel or downgrade your card account within 12 months. The account requirement is not an issue since there’s no fees, but for Amex Platinum cardholders that might mean another $550 if you weren’t planning on renewing.

Based in NYC. Points/miles enthusiast for years and actively writing about it for the last two years at Danny the Deal Guru. I'm always looking out for deals. Making a few bucks is always nice, but the traveling is by far the best part of this business.

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Responses are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered.


  1. ” the fine print says that you need to keep the account open for 12 months ”
    do you have to keep the $25k in the account the whole time? Can I leave like $1k after 3 months?


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