Amex Offering Select Cardholders $200 Bonus for Savings Account

Amex Offering $200 Bonus for Savings Account

American Express is targeting some existing credit cardholders with an offer to earn a $200 bonus. To get this bonus you need to open a new American Express High Yield Savings account and deposit $25,000. Let’s take a look at the details.

The Offer

Earn a $200 Cash Bonus when you deposit $25,000 or more into a new American Express High Yield Savings Account. This is the link to the Amex Savings account, but there is no bonus listed on the site.

The offer is available to email recipients who don’t have an existing Savings account. Funds must be deposited by March 7, 2022 and held for 90 days.

Key Terms

• Offer is not available to:
  • non-American Express Card Members
  • American Express Card Members who did not receive this email from American Express directly, or
  • American Express Card Members who have been named as a primary or joint holder on an active American Express High Yield Savings Account as of the date on which the email was sent (2/15/2022).
• High Yield Savings Accounts that were active prior to the date on which this email was sent by American Express are not eligible for this offer.
• You can reach the Threshold Amount through one or more deposits, provided that the total Threshold Amount is reached and posted to your account by 11:59pm ET on March 7, 2022.
• Funds must be held in the account during the 90-day period that begins on March 8, 2022 and ends on June 5, 2022, 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 will no longer be eligible for the promotion.

Conclusion

You must have received an email from American Express to be eligible for this $200 bonus.

This is a good offer if you have the $25,000 required for the bonus. You must deposit the money into a new American Express High Yield Savings Account and keep it there for three months. That works out to a 3.20% APY, which is much better than other banks. Plus the account earns 0.50% APY.

Disclosure: Miles to Memories has partnered with CardRatings for our coverage of credit card products. Miles to Memories and CardRatings may receive a commission from card issuers.

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