Amex Savings Account $250 Bonus
American Express is sending out emails to select customers with an offer that can earn you a bonus of up to $250 for opening a new savings account. The email is titled “<Name>, enjoy up to $250 on us”. Let’s see how this offer works.
The 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 you receive is based on the amount you deposit:
- Earn $100 cash bonus when you deposit $10,000 to $24,999, OR
- Earn $250 cash bonus when you deposit $25,000+
Key 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.
Conclusion
This is a good offer and definitely worth doing 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. That’s in addition to the 0.40% that the account already earns.
Let us know if you are targeted for this offer.
HT: Doctor of Credit
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I got this offer. So I’m wondering…if I try to ACH 25K at one time from another account, I wonder if it would trigger any fraud alerts or cause anything to get shut down?
I’ve used ACH transfers to fund Citi, Chase, and CapOne bank offers in 2020 without issue.
I got one in the regular mail offering the .4% savings account, but no bonus
Same, I also received an email but no bonus.