[Targeted] American Express $100-$250 Savings Account Bonus

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Offer at a glance

  • Max Bonus Amount: $250
  • Direct Deposit Required: No
  • Additional Requirements: $10,000/$25,000 deposit
  • Hard/Soft Pull: Unknown
  • Credit Card Funding: Unknown
  • Monthly Fees: None
  • Availability: Nationwide, targeted offer
  • Expiration Date: fund by May 16, 2021
  • Insured: FDIC

The Offer

No direct link, check email for Subject: <your name>, enjoy up to $250 on us

  • American Express is offering some cardholders a bonus for opening a new American Express Savings Account and depositing funds by May 16, 2021 and holding the funds for 90 days:
    • Earn $100 cash bonus when you deposit $10,000+.
    • OR
    • Earn $250 cash bonus when you deposit $25,000+

The Fine Print

  • 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. In the event multiple accounts are opened, the High Yield Savings Account with the highest balance will be eligible.
  • A cash bonus amount of $100 will be credited to your account after you, as the primary account holder, deposit a total of $10,000-$24,999 (not transferred from an existing American Express Savings account) into your new American Express High Yield Savings Account by 11:59pm EDT on May 16, 2021. Funds must be posted to the account by deadline. OR A cash bonus amount of $250 will be credited to your account after you, as the primary account holder, deposit a total of $25,000 or more of new money (not transferred from an existing American Express Savings account) into your new American Express High Yield Savings Account by 11:59pm EDT on May 16, 2021. Funds must be posted to the account by deadline.
  • We refer to the $10,000-24,999 level and the $25,000 or more levels as the “Threshold Amounts” necessary to receive the applicable cash bonus amount. 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. 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, as described below.
  • NOTE: 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.
  • We may not credit the cash bonus, we may freeze a cash bonus that has already been credited, or we may take away the cash bonus, if we determine in our sole discretion that you have engaged in abuse, misuse, or gaming in connection with the offer in any way. We may also cancel this account and other accounts you may have with us if we determine gaming behavior has been shown. In addition, because we need your account to be open in order for us to credit your cash bonus, we may not issue the bonus if you close your High Yield Savings Account within 12 weeks after the 90-day hold period has ended. Your balance may decline, but the account must remain open.

Our Verdict

Good deal for those targeted. I like these types of straightforward bank bonuses the best, though obviously only works if you have the cash to spare for 90 days.

Hat tip to reader Ericnj, Evan, and Daniel

Useful posts regarding bank bonuses:





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