Replace 2/9/24: A brand new spherical went out to lots of people, this time for a decrease $300 bonus. Identical $25k requirement.

Provide at a look

• Most bonus quantity: $350
• Availability: Nationwide however focused
• Deposit required: $25,000 for 90 days
• Exhausting/tender pull: Tender pull AFAIK, however not confirmed
• ChexSystems: Unknown
• Bank card funding: None
• Month-to-month charges: None
• Early account termination payment: None talked about
• Family restrict: None listed
• Present Price: 1.75% 3.30% APY
• Expiration date: October 8, 2022

The Provide

Focused provide despatched out by way of e-mail (topic line ‘<identify>, earn a $350 bonus with Amex Financial savings’)

• American Categorical is providing some cardholders a suggestion to open a brand new American Categorical Financial savings account and get a $350 bonus if you deposit at the least $25,000 by O‌ctober 8, 2022 and maintain the fund by way of January 6, 2023.

The Fantastic Print

• This provide is just out there to clients new to American Categorical Financial savings. This Provide just isn’t out there to (i) non-American Categorical Card Members, (ii) American Categorical Card Members who didn’t obtain this e mail from American Categorical straight, or (iii) American Categorical Card Members who’ve been named as a major or joint holder on an lively American Categorical Financial savings Account (Excessive Yield Financial savings, CD or IRA).
• You, because the direct recipient of this e mail can solely be eligible for 1 provide. The brand new Excessive Yield Financial savings Account have to be opened utilizing the e-mail handle that straight obtained this e mail, and the recipient of this e mail have to be named as the first holder when opening the brand new account. Within the occasion that a couple of particular person shares the e-mail handle to which this e mail was delivered, the person named within the physique of the e-mail shall be handled because the recipient eligible for this provide. Within the occasion a number of accounts are opened by the eligible recipient, the Excessive Yield Financial savings Account with the best steadiness shall be eligible.
• A money bonus quantity of $350 shall be credited to your new account after you, as the first account holder, deposit a complete of $25,000 or extra of recent cash (not transferred from an present American Categorical Financial savings, checking or debit account) into a brand new American Categorical Excessive Yield Financial savings Account by 11:59pm ET on O‌ctober 8, 2022. A “new” account for this objective is an account that’s opened on or after the date on which this e mail was despatched by American Categorical. Excessive Yield Financial savings Accounts that have been lively previous to the date on which this e mail was despatched by American Categorical usually are not eligible for this provide.
• On the time the bonus is credited, your account have to be open, in good standing and never restricted to qualify. Your steadiness could decline after the 90-day holding interval, however the account should stay open and in good standing.
• All financial institution bonuses are taxable and also you’ll obtain a 1099 from American Categorical for this

Avoiding Charges

Month-to-month Charges

This account has no month-to-month charges to fret about

Early Account Termination Payment

No early termination payment is talked about.

Our Verdict

This appears to have been despatched out to lots of people, however it’s focused and never everybody obtained it. We’ve seen related gives earlier than from Amex, and this one is best than prior gives. Given Amex already gives a good rate of interest, the added  $350 on prime makes this a pleasant deal.

Replace Historical past:

• Replace 2/1/23: One other spherical of this $350 bonus went out at this time. Funds have to be deposited by M‌arch 3, 20‌23 and held by way of M‌ay 2, 20‌23. (ht San & ESIS)