[Targeted] American Categorical Excessive Yield Financial savings Account $350 Bonus

Replace 8/19/25: New spherical of $400 bonuses went out with the identical $25,000 deposit requirement. Legitimate by 9/13. You might need gotten an e mail about it, I acquired it as a popup upon login, and it additionally reveals in your Amex Affords (screenshot under).

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

Provide at a look

• Most bonus quantity: $350
• Availability: Nationwide however focused
• Deposit required: $25,000 for 90 days
• Arduous/gentle pull: Mushy pull AFAIK, however not confirmed
• ChexSystems: Unknown
• Bank card funding: None
• Month-to-month charges: None
• Early account termination charge: None talked about
• Family restrict: None listed
• Present Price: 1.75% 3.50% APY
• Expiration date: October 8, 2022

The Provide

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

• American Categorical is providing some cardholders a proposal to open a brand new American Categorical Financial savings account and get a $350 bonus if you deposit no less than $25,000 by O‌ctober 8, 2022 and maintain the fund by January 6, 2023.

The High quality Print

• This provide is barely accessible to prospects new to American Categorical Financial savings. This Provide just isn’t accessible to (i) non-American Categorical Card Members, (ii) American Categorical Card Members who didn’t obtain this e mail from American Categorical instantly, or (iii) American Categorical Card Members who’ve been named as a major or joint holder on an energetic 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 tackle that instantly acquired 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 multiple individual shares the e-mail tackle to which this e mail was delivered, the person named within the physique of the e-mail might 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 very best stability might be eligible.
• A money bonus quantity of $350 might be credited to your new account after you, as the first account holder, deposit a complete of $25,000 or extra of latest 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 goal 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 had been energetic previous to the date on which this e mail was despatched by American Categorical aren’t 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 stability might 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 Price

No early termination charge is talked about.

Our Verdict

This appears to have been despatched out to lots of people, but it surely’s focused and never everybody acquired it. We’ve seen related presents earlier than from Amex, and this one is best than prior presents. Given Amex already presents 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 present. Funds have to be deposited by M‌arch 3, 20‌23 and held by M‌ay 2, 20‌23. (ht San & ESIS)