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American Express $350 Savings Account Bonus

Get a $350 bonus when you open an American Express High-Yield Savings Account, deposit qualifying funds, and maintain the balance for 90 days. This is the highest bonus offer Amex has ever provided for their savings account.

For more current bank offers, see our bank bonuses page. The most popular offers are from Chase BankSoFi, and Fifth Third Bank.

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American Express High-Yield Savings Account

The American Express High-Yield Savings Account offers an above average interest rate of 1.75% APY, no minimum balance or monthly service fees, and around-the-clock 24/7 customer support making it a compelling choice for savers.

It’s my opinion that a high-yield savings account is the best place to save money and earn interest. This type of bank account allows you to withdraw cash at any time and earns the most interest, which is why many people use it to hold their money or build an emergency fund.

And for a limited time, get a $350 bonus when you open a new Amex savings account and complete qualifying activities.

American Express $350 Savings Account Bonus [Targeted]

American Express is offering a $350 bonus when you open an Amex High-Yield Savings Account, deposit at least $25,000, and maintain that balance through January 6, 2023.

Once you meet the aforementioned bonus requirements, you’ll get $350 credited to your Amex Savings Account in 8-12 weeks.

This is a targeted offer sent to select Amex customers via postal mail and email. If you didn’t get this promo, check out the list of the Best High-Yield Savings Accounts for other top bank offers and welcome bonuses.

American Express High-Yield Savings Account bonus offer
(Image from American Express)

$350 Cash Bonus Offer Step-by-Step Guide:

  1. Open an American Express High-Yield Savings Account using the offer link.
  2. Deposit $25,000 or more by October 8, 2022.
  3. Maintain the balance through January 6, 2023.
  4. Receive a $350 bonus within 8-12 weeks after completing offer requirements.

Offer Details:

Availability: Nationwide
Expiration: 10/08/22
Household Limit: None
Direct Deposit Required: No
Deposit Required: $25,000 for 90 days
Soft/Hard Pull: Soft
Early Account Termination Fee: No

Offer Terms & Conditions:

  • This offer is only available to customers new to American Express Savings. This Offer is not available to (i) non-American Express Card Members, (ii) American Express Card Members who did not receive this email from American Express directly, or (iii) American Express Card Members who have been named as a primary or joint holder on an active American Express Savings Account (High Yield Savings, CD or IRA).
  • You, as the direct recipient of this email can only be eligible for 1 offer. The new High Yield Savings Account must be opened using the email address that directly received this email, and the recipient of this email must be named as the primary holder when opening the new account. In the event that more than one person shares the email address to which this email was delivered, the individual named in the body of the email will be treated as the recipient eligible for this offer. In the event multiple accounts are opened by the eligible recipient, the High Yield Savings Account with the highest balance will be eligible.
  • A cash bonus amount of $350 will be credited to your new 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, checking or debit account) into a new American Express High Yield Savings Account by 11:59pm ET on O‌ctober 8, 2022. A “new” account for this purpose is an account that is opened on or after the date on which this email was sent by American Express. 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.
  • At the time the bonus is credited, your account must be open, in good standing and not restricted to qualify. Your balance may decline after the 90-day holding period, but the account must remain open and in good standing.

The Bottom Line

This was sent to me via email and it seems to have been received by many others from what I’ve been reading in the Reddit forums. Unlike previous Amex bank bonuses, this is a targeted offer and not everyone received it nor is every person eligible.

The high-yield rate from Amex is excellent compared to other big banks and with the added $350 bonus, this makes it a hot deal.

I consider American Express one of the best national banks and have many banking products with them including credit cards, checking accounts, and savings accounts. I’ll include this in the list of the best bank account opening bonuses.

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