American Express® $350 High Yield 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 Axos Bank.

This post may contain affiliate links, meaning I get a commission at no cost to you if you decide to make a purchase through my links. Visit this page for more information. The content on this page is accurate as of the posting date; however, some of the offers mentioned may have expired.

American Express® High-Yield Savings Account

The American Express® High-Yield Savings Account offers an above average 3.30% 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, targeted users can get a $350 bonus when they open a new Amex savings account and complete qualifying activities.

This post may contain affiliate links, meaning I get a commission at no cost to you if you decide to make a purchase through my links. Visit this page for more information. The content on this page is accurate as of the posting date; however, some of the offers mentioned may have expired.

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 for 90 days.

Once the bonus requirements have been met, 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.

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

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 is a hot deal with the added $350 bonus.

I consider American Express one of the best national banks and it’s my go-to company for many of my financial needs. I have many of their charge cards, credit cards, checking accounts, and savings accounts.

I’ll include this bonus offer in the list of the best bank account opening bonuses.

3 thoughts on “American Express® $350 High Yield Savings Account Bonus”

  1. What does it mean that the account has to be in good standing at time of bonus credit? If I withdraw my money to leave only $1500 in the account on 01/07, will it affect my eligibility to receive the bonus? Thanks

    Reply
    • Good standing simply means your account is current. For example, you don’t have a negative balance on your account from accidently withdrawing more than you have. For the promotion you’re referencing, since the $25k has to be maintained only through 1/6/23 – you’ll be okay taking most of it out and leaving a smaller balance on 1/7/23.

      Reply

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