Amex High-Yield Savings: $500 Bonus on $25K Deposit
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American Express is offering a targeted promotion for a high-yield savings account, providing a $500 bonus to select cardholders. This limited-time offer requires a minimum deposit of $25,000 within 30 days of account opening, which must be maintained for an additional 60 days to qualify for the bonus. The account itself boasts a competitive 3.60% Annual Percentage Yield (APY) and no monthly fees, making it an attractive option for those who meet the deposit requirement. The offer is exclusively for those without a pre-existing American Express savings account and is only valid until June 13, 2025. Recipients will receive notification via email, with the subject line including the phrase “Use this email's link to unlock your $500 cash bonus.” It's important to note that the $500 bonus is considered taxable income and will be reported on a 1099 form; consult a tax professional for details. While variations of this offer may exist, the $500/$25,000 promotion is considered the most lucrative. The promotion is a targeted offer, meaning not all American Express customers are eligible. This means potential customers should check their email and Amex account to see if they qualify for this limited-time offer. The combination of a substantial bonus, a competitive APY, and no monthly fees makes this a potentially beneficial opportunity for eligible individuals with significant funds to deposit and maintain.
(Source: https://dannydealguru.com/amex-high-yield-savings-account-500-bonus/)
