Just got this in the snail mail offer. The interest rate is even lower at 0.60APY but this rate also happens to be the same rate as American Express "high yield" account which use to be 2.9% pre covide and has dropped every month since.
The bonus miles are the same 20k , 40k, 50k and the +25% extra miles on purchases with 10k in the account.
Was worth it for me, As I am traveling in the next few months and these will just stack on my current horde of miles that I have. Might be bumping up to Biz/first for overseas trip with this.