I was considering the best airline mileage deals and it appears BankDirect offers the best option if you have a large amount of cash(ex: $200,000): 1. Average balance pays 0.05 interest($100) annually based on $200k balance 2. Transfers 20,000 AA miles monthly to AA account; annual total: 240,000 3. Does not generate 1099-Misc for miles....so tax free Thus 240,000 points would be enough for 2 international AA business class tickets tax free($3000+ value). This deal seems better than Credit Card promos and brokerage deals. Curious what others think as I agree you need MONEY to play BankDirect but it's tax free and rewards are better than a normal bank interest like ING Direct 1% interest which would be $2000/annually but taxed. Sorry for post thread as bank Direct only taxes interest not miles.