Best brokerage account bonuses in January 2021, account opening bonus.

Account opening bonus


Here are the cash bonus tiers for this offer: you’ll receive your bonus approximately a week or two after the 45-day period ends if you made a qualifying deposit when becoming a new schwab customer and enrolling in the referral offer.

Free forex bonuses


Best brokerage account bonuses in January 2021, account opening bonus.


Best brokerage account bonuses in January 2021, account opening bonus.


Best brokerage account bonuses in January 2021, account opening bonus.


Best brokerage account bonuses in january 2021


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Brokerages are aggressively competing for your money. One way they do so is by offering competitive bonuses that you can add right to your brokerage account. It’s important to know the best offers so that you can decide whether it’s a good time to open a brokerage account and take advantage of what is often risk-free cash.


Here bankrate tracks the best brokerage account bonuses to help you compare active offers.


Best brokerage account bonuses in january 2021



  • Ally invest: $50 to $3,500

  • Merrill edge: $150 to $900

  • Charles schwab: $100 to $500 (personally referred friend offer)

  • E-trade: $50 to $2,500


Ally invest: $50, $200, $300, $600, $1,200, $2,500 or $3,500 bonus


New ally invest clients can earn up to a $3,500 cash bonus if they open a new account by march 31, 2021. The qualifying deposit must contain funds from outside of ally financial, and a person can only get the offer on one new ally invest securities LLC account. As an extra incentive, ally will credit your transfer fees from another brokerage, up to $150 as long as you bring at least $2,500 over to the new account.


Ally invest checks your deposit 60 days after your account is opened to determine the total qualifying deposit. You’ll receive your cash bonus within 10 business days after this review.


To receive a cash bonus, you must:



  • Deposit at least $10,000 in a new ally invest account.

  • Be a U.S. Resident.

  • Not be an existing ally invest account holder or a former ally invest account holder (which includes former tradeking securities LLC account holders). You’re not eligible to receive the cash bonus if you closed one of these ally invest accounts within the past 90 days.



You must use the “open account” button associated with this offer on ally invest’s site for opening your account to be eligible for this offer.


Here are the bonus tiers for this offer:



  • To receive the $50 bonus, deposit or transfer $10,000-$24,999.

  • To receive the $200 bonus, deposit or transfer $25,000-$99,999.

  • To receive the $300 bonus, deposit or transfer $100,000-$249.999.

  • To receive the $600 bonus, deposit or transfer $250,000-$499,999.

  • To receive the $1,200 bonus, deposit or transfer $500,000-$999,999.

  • To receive the $2,500 bonus, deposit or transfer $1 million -$1,999,999.

  • To receive the $3,500 bonus, deposit or transfer $2 million or more.



Once you receive your bonus, both the cash bonus and your qualifying deposit (minus any trading losses that are incurred) can’t be withdrawn for 300 days. A withdrawal may cause ally invest to revoke your bonus.


Read bankrate’s ally invest review to learn more.


Merrill edge: $150, $225, $375 or $900 bonus


When you open a merrill edge IRA or cash management account and make a qualifying deposit within 45 days of opening you can earn up to a $900 bonus. You need to use offer code 900ME during the account opening. This can be done while applying online or using it when speaking to a merrill edge financial adviser on the phone or at select bank of america branches. This offer expires april 15, 2021.


To receive a cash reward, you must:



  • Enroll for the offer at the time of account opening.

  • Deposit net new assets of at least $20,000 into your merrill edge account within 45 days of opening the account.

  • You must be enrolled in the preferred rewards program within 90 days of making the deposit.

  • Maintain that balance for at least 90 days.



The offer limits you to one IRA — rollover, traditional, roth and sole-proprietor SEP only — and one cash management account. Each account holder can’t have more than two enrolled accounts.


Assets from bank of america, merrill lynch, pierce, fenner & smith incorporated (MLPF&S), U.S. Trust, or 401(k) accounts administered by MLPF&S aren’t qualifying net new assets.


You’ll receive your cash reward two weeks after the initial 90-day period, assuming you meet eligibility requirements.


Business/corporate accounts, investment club accounts, partnership accounts and certain types of fiduciary accounts held at merrill edge aren’t eligible for this offer. The offer also doesn’t apply to accounts, which include iras or cmas, held with other business units of MLPF&S.


Here are the bonus tiers:



  • To receive the $150 cash reward, deposit $20,000 to $49,999.99.

  • To receive the $225 cash reward, deposit $50,000 to $99,999.99.

  • To receive the $375 cash reward, deposit $100,000 to $199,999.99.

  • To receive the $900 cash reward, deposit $200,000 or more.



Read bankrate’s merrill edge review to learn more.


Charles schwab: $100, $200, $300 or $500 (if you’re referred by a friend)


Schwab is offering personally referred friends the opportunity to earn up to $500 when they use a referral code, given to you by a current schwab customer, and open an eligible account at schwab.


To receive the bonus award, you must:



  • Receive a referral code from a friend or family member.

  • Be a new schwab client and make a qualifying net deposit within 45 days of both becoming a schwab customer and opening an eligible retail brokerage account.



You’re limited to one per account and only one account per client when you receive a referral.


Schwab retail brokerage accounts and iras are eligible for this offer. This includes accounts that are enrolled in schwab-sponsored investment advisery programs, such as schwab intelligent portfolios, schwab managed portfolios, schwab managed account select and connection and schwab private client.


You’ll receive your bonus approximately a week or two after the 45-day period ends if you made a qualifying deposit when becoming a new schwab customer and enrolling in the referral offer.


Schwab may charge back its bonus award if taxable accounts aren’t kept at schwab for at least one year.


Here are the bonus tiers for this offer:



  • To receive a $100 bonus, deposit $1,000-$24,999.

  • To receive a $200 bonus, deposit $25,000-$49,999.

  • To receive a $300 bonus, deposit $50,000-$99,999.

  • To receive a $500 bonus, deposit $100,000 or more.



Read bankrate’s charles schwab review to learn more.


E-trade: $50, $100, $150, $200, $300, $600, $1,200 or $2,500 bonus


You can earn a cash bonus if you open a retirement or brokerage account and fund it with $5,000 or more within 60 days of account opening. Your account must be opened by jan. 31, 2021.


To receive a cash bonus, you must:



  • Use promo code WINTER21 when opening the account.

  • Open your new account with funds or securities from accounts outside of E-trade. You need to also keep the new account (minus any trading losses) for at least 12 months to keep the cash bonus.



Here are the cash bonus tiers for this offer:



  • To receive a $50 bonus, deposit or transfer $5,000-$9,999.

  • To receive a $100 bonus, deposit or transfer $10,000-$19,999.

  • To receive a $150 bonus, deposit or transfer $20,000-$24,999.

  • To receive a $200 bonus, deposit or transfer $25,000-$99,999.

  • To receive a $300 bonus, deposit or transfer $100,000-$249,999.

  • To receive a $600 bonus, deposit or transfer $250,000-$499,999.

  • To receive a $1,200 bonus, deposit or transfer $500,000-$999,999.

  • To receive a $2,500 bonus, deposit or transfer $1 million or more.



Read bankrate’s E-trade review to learn more.



Best checking account bonuses for 2021 (up to $700 bonus cash)


I'm a freelance writer specializing in personal finance and travel credit card rewards.


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Are you looking for a checking account with more rewards for 2021? You’re in luck as we’ve rounded up the best checking account bonuses, giving you an excellent place to start. If you’re wondering if bank bonuses are worth it, know that banks are willing to reward your loyalty by giving you cash rewards.


Best brokerage account bonuses in January 2021, account opening bonus.
What are some of the best checking account bonuses in 2021? Photo by HSBC


The best checking account bonuses for 2021


It’s easy to solely focus on maximizing credit card bonuses but overlook checking accounts. After all, credit cards tend to be more exciting and are usually advertised more frequently. However, having the right checking account can both pad your wallet and make it easy to access your cash.


However, note that before applying for any bonus, make sure you read the bonus offer details. Look for any potential fees. Don’t give back your earnings to the bank because of extra fees.


Here are some of the best checking account bonuses for 2021.


Chase bank ($200 bonus cash)


The information for chase total checking® has been collected independently by johnny jet. The card details on this page have not been reviewed or provided by the card issuer.


Chase total checking® is offering the chance to earn $200 for a limited time. To earn the full $200 bonus:



  • Open an account by 04/14/2021

  • Set up direct deposit

  • Receive the money within ten business days



This checking account is great for personal banking because it’s easy to waive the monthly fee. However, you will need to pay non-chase ATM fees, money orders, and anything other than essential chase banking services. If you need local bank access for deposits and withdrawals, this is a good option. Both the online and mobile chase bank platforms are free to use.


You can waive the $12 monthly account fee by meeting one of these conditions:



  • Direct deposits of at least $500 per month OR

  • Minimum $1,500 balance at the beginning of the day OR

  • Average $5,000 or more daily balance in any combination of this account and linked qualifying chase checking, savings, and other balances



Having a chase total checking® account doesn’t automatically waive the monthly fee for your linked chase savings℠ account.


If you’re interested in a business account, check out the chase business complete banking℠ option. Account-holders have multiple ways to waive monthly service fees, including maintaining a minimum daily balance or purchases on their chase ink® business credit card. New members can get $300 as a new chase business checking customer when you open a chase business complete banking℠ account with qualifying activities. This offer expires 04/15/2021.


CIT bank


The CIT bank echecking account doesn’t offer a signup bonus but offers these perks:



  • No monthly service fees

  • The entire account balance earns interest

  • Up to $30 in monthly non-network ATM fee reimbursements

  • Online bill pay



The minimum initial deposit is $100. You do not need to enroll in direct deposit or maintain a minimum balance, hassles that some of the other banks require to earn a bonus or waive the monthly service fee. Having an average daily balance of at least $25,000 waives the $10 outgoing wire transfer fee.


An echecking account can be your best option if you want a (mostly) fee-free checking account or only have a small amount of cash to deposit. Two incidental fees you might pay are a $30 overdraft fee and a 1% fee for international purchases and ATM withdrawals. While CIT bank is an online-only bank, you have plenty of ways to access your cash. For instance, you can transfer money to friends using zelle, samsung pay, or apple pay.


Savings options worth mentioning


CIT bank has several savings account options you may like as well. The CIT bank money market account requires a $100 initial deposit. Unlike other money market products, this one doesn’t come with a debit card or paper checks. But you can enroll in online bill pay and can make up to six free monthly withdrawals. This account can be a good option if you don’t want separate savings and checking accounts.


The CIT bank savings builder high yield savings account can motivate you to save at least $100 each month. After the minimum $100 initial deposit, a recurring monthly deposit of $100 (or a minimum $25,000 account balance) lets you earn up to 0.45% APY. This interest rate is higher than most standard savings accounts.


Each account can have higher interest rates and make it easier to waive the monthly service fee than most brick and mortar banks.


Chime bank


The information for chime bank has been collected independently by johnny jet. The card details on this page have not been reviewed or provided by the card issuer.


Chime bank offers a free spending account that’s similar to checking accounts that banks offer. There are no monthly account fees and you get a free visa debit card. You cannot get a paper checkbook but chime will mail checks of up to $5,000 for free within the 50 states and washington, D.C.


Your chime spending account includes these perks:



  • Free-free spotme overdraft protection

  • Receive direct deposits up to two days early

  • Over 38,000 fee-free atms (moneypass and visa plus alliance networks)

  • Instant money transfers to other chime members

  • $0 initial deposit

  • No minimum balance requirement



You can qualify for free spotme overdraft protection when you receive at least $500 in monthly direct deposits. Your overdraft protection limit is between $20 and $100. Chime uses your next deposit to repay the negative payment balance.


Your chime visa debit card can make fee-free withdrawals at moneypass and visa plus alliance atms across the united states. If you forget your card, the chime app lets you instantly freeze and unfreeze your card.


Savings accounts worth mentioning


One downside of opening a chime bank spending account is no signup bonus. Chime bank is a good option if you’re new to banking or want a simple fee-free account. If you transfer money to friends often, chime bank has fewer instant transfer capabilities than other banks. You can make instant transfers to other chime members using chime’s pay friends mobile app. Chime supports other third-party payment apps including apple pay and google pay.


It’s possible to make up for the lack of a spending account bonus by stashing your extra cash into a high yield chime savings account. All deposits currently earn 1.00% APY with no required minimum balance. You won’t pay a monthly account fee with this savings account either.


You can optimize your spending and savings accounts by enabling savings round-ups with your chime debit card. Chime can round up your debit card purchases and transfer the round-up to your savings account. It’s also possible to schedule recurring transfers from each spending account direct deposit.


Citi (up to $700)


The information for citi has been collected independently by johnny jet. The card details on this page have not been reviewed or provided by the card issuer.


Citi is currently offering a checking account bonus worth up to $700. You will also need to open a new eligible checking and savings account and complete the required activities to earn the full bonus. Here’s how much you can earn if you complete the following activities:



  • $700 cash bonus: open a new eligible checking and savings account in the citi priority account package during the offer period (01/06/2021 to 04/01/2021); deposit $50,000 in new-to-citibank funds between the new checking and savings accounts within 30 days of account opening; maintain a minimum balance of $50,000 between the checking and savings accounts for 60 consecutive calendar days. You will receive your bonus within 90 days after completing the required activities.



If depositing $50,000 is a bit too steep, you may consider the basic banking package that earns $300.



  • $300 cash bonus: open a new eligible checking and savings account and complete required activities in the citibank account package during the offer period 01/06/2021 to 04/01/2021; within 30 days of opening your account, deposit $15,000 in new-to-citibank funds into the new checking and savings accounts; maintain a minimum balance of $15,000 between the checking and savings accounts for 60 consecutive calendar days.



Bank of america ($100 bonus cash)


The information for bank of america has been collected independently by johnny jet. The card details on this page have not been reviewed or provided by the card issuer.


The bank of america has one of the smallest yet easiest bonus offers to earn. Non-bofa customers can earn $100 by opening one of three advantage banking checking accounts. It’s possible for current bofa customers to qualify for a targeted bonus as high as $300.


Open an eligible account by june 30, 2021, using this link, and make a minimum initial deposit ($25 or $100). Then, set up and receive two qualifying direct deposits of at least $250 each within 90 days of account opening.


All three checking account options let you earn preferred rewards with select credit cards including the bank of america travel rewards.


HSBC (up to $450 bonus cash)


The information for HSBC has been collected independently by johnny jet. The card details on this page have not been reviewed or provided by the card issuer.


If you have a high net worth, check out the HSBC checking account promotions. It’s possible to get up to $450 bonus cash which is a large checking account bonus.


As a heads up, HSBC bonus offers have some of the strictest terms and conditions. After meeting the initial account setup rules, you may need to maintain minimum activity for several months.


Premier checking


You will need to open a premier checking account to get a $450 cash bonus. The promotion requirements include:



  • Opening an account by march 31, 2021

  • Make recurring monthly qualifying direct deposits totaling at least $5,000 from a third party to your HSBC premier checking account(s) for 3 consecutive calendar months from the second full calendar month after account opening

  • Automatically receive a $450 welcome deposit in your checking account 8 weeks after completing qualifying activities



Premier checking benefits include:



  • No fees on everyday banking transactions (includes wire transfers)

  • Unlimited ATM withdrawals

  • Global premier status at all worldwide HSBC affiliates



Advance checking


An easier HSBC promotion to qualify for is for an advance checking account. You get a $200 cash bonus after these actions:



  • Open an account using this webpage by march 31, 2021

  • Make recurring monthly qualifying direct deposits totaling at least $500 from a third party to your HSBC advance checking account(s) for 3 consecutive calendar months from the second full calendar month after account opening

  • Automatically receive a $200 welcome deposit in your checking account 8 weeks after completing qualifying activities



Santander ($400 bonus cash)


The information for santander has been collected independently by johnny jet. The card details on this page have not been reviewed or provided by the card issuer.


Open a santander simply right checking account and you can earn $400 bonus cash:



  • Open a simply right checking account by march 31, 2021, using the unique promotion code shown on this page after you provide your name and email address

  • Direct deposits must total $4,000 or more within the first 90 days

  • Keep your account open for at least 90 days



This offer is only available to residents of NH, MA, RI, CT, DE, NY, NJ, or PA. If you live in one of these states, this can be one of the easier checking account bonuses to earn.


PNC bank (up to $200 bonus cash)


The information for the PNC bank has been collected independently by johnny jet. The card details on this page have not been reviewed or provided by the card issuer.


You can earn $200 by joining PNC bank.



  • $200 bonus cash: open and establish total qualifying direct deposit(s) of $2,000 or more to the new virtual wallet checking pro



This offer expires on february 01, 2021.


Associated bank (up to $500)


The information for associated bank has been collected independently by johnny jet. The card details on this page have not been reviewed or provided by the card issuer.


Living near an associated bank branch lets you earn up to $500 through may 31, 2021.


You will earn the first $400 by:



  • Open an associated choice checking account

  • Have direct deposits totaling $500 or more into your new checking account, within 90 days of account opening

  • Add funds into your checking or other deposit accounts

  • Collect your bonus in 120 days



Summary of best checking account bonuses 2021


If you live in a region served by one of the brick and mortar banks, this can be a fun way to add some extra cash to your wallet. Banks may only offer these banks to new customers. If you can achieve the bonus offer requirements, it can be worth opening a new bank account. Hopefully one of these best checking accounts bonuses in 2021 options works for you.


Which banks offer a bonus for opening an account?


Most national banks offer one-time signup bonuses for new bank customers. It’s possible to earn bonuses for opening new checking and savings accounts. How much you can earn depends on which account you open and the bonus requirements.


For instance, offers that require larger initial deposits or direct deposits tend to offer higher bonus payouts.


Some of the banks to consider looking at first include:



  • Chase

  • Citi

  • Bank of america

  • Wells fargo

  • PNC

  • Fifth third bank

  • US bank

  • HSBC

  • TD bank



You are less likely to find bonus offers for online-only banks. However, it’s easier to avoid ongoing fees that traditional banks usually charge.


Are checking account bonuses taxable?


Yes, any bonus cash you earn from a checking account or savings account signup offers is taxable income. When your bank sends you a form 1099 tax form to report your taxable interest earned for the calendar year, this form will include your bonus cash too.


Paying income tax is one downside of checking account bonuses. To avoid this tax, you may focus on earning credit card signup bonuses which are not subject to taxes under current tax rules.


Which bank is best to open a checking account?


The best bank to open a checking account mostly depends on where you live. Most brick-and-mortar banks require you to enter your zip code to see your available account options. For example, you may live in an area served by chase bank but not by bank of america.


If possible, try opening a chase bank checking account first. They make it easy to avoid recurring fees with the total checking account. If you have a large cash surplus, you may consider opening a chase sapphire℠ checking account. This “ultimate” account gives you complimentary access to most banking services. It can also be a good fit if you own a chase sapphire preferred® card or chase sapphire reserve®.


To easily avoid fees, consider joining an online bank like capital one 360 or discover bank. If you don’t need local branch access, this is a free way to get a debit card and have a place to enroll in direct deposit.



The best savings account bonus offers and promotions


These savings account promotions reward you with one-time bonuses and great interest rates just for signing up.


Updated jan 14, 2021 . What changed?


We review over 120 savings accounts at the beginning of each month and select those with the highest promotional value, regardless of minimum deposits. We include checking accounts only if there are attached savings account requirements, and we omit bonuses that are only available to a few states.


What’s changed in 2021?


We updated savings bonus offers for citi and bask bank. We added the suze orman ultimate opportunity savings account bonus to our list after it was announced by alliant credit union in january.


6 best savings bonus offers


Here’s a snapshot of the five best savings account bonus offers:


Accountbonus totalminimum depositexpirationmore info
citi priority account$700 bonus$50,000april 1, 2021learn more
citibank® account package$300 bonus$15,000april 1, 2021learn more
chase savings$150 bonus$10,000january 20, 2021learn more
chase private client$2,000 bonus$250,000january 15, 2021learn more
bask bank savings1,000 aadvantage bonus miles$5,000june 30, 2021learn more
suze orman ultimate opportunity savings$100 bonus$0march 31, 2021learn more


Closer look at the best savings accounts bonus offers


Take a closer look at the best savings account promotions by reviewing the fine print of each one:


Citi priority account: $700 bonus



  • Bonus amount: $700

  • Minimum deposit required: $50,000

  • Interest rate: 0.04% to 0.5%, depending on your location

  • Offer rules: open new, qualifying savings and checking accounts as part of the citi priority account package. Within 30 days, deposit at least $50,000 into your combined accounts and keep the amount for 60 consecutive calendar days.

  • Eligibility: available only to new citibank customers.

  • Expiration: bonus available until april 1, 2021.


Citibank® account package: $300 bonus



  • Bonus amount: $300

  • Minimum deposit required: $15,000

  • Interest rate: 0.04% to 0.5%, depending on your location

  • Offer rules: open new, qualifying savings and checking accounts as part of the citibank account package. Within 30 days, deposit at least $15,000 into your combined accounts and keep the amount for 60 consecutive calendar days.

  • Eligibility: available only to new citibank customers.

  • Expiration: bonus available until april 1, 2021.


Chase savings: $150 bonus



  • Bonus amount: $150

  • Minimum deposit required: $10,000

  • Interest rate: 0.01% APY

  • Offer rules: earn $150 when you open a new chase savings account by january 20, 2021, deposit at least $10,000 in new money within the first 20 days and maintain a minimum $10,000 balance for 90 days.

  • Eligibility: not available to existing chase savings customers, or those whose accounts have been closed within 90 days or closed with a negative balance.

  • Expiration: bonus available until january 20, 2021.


Chase private client: $2,000 bonus



  • Bonus amount: $2,000

  • Minimum deposit required: $250,000

  • Interest rate: 0.01%

  • Offer rules: join chase private client and transfer at least $250,000 in new money to eligible savings, checking or investment accounts within 45 days of account opening. Finally, keep an average daily balance of at least $250,000 in your accounts for at least 90 days.

  • Eligibility: available only to existing chase customers.

  • Expiration: bonus available until january 15, 2021.


Bask bank savings: 1,000 aadvantage bonus miles



  • Bonus amount: 1,000 aadvantage miles

  • Minimum deposit required: $5,000

  • Interest rate: earn 1 aadvantage mile for every $1 saved

  • Offer rules: open a new bask bank savings account before june 30, 2021. Within 30 days, deposit at least $5,000 into the account and maintain that balance for at least 90 days. The bonus miles will be awarded within 10 days of meeting requirements and may take six to eight weeks to post to your aadvantage account.

  • Eligibility: available to new bask bank customers only.

  • Expiration: bonus available until june 30, 2021.



Suze orman ultimate opportunity savings account: $100 bonus



  • Bonus amount: $100

  • Minimum deposit required: $0

  • Interest rate: 0.55%

  • Offer rules: open an alliant savings account by march 31, 2021, and receive a $100 bonus when you transfer at least $100 a month into the account for 12 consecutive months. Account must have a $100 daily minimum balance and a $1,200 minimum balance after 12 months to qualify.

  • Eligibility: available to new alliant credit union members only.

  • Expiration: bonus available until march 31, 2021.


How to choose the best savings account bonus


When combing through savings account promotions, dig beyond the surface and look at the actual account details. Because once the introductory offer expires, you don’t want to be stuck with an account you don’t like. Here are some factors to consider:



  • Bonus requirements. The best savings account bonuses typically have deposit requirements of at least $10,000. You may also need to keep your money in your account for a certain period of time. Make sure you can easily meet these requirements before you open an account.

  • High introductory rate. Look for an account with a high introductory interest rate that lasts for a longer period of time.

  • Low minimum opening balance. Check to see how much money you need to open the account — and if there’s a minimum ongoing balance that needs to be maintained. If you’re just starting out as a new saver, you probably don’t want a high minimum.

  • Little or no fees. Some banks have monthly fees or will charge you if your account balance dips too low. Look for a fee-free account, especially if you can’t keep a high minimum balance.

  • High regular rate. After the introductory period is over, your account will drop down to the bank’s regular rate. Don’t get so caught up in flashy offers for new accounts that you choose one with a rock-bottom regular rate.



How do savings account bonus offers work?


Banks attract new customers by offering signup bonuses for checking and savings accounts when you open them online. Requirements vary by bank, but you’ll usually need to set up direct deposit or transfer a minimum amount of money into the account by a certain date to meet the requirements. The promotion is deposited into your account typically within 90 days.


What are the pros and cons of a savings account signup bonus?


Weigh these benefits and drawbacks before opening an account with a promotion or offer:



  • Motivation to save. Receiving a signup bonus could be the motivation you’ve always needed to finally start saving.

  • Could get more interest. The boost in interest offered as an introductory rate is a good incentive to put as much as you can into a savings account in the first few months.



  • Limited time only. After the introductory period, you’ll lose your bonus or the account will revert to a lower, standard variable rate.

  • You don’t usually get signup bonuses right away. Many banks require you to have your account open for a specified period of time before they give you your signup bonus. This prevents people from opening several accounts in one day just for the cash and then closing them the next day.


What is an introductory rate?


An introductory interest rate is a higher interest rate offered on a savings account that’s only available for a couple of months. It’s a good practice to regularly compare your savings account options to ensure you’re always getting the highest rate.


always get highest rate


What’s a loyalty bonus?


A loyalty bonus is any sort of extra perk that a financial institution offers customers who have several different account types, large balances or a long history with the bank. They can apply to savings accounts, checking accounts, cds, credit cards and even loans. Bundling together multiple financial products and linking your accounts at the same bank is one of the most common ways to score a bonus.


Bottom line


An introductory offer can be the motivational boost you need to start saving. When you’re ready to open an account, take advantage of any bonuses available — but make sure it’s an account that you’ll still want when the intro period ends.


Compare even more savings accounts with signup bonuses


Use this table to compare savings accounts with sign-up offers and promotions.



43 best new bank account promotions of 2021 (includes a $1000 bonus!)


By lauren todd - last updated december 31, 2020 (this post may contain affiliate links.)


Don


When it comes to bank promotions, finding the best ones that give you the most bonus money is harder than it sounds.


Fine prints, details and got you rules, make comparing bank accounts with promotions and sign up bonuses for opening a checking or savings account extremely complicated.


In this post, we’re going to compare the best bank promotions and give you a summary of all the important details you need to know in order to make your decision.


Most banks offer promotions to customers, which can be highly profitable.


Did you know that you could potentially make $100s of dollars just by doing things like getting a cashback credit card or opening a new checking account?


You just need to know what banks are offering these great deals.


Bank promotions without direct deposit?


A lot of people wonder if there are bank promotions without a direct deposit requirement.


Unfortunately, most banks do require you to make a deposit in order to qualify for the bonus.


Fortunately, there are banks where the deposit is super low. So you might only need to deposit $25.


Below, we list some of the best bank promotions available in 2019!


These include promotions for opening checking accounts, savings accounts and credit card accounts.


Why you should open an account with a bank that gives you sign up bonus?


I mean, to me, the idea that banks make money from our money, yet bombard us with fees left and right is just crazy.


Let’s think about this scenario…


A friend of yours asks you to lend her $100 on the first of every month. As a good friend, you agree. But then, she starts charging you fees left and right for not giving her the money on the exact day you agreed to!


That’s what fees like late fees that banks charge you essentially are.


Think about that for a moment – you give your bank all your money to keep. They lend your money to other customers and earn money on interest and fees. But they also make money by charging you fees for all kinds of crazy stuff. Essentially you are paying banks so they can hold your money for you while using it to make money for themselves.


Now, I get that that’s how the economy works and it’s safer to keep money at the bank than under your mattress or in the pillow.


But it still gets me anyway.


OK, so there is nothing you can do about that really. But when the opportunity presents itself, you must take advantage of it.


When a bank is offering sign up bonuses and promotions, you should 100% go for it IF you are already thinking about opening a new account.


Basically these banks are giving away free money. You’d be crazy not to take it!


So, if you don’t want to miss out, read on to find out what banks gives you the best bang for your buck, literally!


Top bank account promotions (january 2019)


Here are the best bank promotions current as of the month of january 2019.


Checking account promotions


Many banks will give customers who open a checking account a bonus. This is a good way to add hundreds to your bank account!


1. Chase total checking account


When you open a new chase total checking account, you’ll get $200. To qualify for this bonus, you’ll need to deposit at least $25 into your account when you first open it and set up a direct deposit.


2. TD premier checking


The TD premier checking account gives new customers a bonus of up to $300. You can get this bonus when you receive direct deposits of $2,500 or more within 60 days of opening your account.


3. TD convenience checking


You can earn up to $150 when you open up a TD convenience checking account. You can get this bonus when you receive direct deposits of $500 or more within 60 days of opening your account.


4. Chase sapphire checking account


You can get 60,000 chase ultimate rewards bonus points when you join sapphire banking.


If you already have an account with chase, you can enter your email address to get an upgrade code and bring your upgrade code to a branch. So, basically, you need to upgrade to a chase sapphire checking account.


If you’re a new customer, then you can open up an account, and the coupon code will automatically be applied.


This bank promotion expires on 03/05/2019.


You’ll need to transfer $75,000 or more in qualifying new money or securities to a mix of eligible checking, savings, and/or investment accounts. You’ll also need to maintain that balance for at least 90 days. Once you’ve done that, you’ll get the bonus points to your chase sapphire card with ultimate rewards.


5. Capital one 360 checking


Open up a capital one 360 checking account, and you’ll get a $25 bonus.


6. Bank of america checking account


Are you looking for bank of america promotions?


Then check out this offer.


When you open a bank of america checking account, you can get a $100 bonus.


Open a checking account by february 28, 2019. Then, set up and receive at least two qualifying direct deposits of at least $250 within the first 90 days of opening your account.


This offer is only available to new customers who don’t already have a personal checking account with the bank of america.


7. Suntrust


Get a $750 bonus when you open up a suntrust checking account.


There are three reward levels:



  • $250: get a $250 bonus when you open a suntrust advantage checking account, and complete the qualification steps.

  • $500: open a new suntrust advantage checking account and bring in $25,000 in total new balances within 30 days of your account opening, and you can get a $500 bonus. You’ll need to maintain these balances for at least 90 days after your account opening.

  • $750: get a $750 bonus when you open a new suntrust advantage checking account and bring in $100,000 in total new balance within 30 days. And then you’ll need to maintain the balance for at least 90 days after your account opening.



8. HSBC advance checking


HSBC advance checking gives you a great welcome deposit offer.


When you open an HSBC advance checking account and complete the qualifying activities, you can get a bonus of $350.


To take advantage of this offer, you need to deposit a minimum of $10,000 in combined checking and savings accounts within 30 calendar days of your account opening.


Then you need to maintain at least the minimum qualifying balance for 90 calendar days from the date that you deposited the minimum amount.


You need to open your advance checking account by march 29, 2019.


You’ll automatically get the $350 welcome deposit to your new HSBC advance checking account, around eight weeks after you complete qualifying activities.


9. HSBC choice checking account


Get a welcome deposit of $200 when you open a new HSBC choice checking account online, by march 29, 2019. You need to deposit at least $1,500 into combined checking and savings accounts within 30 calendar days of account opening.


You’ll need to maintain at least the qualifying balance for at least 90 calendar days from the date you deposited the minimum amount.


Around eight weeks after you complete the qualifying activities, you will automatically receive a $200 welcome deposit to your HSBC choice checking account.


10. HSBC premier checking account


Get a welcome bonus of $750 for starting a new HSBC premier checking account. Like with most bank promotions, you’ll need to complete a few activities to be eligible for this bonus.


Deposit a minimum of $100,000 or more in combined checking, savings, and/or eligible investment accounts within 30 days of opening your account, and you’ll get the bonus. You’ll also need to maintain this minimum amount for at least 90 calendar days from the date you deposited it.


After eight weeks, you’ll get the $750 bonus if you complete the qualifying activities.


This is another offer from HSBC that expires on march 29, 2019.


11. Wells fargo everyday checking account


Open up an everyday checking account online by january 25, 2019, and you can get a $150 bonus. You’ll need to make a minimum opening deposit of $25 to fund your account.


To get your $150 bonus, within 60 calendar days of account opening, you need to receive direct deposits with a cumulative total of $500 or more into the new checking account.


Finally, if you continue to receive qualifying direct deposits with a cumulative total of $500 or more, every 30 days for an additional 150 days after the initial 60-day qualification period, then you’ll get an extra $100 bonus!


It’s important to note that this is an exclusive, online-only offer, so it’s not valid when you open an account at a branch or over the phone.


12. Elements financial high interest checking account


Get a $200 cash bonus when you open a new elements high interest checking account. You also get 2% APY.


You’ll need to make a minimum recurring monthly direct deposit of $500 within 60 days of your account opening.


You’ll need to use a code to get this offer – you can get this code on the page that we linked to above.


It’s important to note that this offer is only available to state of indiana employees and their families.


13. BB&T bright banking checking account


Open a BB&T bright banking checking account by march 14, 2019, and you could get a $200 bonus.


To get the bonus, just complete one of the following activities within 75 days of account opening:



  • Enroll in and receive two direct deposits that are worth at least $100.

  • Use BB&T bill pay to initiate three online payments of $25 or more each.



14. Salem five checking account


Open a salem star or gold star checking account, and make a direct deposit of $1,500 or more within the first 60 days and you can get a subscription free for a year!


This is a really interesting offer.


Basically, you can get a free subscription to netflix, spotify, birchbox, harry’s, or graze for free for a full year – up to $14.95 a month!


15. UNIFY checking account


Get a $150 bonus when you open a qualifying UNIFY checking account. This offer expires on march 31, 2019. You get a $50 bonus when you open your account.


Then you can get another $50 bonus when you set up a recurring ACH direct deposit of at least $500 aggregate per month.


Finally, you can get an additional bonus of up to $50 when you earn a $1 bonus for each debit card transaction that’s worth $5 or more made with your UNIFY visa debit card within the first 60 days of account opening.


16. PNC virtual wallet with performance select


Are you looking for PNC bank promotions?


Then take a look at this offer.


When you open a new virtual wallet with performance select, you can get a $300 checking account bonus. You’ll need to receive $5,000 or more in qualifying direct deposits into your new account. You also need to make at least 10 purchases with the PNC bank visa debit card that you linked to your account.


Also, you need to get at least $300 deposited into your account


This offer is available through march 31, 2019.


17. PNC virtual wallet with performance spend


Open a new virtual wallet with performance spend, complete the qualifying activities, and you could get a $200 bonus. You need to establish total qualifying direct deposits of $2,000 or more into your new account.


You also need to make at least 10 purchases with the PNC bank visa debit card that you linked to your new account. Additionally, you need to get $200 deposited into your account.


This offer is available through march 31, 2019.


Savings account promotions


You can also get some great bonuses when you open up a savings account. So you get the benefits of having a savings account and some extra cash to get you started with saving.


18. Chase savings account


There’s a $150 bonus available to customers who set up a chase savings account. You can get this bonus when you open a new chase savings account, and deposit $10,000 within 20 business days. You’ll need to maintain that $10,000 balance for 90 days to get the bonus.


19. Citizen bank collegesaver account


The collegesaver account from citizen bank is an interesting account if you’re looking to start saving for your child. With this account, you can get a $1,000 bonus.


You’ll need to open the account before your child’s 12 th birthday.


If you have a child aged 6 years old to 11 years old, then you have to deposit an initial $50, and then continue to save at least the required monthly minimum amount each year.


If your child is under the age of six, then you need to deposit at least $25 when you open the account and continue to save at least that amount each month.


When your child turns 18, you get the $1,000 bonus plus interest. It’s a good account for saving in general, as it pays decent interest, and the $1,000 bonus is great.


20. CIT bank premier high yield savings


This isn’t a bonus per se, but it is a really great deal, which is why we’ve included it on our list.


The CIT bank premier high yield savings account gives you a great interest rate of 1.55%


There’s a $100 minimum opening deposit.


This interest rate is great, as it can actually net you a higher amount than many of the bonuses on this list!


For example, if you deposited $10,000 and then deposit $1,000 each month for 12 months, then in interest, you’ll earn around $257.45 in just a year!


21. Capital one 360 savings


Capital one 360 savings offers a $25 bonus when you open an account. It’s another good bank promotion from capital one.


22. Capital one360 money market


Open up a capital one 360 money market account, and you can get a $100 bonus.


23. Discover online savings account


Open a discover online savings account and you can get a $150 to $200 bonus. You’ll need to deposit at least $15,000 to get the $150 bonus. To get the $200 bonus, you need to deposit at least $25,000.


And you must open your account by 01/31/19 to get these bonuses.


Credit card promotions


Many banks offer bonuses to customers who open up a credit card account. If you’re looking to get a credit card, then consider one of the cards below.


Please keep in mind that some credit cards charge an annual fee, so make sure that you check that, as well as the interest rate you’ll be charged, and any other important terms and conditions before you apply for a card.


Let’s take a look at some of the best credit card promotions of 2019.


24. Capital one ventureone rewards card


The capital one ventureone rewards card is a travel credit card. Spend $1,000 on purchases within the first three months of your account opening, and you’ll get 20,000 bonus points.


These points are worth about $200, so this is definitely a great bonus!


25. Capital one savor dining rewards


Savor dining rewards is a rewards credit card from capital one that gives you cashback on dining, entertainment, groceries and other purchases. If you get this credit card, then you’ll get a $500 cash bonus! You just need to spend $3,000 on purchases within the first three months of your account opening.


26. Blue cash everyday card from american express


The blue cash everyday card from american express gives you a $200 bonus. Just spend $1,000 on purchases with the card during the first three months of account opening, and you’ll get $200 in the form of a statement credit.


27. Blue cash preferred from american express


Blue cash preferred from american express is another card that gives you a great bonus, if you meet the requirements for the offer. With this card, if you spend $1,000 on purchases during the first three months, then you get $200 back in the form of a statement credit.


28. Citi aadvantage platinum select world elite mastercard


The citi aadvantage platinum select world elite mastercard gives you 50,000 american airlines aadvantage bonus miles.


You get 40,000 aadvantage bonus miles after you make $2,000 in purchases in the first three months. Then, once you make a total of $6,000 in purchases within 12 months of account opening, you’ll get another 10,000 bonus miles.


You can redeem these miles for free flights – starting at as low as 7,500 points!


29. Citi/aadvantage executive world elite mastercard


This is another card you can use to get free flights! When you spend $5,000 on the card during the first three months of opening your account, you’ll get 50,000 american airlines aadvantage bonus miles, and an admirals club membership.


30. Citi business/ advantage platinum select world mastercard


The citi business/advantage platinum select world mastercard is a business travel credit card. With it, you can get 70,000 american airlines aadvantage bonus miles. You just need to spend $4,000 on purchases during the first four months of account opening.


31. American airlines aadvantage mileup card


American airlines aadvantage mileup card gives you 10,000 american airlines aadvantage bonus miles and a $50 statement credit. Just make $500 worth of purchases during the first three months of your account opening. You can redeem your miles for flights, upgrades to first class, car rentals, hotel stays and vacation packages.


32. Citi thankyou premier credit card


The citi thankyou premier credit card gives you 50,000 bonus points when you make $4,000 worth of purchases with your card. You need to make these purchases within the first three months of your account opening.


33. Citi rewards student card


With the citi rewards student card, you can get 2,500 bonus points when you spend $500 within the first three months of account opening.


34 AT&T access card from citi


The AT&T access card from citi gives you bonus points. You get 10,000 bonus points when you make $1,000 in purchases in the first three months of account opening. This is worth up to $100, depending on how you redeem the points.


35. Expedia rewards card from citi


The expedia rewards card from citi gives you two great bonuses.


You can earn a $50 statement credit after your first eligible expedia purchase that’s greater than $50, within the first three months of account opening.


Also, you can earn 10,000 expedia rewards bonus points when you spend $1,000, within 3 months of account opening.


36. PNC cash rewards visa credit card


The PNC cash rewards visa credit card offers a $100 bonus when you spend $1,000 or more during the first three billing cycles.


37. PNC core visa credit card


The PNC core visa credit card offers a $100 bonus after you spend at least $1,000 on purchases during the first three billing cycles following your account opening.


38. PNC points visa credit card


The PNC points visa credit card gives you 50,000 bonus points when you make $750 in purchases during the first three cycles following your account opening.


39.. Elements visa credit card


This offer is only available to state of indiana employees and their families. Open any elements visa credit card account, and you’ll get $300 cashback value.


The only cards excluded from the offer are the secured credit card and butler university rewards credit card. Also existing elements credit cardholders are not eligible for the bonus.


To get this bonus, you’ll need to complete at least 10 card purchase transactions, totaling at least $1,000, within 90 days of card approval. Once you complete the qualifying activities, you get the bonus as a $300 statement credit. You need to allow four to six weeks to receive the bonus.


Other bank promotions


Above, we’ve listed promotions that you can get for opening savings accounts, checking accounts, and credit card accounts.


But, in this section, we’re going to look at other great bank promotions.


Many of the promotions in this section are available when you open up a checking account and a savings account with the same bank.


So, check out the promotions below, and start earning!


40. U.S. Bank start smart savings program


With the start smart savings program from U.S. Bank, you can get $100 in bonuses!


You need to open a silver checking package with a package money market savings account and enroll in START smart.


You get automatic transfers from your checking account to your savings account


You get a 1% bonus, up to $50 for purchases.


Then you also get a $50 bonus when you reach your savings goal within 12 months of enrollment.


41. Chase savings and checking account


If you open up a chase total checking account, and get the $200 bonus that we mentioned above, and a savings account too, earning you the $150 bonus we mentioned above, then you’ll get a $350 bonus in total.


42. BMO harris bank at work


The BMO harris bank at work bonus is an exclusive offer that’s only available to bank at work and group banking services customers.


You can get a cash bonus of up to $250 when you open qualifying new products and services:



  • Open a new personal checking account, and make qualifying direct deposits, and you’ll get a $100 cash bonus.

  • Get a $50 cash bonus when you also open a new statement savings account, with $1,000 in new money.

  • When you also open a new BMO harris health savings account, you get a $50 cash bonus.

  • Finally, when you sign up for estatements, you can get a $50 cash bonus.



43. Charles schwab


You can get a $100 bonus from chares schwab. Just choose the type of account that you want to open and then after you make your selection, a referral code will automatically be applied.


Then, just follow the onscreen prompts to continue the account opening process – it usually only takes around 10 minutes to open a charles schwab account.


Around 30 days after you’ve opened an eligible account, you’ll receive $100.


To be eligible for this promotion, you must be a new client who doesn’t have an account with the bank, other than a stock plan services account. You must maintain the account for at least a year.


Closing thoughts


There are so many bank promotions out there that can get you extra cash.


Give one of these accounts a try, and give your balance a boost easily!


Share your thoughts cancel reply


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Bank account promotions & bonuses – january 2021


Bank Account Bonuses


Find the best bank account promotions & bonuses for 2020 from the biggest banks in the nation E.G. Wells fargo, chase bank, huntington bank, bank of america, US bank, PNC bank, regions bank, suntrust bank, TD bank, fifth third bank, keybank, capital one, citibank, and many others.


You can find all bank account promotions for personal checking accounts, savings accounts and business accounts to earn high cash promotions for $100, $200, $300, $400, $500, and on up to $1,000. Our list will also consists of online bank promotions available to everyone nationwide such as ally bank, capital one 360, discover, everbank, charles schwab, and more.


Bank account promotions & bonuses 2021


BANK [#BRANCHES]PROMOTIONSreview
chase bank locator
many states - [nearly 4,900]
$300 business
$300 checking
$200 checking
$2,000 private client
$725 you invest
$1,000 sapphire checking
$100 college
$350 checking+savings
$150 savings
review
huntington bank locator
IL, IN, KY, MI, OH, PA, WV - [1,100+]
$750 business
$400 business
$200 business
$500 checking
$200 checking
$150 checking
biz MMA
MMA
review
HSBC
nationwide [online 200+]
$600 premier checking member FDIC
$450 premier checking member FDIC
$240 advance checking member FDIC
$200 advance checking member FDIC
1.01% APY savings member FDIC
terms


About anthony nguyen


Anthony nguyen, founder of hustlermoneyblog.Com, has a passion for finding the best deals, bank promotions, credit card offers, cash back, points & miles, and everything in between. Contact anthony for media/advertising.


Comments


No matter what I do I cant seem required direct deposit for chase. Can someone please help me!


Bank promotion to go for (and easily obtained) in california. Updated sep 1 2019
chase (very easy and no hassle) multiple promos can be used
HSBC (easy)
boa (easy but some hassle)
band of the west (it seems like a wannabe bank. Security issues with them)
wells fargo (easy and wiling to leave past behind)
citibank (easy but fine print little convoluted. Only one promo can be used)
US bank (difficult and insecure). They use a RES (registered envelope service because it is more secure from a third party). That implies their own email is either not secure enough or they pass on the risk to cisco, that runs their RES. AVOID THIS BANK



The best savings account bonus offers and promotions


These savings account promotions reward you with one-time bonuses and great interest rates just for signing up.


Updated jan 14, 2021 . What changed?


We review over 120 savings accounts at the beginning of each month and select those with the highest promotional value, regardless of minimum deposits. We include checking accounts only if there are attached savings account requirements, and we omit bonuses that are only available to a few states.


What’s changed in 2021?


We updated savings bonus offers for citi and bask bank. We added the suze orman ultimate opportunity savings account bonus to our list after it was announced by alliant credit union in january.


6 best savings bonus offers


Here’s a snapshot of the five best savings account bonus offers:


Accountbonus totalminimum depositexpirationmore info
citi priority account$700 bonus$50,000april 1, 2021learn more
citibank® account package$300 bonus$15,000april 1, 2021learn more
chase savings$150 bonus$10,000january 20, 2021learn more
chase private client$2,000 bonus$250,000january 15, 2021learn more
bask bank savings1,000 aadvantage bonus miles$5,000june 30, 2021learn more
suze orman ultimate opportunity savings$100 bonus$0march 31, 2021learn more


Closer look at the best savings accounts bonus offers


Take a closer look at the best savings account promotions by reviewing the fine print of each one:


Citi priority account: $700 bonus



  • Bonus amount: $700

  • Minimum deposit required: $50,000

  • Interest rate: 0.04% to 0.5%, depending on your location

  • Offer rules: open new, qualifying savings and checking accounts as part of the citi priority account package. Within 30 days, deposit at least $50,000 into your combined accounts and keep the amount for 60 consecutive calendar days.

  • Eligibility: available only to new citibank customers.

  • Expiration: bonus available until april 1, 2021.


Citibank® account package: $300 bonus



  • Bonus amount: $300

  • Minimum deposit required: $15,000

  • Interest rate: 0.04% to 0.5%, depending on your location

  • Offer rules: open new, qualifying savings and checking accounts as part of the citibank account package. Within 30 days, deposit at least $15,000 into your combined accounts and keep the amount for 60 consecutive calendar days.

  • Eligibility: available only to new citibank customers.

  • Expiration: bonus available until april 1, 2021.


Chase savings: $150 bonus



  • Bonus amount: $150

  • Minimum deposit required: $10,000

  • Interest rate: 0.01% APY

  • Offer rules: earn $150 when you open a new chase savings account by january 20, 2021, deposit at least $10,000 in new money within the first 20 days and maintain a minimum $10,000 balance for 90 days.

  • Eligibility: not available to existing chase savings customers, or those whose accounts have been closed within 90 days or closed with a negative balance.

  • Expiration: bonus available until january 20, 2021.


Chase private client: $2,000 bonus



  • Bonus amount: $2,000

  • Minimum deposit required: $250,000

  • Interest rate: 0.01%

  • Offer rules: join chase private client and transfer at least $250,000 in new money to eligible savings, checking or investment accounts within 45 days of account opening. Finally, keep an average daily balance of at least $250,000 in your accounts for at least 90 days.

  • Eligibility: available only to existing chase customers.

  • Expiration: bonus available until january 15, 2021.


Bask bank savings: 1,000 aadvantage bonus miles



  • Bonus amount: 1,000 aadvantage miles

  • Minimum deposit required: $5,000

  • Interest rate: earn 1 aadvantage mile for every $1 saved

  • Offer rules: open a new bask bank savings account before june 30, 2021. Within 30 days, deposit at least $5,000 into the account and maintain that balance for at least 90 days. The bonus miles will be awarded within 10 days of meeting requirements and may take six to eight weeks to post to your aadvantage account.

  • Eligibility: available to new bask bank customers only.

  • Expiration: bonus available until june 30, 2021.



Suze orman ultimate opportunity savings account: $100 bonus



  • Bonus amount: $100

  • Minimum deposit required: $0

  • Interest rate: 0.55%

  • Offer rules: open an alliant savings account by march 31, 2021, and receive a $100 bonus when you transfer at least $100 a month into the account for 12 consecutive months. Account must have a $100 daily minimum balance and a $1,200 minimum balance after 12 months to qualify.

  • Eligibility: available to new alliant credit union members only.

  • Expiration: bonus available until march 31, 2021.


How to choose the best savings account bonus


When combing through savings account promotions, dig beyond the surface and look at the actual account details. Because once the introductory offer expires, you don’t want to be stuck with an account you don’t like. Here are some factors to consider:



  • Bonus requirements. The best savings account bonuses typically have deposit requirements of at least $10,000. You may also need to keep your money in your account for a certain period of time. Make sure you can easily meet these requirements before you open an account.

  • High introductory rate. Look for an account with a high introductory interest rate that lasts for a longer period of time.

  • Low minimum opening balance. Check to see how much money you need to open the account — and if there’s a minimum ongoing balance that needs to be maintained. If you’re just starting out as a new saver, you probably don’t want a high minimum.

  • Little or no fees. Some banks have monthly fees or will charge you if your account balance dips too low. Look for a fee-free account, especially if you can’t keep a high minimum balance.

  • High regular rate. After the introductory period is over, your account will drop down to the bank’s regular rate. Don’t get so caught up in flashy offers for new accounts that you choose one with a rock-bottom regular rate.



How do savings account bonus offers work?


Banks attract new customers by offering signup bonuses for checking and savings accounts when you open them online. Requirements vary by bank, but you’ll usually need to set up direct deposit or transfer a minimum amount of money into the account by a certain date to meet the requirements. The promotion is deposited into your account typically within 90 days.


What are the pros and cons of a savings account signup bonus?


Weigh these benefits and drawbacks before opening an account with a promotion or offer:



  • Motivation to save. Receiving a signup bonus could be the motivation you’ve always needed to finally start saving.

  • Could get more interest. The boost in interest offered as an introductory rate is a good incentive to put as much as you can into a savings account in the first few months.



  • Limited time only. After the introductory period, you’ll lose your bonus or the account will revert to a lower, standard variable rate.

  • You don’t usually get signup bonuses right away. Many banks require you to have your account open for a specified period of time before they give you your signup bonus. This prevents people from opening several accounts in one day just for the cash and then closing them the next day.


What is an introductory rate?


An introductory interest rate is a higher interest rate offered on a savings account that’s only available for a couple of months. It’s a good practice to regularly compare your savings account options to ensure you’re always getting the highest rate.


always get highest rate


What’s a loyalty bonus?


A loyalty bonus is any sort of extra perk that a financial institution offers customers who have several different account types, large balances or a long history with the bank. They can apply to savings accounts, checking accounts, cds, credit cards and even loans. Bundling together multiple financial products and linking your accounts at the same bank is one of the most common ways to score a bonus.


Bottom line


An introductory offer can be the motivational boost you need to start saving. When you’re ready to open an account, take advantage of any bonuses available — but make sure it’s an account that you’ll still want when the intro period ends.


Compare even more savings accounts with signup bonuses


Use this table to compare savings accounts with sign-up offers and promotions.





So, let's see, what we have: if you have extra cash that you’re looking to invest, brokerages are looking to reward new clients with attractive bonuses. Are you happy with your current broker or is it time for a change? Here are some of the best brokerage account bonuses. At account opening bonus

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