Bank account sign up bonuses are a great incentive for customers who want to park their cash to take care of increasing savings rates right now from The Fed. In order to get the highest payouts, you may have to put up a larger sum of money, or keep it in the account for a longer period of time. Here’s a round-up of some of the most recent bank account sign-up bonus offers to see if one of them is right for you.
Citi: Earn up to $5,000 Bonus
Understandably most will not have a cool $2 million laying around to take full advantage of this offer, but the good news is the offer is tiered and you can still earn a bonus on lower deposits starting at $10,000. In order to get the maximum $5,000 bonus, you’ll need to deposit the full $2 million. Then you’ll have your payment after just 30 days when you open a qualifying account during this promotion. You can earn with a lesser deposit too. $100,000 deposited can earn a bonus of $400 and still within just 30 days. You can keep the bonus and have no obligation to keep the account further if you don’t want to.
PNC: Earn up to $400 and 4% APY
PNC’s Virtual Wallet Checking Pro account has zero fees and does not require an opening deposit. This combination product has a generous 4% savings rate on your balance, and has the functionality of a checking and savings account all in one. You’ll have access to a network of 60,000 ATM’s cross country where you can access your account fee-free. This is made possible with re4imbursements of up to $10 per ATM transaction to cover fees. You earn the $400 when you establish a qualifying direct deposit totaling $5,000 or more in the first 60 days.
SoFi: Earn up to $250 plus 3.5% APY
Although technically a checking account, SoFi has a product with such a generous interest rate that it rivals many savings accounts out there. SoFi has an excellent offer which combines a healthy bonus with a great interest rate. Setting up direct deposit of $5,000 over the 25-day evaluation period and you are on your way to qualifying for this offer. Best of all, SoFi has no minimum deposit, no minimum account balance, and no monthly maintenance fees. SoFi has invested a lot of money into their technology, so their app and mobile banking features are some of the best in the industry.
Discover Bank: Earn up to $200 Bonus
With a Discover Online Savings Account, enjoy a simple account with no monthly fees, no Insufficient funds fees, and no minimum deposit, as well as host of other fees that you will find are absent. When you deposit of $25,000 you can earn up to $200 bonus, plus an annual percentage yield of 3.3%.
TD Bank: Earn up to $200 Bonus
Especially famous in the northeast, TD Bank branches can also be found down the eastern seaboard, and in parts of the southeast. With a deposit of $10,000 to your savings account you can earn a $200 bonus on top of the interest you’ll earn on the principal. You can also earn an additional $300 if you simultaneously signup for a checking account and make a direct deposit of $500 within 60 days.
HSBC: Earn up to $500 Bonus
HSBC has an offer for earning up to $500 as a welcome bonus when you sign up for a new personal checking account. You’ll have to make a recurring Qualifying Direct Deposits totaling at least $10,000 per month, for 3 months in order to qualify. If you meet certain requirements for a “HSBC Premier relationship” you can also see the $50 monthly fee waived. You will also need to be 18 years of age, have a valid social security number, a US mobile number, and be a current US resident over the last year. As with many others, you will be able to get reduced or waived ATM fees.
Citi: Earn up to $2,000
Citi has some impressive bonus offers from $200 to $2,000 largely depending on how much you can deposit with new funds. (New funds are generally funds outside of a Citi institution.) For your business at the highest (CitiGold) level, Citi will add on complimentary investment advice, $200 back in streaming services annually, and a dedicated concierge. If you maintain a specified minimum balance, you can enjoy no monthly fees. See Citi’s website for more details.
Chase: Earn up to $2,000
If you have a cool $250,000 laying around in “new money” in securities at non-Chase accounts, you can take advantage of this generous offer. With a Chase Private Client Checking account, enjoy higher account limits, lower fees, dedicated service teams and Invitation-only events like family experiences, culinary demonstrations and thought leadership events featuring financial industry experts. See Chase’s website for more details.
In Conclusion
With some elbow grease and searching for the best bonus offers, you can start to rack up hundreds of dollars in benefits. Be sure to investigate sign-up offers for credit cards as well when you are going through the new account process.