Savings Account Promotions

The following banks with large branch networks are offering cash promotions for new account holders. Some smaller banks or credit unions near you may also be offering their own promotions or matching these promotions.


Major Banks Offering Savings Promotions - Jun 21, 2018


Chase Savings Account

Find Chase branches near you.

Rate Information: 0.01% APY on all balances.

Promotions:

  • Get a $150 bonus when you open a new Chase Savings account good through July 16, 2018. To earn the bonus, deposit a total of $10,000 or more in new money within 10 days & maintain a $10,000 balance for 90 days.
  • Chase sends postcards offering certain target customers a higher bonus. Residents of Florida and Massachusetts routinely get postcards offering this same promotion with either a $300 bonus or a $500 bonus. Residents of certain zip codes in New York City (10021, 10023, 10024, 10028, 10128) and Los Angeles (90272, 90027. 90028 and 90038) may be targeted for a $600 bonus.
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Availability: AZ, CA, CO, CT, DC, FL, GA, ID, IL, IN, KY, LA, MA, MI, NJ, NV, NY, OH, OK, OR, PA, TX, UT, WA, WI, WV.

Cons:

  • Chase Savings Account charges monthly fees including a $5 monthly fee, but it can be easily waived with a $300 daily balance. Chase also charges domestic wire fees, overdraft fees, and a statement fee of $6 per statement if you receive a paper statement.
  • Chase charges $2.50 for any inquiries, transfers or withdrawals while using a non-Chase ATM in the U.S., OR $5 per withdrawal and $2.50 for any transfers or inquiries at ATMs outside the U.S.
  • The interest rate on Chase accounts is just 0.01% as of May 2018.
  • Bonuses are available to new Chase customers only.

Bank of America Savings Account

Find Bank of America branches near you.

Rate Information: 0.03% APY on all balances.

Promotions:

  • Get a $500 bonus when you deposit $100,000 in a Bank of America Savings account good through May 31, 2018. To earn the bonus, you must open an account on or before that date, deposit a total of $100,000 or more in new money within 30 days & maintain a $100,000 balance for 90 days.

Availability: In Illinois: Cook, DuPage, Kane, Lake, McHenry, Will, Winnebago Counties. In Kansas: Johnson, Wyandotte Counties. In Missouri: Cass, Clay, Jackson, Platte

Cons:

  • Bank of America Savings Account charges monthly fees including a $5 monthly fee, but it can be easily waived with a $300 daily balance. Chase also charges domestic wire fees, overdraft fees, and a statement fees if you receive a paper statement.
  • Bank of America charges for inquiries, transfers or withdrawals while using a non-bank ATMs
  • The interest rate on Chase accounts is just 0.03% as of May 2018.
  • Bonuses are only available new money not deemed to have been previously held at Bank of America, Merrill Lynch or Merrill Edge (but money is fungible!).