Did you know that you might be able to earn a cash bonus of up to $500 just by opening a new savings account? Signing up now won’t only give you an attractive bonus, but also give you a better interest rate. That’s why it’s always best to shop around for different deals and promotions.
Savings account sign-up bonuses give you hundreds of dollars but also give you the freedom to take your money back and move on or benefit from a better interest rate if you decide to stay. Here are some of the best savings accounts for high interest rates and large cash bonuses.
Discover Online Savings Account
Opening a Discover Online Savings Account will make you eligible for a bonus of $150 or $200. [1] All you have to do is make a deposit of $15,000 or $20,000. However, only customers new to the Discover Savings offer are eligible. Besides the bonus, you can earn more money on your balance thanks to a 2.1% interest per year.
Capital One 360 Savings Account
The Capital One 360 Savings account [2] can net you a bonus between 25$ and 100$. Each new customer that places a minimum of $250 into their account is qualified, but you can only take the bonus out once 30 days pass.
In addition to that, you get a 1% APY variable interest rate and the chance to earn more money through referrals. If you can refer 50 people who open a Capital One account, you can earn a $1,000 bonus.
Citibank Account Checking and Savings Account Package
If you open a checking and savings account with Citibank or an Account Package, you can earn a $500 bonus. [3] To win the bonus, you have to place $15,000 in your account and keep that balance for 60 days and add a direct deposit to get the whole bonus.
There are also no monthly fees to pay if you maintain the minimum monthly balance mandated by Citibank. Those who qualify can also get an APY interest rate of up to 2.15% which will help grow your savings even more
Earn Big Sign-Up Bonuses by Opening a New Savings Account
It’s not enough to just save money; you also have to manage it the right way. This includes considering different sign-up offers and promotions on new savings accounts from a variety of banks. After all, they might offer vastly different interest rates and bonuses.
However, before rushing in to grab a sign-up bonus, you have to make sure that you understand all the requirements, fees, and possible penalties. If you’re not careful and close your account too soon, or forget to follow deposit requirements, you could lose out on a bonus instead of making your money work for you.
Finally, the easiest place to search for savings accounts with bonuses and high-interest rates is online. It’s quick, it’s easy, and you can compare multiple offers before choosing one.
[1] https://www.discover.com/online-banking/savings-account/
[2] https://www.capitalone.com/bank/referred-by-friend/?save=mHxPYXmvN8$U