Earn Up To $300 In Bonuses At Cornerstone Bank (GA)
Now through June 30, 2017, Cornerstone Bank is offering a $200 bonus when opening a new Cornerstone Free Checking and a $100 bonus when opening a new Cornerstone Savings account. New Cornerstone Free Checking and Savings account customers are eligible for both bonuses.
$200 Checking Bonus
- Open a new Cornerstone Free Checking account with a minimum $100 deposit.
- Have a Direct Deposit (electronic deposit of paycheck, pension, or government benefits) within 60 days of account opening.
- Enroll in Cornerstone Online Banking and activate Online Bill Pay.
- Bonus will deposited within 30 business days of fulfilling the above requirements.
- Not available to existing Cornerstone Bank checking customers, or those who have closed a Cornerstone Bank checking account within the last 90 days, or have closed a checking account with a negative balance.
- If the new checking account is closed within six months of opening, the bonus will be deducted from the account.
As the name would suggest, the Cornerstone Free Checking account has no monthly service fee. The account offers unlimited check writing and three free non-Cornerstone Bank ATM withdrawals per statement cycle.
$100 Savings Bonus
- Open a new Cornerstone Savings account.
- Within 10 business days of account opening, deposit a minimum of $5k of new money.
- Maintain a minimum $5k balance for 90 days from date of deposit.
- Bonus will deposited within 30 business days of fulfilling the above requirements.
- Not available to existing Cornerstone Bank savings customers, or those who have closed a Cornerstone Bank savings account within the last 90 days, or have closed a savings account with a negative balance.
- If the new savings account is closed within six months of opening, the bonus will be deducted from the account.
The Cornerstone Savings account currently earns 0.25% APY on all balances. The $10 monthly service fee will be waived if a minimum daily balance of $300 is maintained in the Cornerstone Savings account and a Cornerstone Free Checking account is linked to the savings account. There is a $3 for each withdrawal/transfer over the allowed six per monthly statement cycle.
Complete details can be found on the promotion page.
Availability
Headquartered in Atlanta’s Buckhead district, Cornerstone Bank’s market area includes the greater Atlanta metropolitan area.
Applying for either or both bonuses can be done at any of the three Georgia branches located in Atlanta (Buckhead), Decatur, and Sandy Springs. Cornerstone Bank’s online banking platform is currently dedicated to account management and bill payment services.
Bank Overview
Cornerstone Bank has an overall health grade of "C" at DepositAccounts.com, with a Texas Ratio of 69.16% (below average), based on December 31, 2016 data. In the past year, Cornerstone Bank decreased its total non-brokered deposits by -$322k, an average annual growth rate of -0.16%. Please refer to our financial overview of Cornerstone Bank (FDIC Certificate # 35027) for more details.
Founded in 2001 by some of Atlanta’s top business leaders, Cornerstone Bank's original target audience was Atlanta’s small businesses, professionals, and the real estate community. In 16 years, Cornerstone Bank has grown to become Georgia’s 60th largest bank, with assets in excess of $243 million.
How the $100 Savings Bonus Compares
Assuming a 6-month timeline to avoid having the bonus deducted,
- $5k for 6 months in a Cornerstone Savings account = $100 bonus + $3.73 interest
- $5k for 6 months in a savings account earning 1.25% = $31.15 interest
Other Bank Promotions and Bonuses
Not eligible for Cornerstone Bank’s bonuses? Check out my latest bank and credit union bonus blog posts to find other promotions. In addition, DepositAccounts.com readers and I also post often on bonuses in the Bank Promotions Forum.
The above rates are accurate as of 4/29/2017.
