Ken Tumin founded the Bank Deals Blog in 2005 and has been passionately covering the best deposit deals ever since. He is frequently referenced by The New York Times, The Wall Street Journal, and other publications as a top expert, but he is first and foremost a fellow deal seeker and member of the wonderful community of savers that frequents DepositAccounts.
POSTED ON WEDNESDAY, FEBRUARY 10, 2021 BY KEN TUMIN
UPDATE 2/16/2021: This $150 promotion expired early and is no longer available. However, the $125 promotion is still active.
Deal Summary: $150 bonus for depositing at least $75k in a new Ponce Bank savings account via SaveBetter.com. Expires 2/28/2021.
Last week I introduced the new online savings marketplace called SaveBetter. As I mentioned in the SaveBetter review, this new marketplace has potential, but the current products are disappointing. The main reason now to give this marketplace a try is the new account bonus being offered. One...
Availability: Available in CT, DC, DE, FL, ME, MD, MA, NH, NJ, NY, NC, PA, RI, SC, VA, and VT.
Now through March 31, 2021, TD Bank is offering a $200 bonus when opening a new TD Beyond Savings or TD Simple Savings account, depositing at least $20k of new money (not currently held in a TD Bank retail deposit account) within 20 calendar days of account opening, and maintaining a minimum...
Deal Summary: $100 bonus when depositing at least $100 a month for 12 consecutive months in a new The Ultimate Opportunity Savings Account, now through March 31, 2021.
Availability: Easy membership requirement
Now through March 31, 2021, Alliant Credit Union (Alliant) is offering a $100 bonus when opening a new The Ultimate Opportunity Savings Account. In the past, I wouldn’t have paid much attention to a $100 bonus, but bonuses are more attractive now that rates on liquid accounts and CDs are so low.
Deal Summary: $100 bonus when depositing at least $10k of new funds in a new or existing Online Savings Account.
Now through February 12, 2021, Marcus by Goldman Sachs (Marcus) is offering a $100 bonus when depositing $10k or more of new money in a new or existing Online Savings Account. The new funds must be deposited within 10 days of enrollment. Those new funds, plus the account balance at the time of enrollment, must be maintained for 90 days. Enrollment must be done by...
Availability: Field of membership includes eight Kansas and three Missouri counties.
Added to the product line less than two months ago, CommunityAmerica Credit Union’s (CommunityAmerica) 14-month Share Certificate currently earns 1.00% APY. The minimum opening deposit is $500, with no stated balance cap.
The 14-month Share Certificate is also available as an IRA Share Certificate (Traditional, Roth, CESA), earning the same APY with the same deposit requirements.
Deal Summary: $100 bonus for opening a new 360 Checking account.
Availability: Nationwide through online application.
As we’ve started to experience record low interest rates, bank bonuses are becoming more attractive as an alternative to earning interest. This new checking account bonus from Capital One is much smaller than the savings account bonus Capital One offered earlier this year, but it's an easy bonus in which you can earn $100 without a large funding amount or direct deposit.
Now through October 20, 2020, Capital One is offering a bonus of...
Deal Summary: $150 checking bonus available now through August 16, 2020.
Availability UPDATE: 7/23/2020 - Easy membership requirement within “footprint.” Details in Availability section below.
Now through August 16, 2020, Minnesota-based TruStone Financial Credit Union (TruStone Financial) is offering a $150 cash bonus on new checking accounts. TruStone Financial offers three different checking accounts, including a rewards checking account, and all three are eligible for the bonus.
$150 Bonus Requirements
Qualifying for the cash back bonus is dependent on completing two requirements within 45 days of account opening:
Deal Summary: $200 bonus when opening a Perks+ Checking Account online, between now and August 31, 2020. Requires six debit card transactions and direct deposit totaling at least $1k per statement cycle.
Availability: Easy membership requirement for George residents.
Now through August 31, 2020, Georgia’s Own Credit Union (Georgia’s Own) is offering a $200 bonus when opening a Perks+ Checking Account online. Bonuses like the one offered by Georgia’s Own have become more attractive, now that interest rates have fallen to such low levels.
Deal Summary: $200 bonus for opening the Access America Checking, depositing at least $1,200, and making at least 5 debit card purchases within 90 days.
Availability: Easy membership requirement
PenFed Credit Union (PenFed) used to offer very competitive CD rates. My last post was in early 2019 when its 5-year CD yield was over 3%. Unfortunately, PenFed’s CD rates have been uncompetitive for some time, with rates much lower than what online banks are offering. However, there is another reason for me to write about PenFed. The Credit Union is...
Deal Summary: Checking account bonus of up to $400, requirements include $500 direct deposit, $15k balance to avoid monthly fees.
Availability: Parts of Illinois, Indiana, Ohio and Michigan
With interest rates falling, bank bonuses can be a way to offset the loss of interest earnings. New account bonuses do require some work and the accounts are rarely something that you’ll want for the long term. Nevertheless, a bonus in which you can earn a few hundred dollars can be worthwhile in today’s environment.