Bank Deals Blog: Bank Bonuses and Promotions

As DA reader, RZ, noted in a Forum post last week, Chicago-based CIBC Bank USA (CIBC) is offering a cash bonus of $250 or $500 to both new and existing Agility Savings account customer, with a limit of one bonus per primary account owner Tax ID. A brief synopsis of this bonus appears...

Following a recent 46-bps increase, the Republic Bank of Chicago (Republic Bank) Digital Money Market (DMM) is again offering one of the most competitive Money Market APYs in the country. Added to Republic Bank’s product line slightly more than a year ago, the DMM currently earns 5.21% APY. The minimum opening deposit is $2.5k of new money, defined as...

Following a slight rate increase this week, the Republic Bank of Chicago (Republic Bank) Digital Money Market (DMM) is once again offering one of the most competitive Money Market APYs in the country. Added to Republic Bank’s product line nearly nine months ago, the DMM currently earns 4.60% APY. The minimum opening deposit is $2.5k of new money, defined...

I first reported on this $200 bonus offer in 2021, and it continues to be a decent deal that can be done without direct deposit. SouthState Bank is offering a $200 bonus for opening a new personal checking account (in-branch or online) and completing two of three requirements (debit card purchases plus preauthorized automatic draft OR direct deposit) within 60 calendar days of...

Now through February 15, 2023, 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. At least $10k of the new funds, plus the account balance at the time of enrollment, must be maintained for 90...

A few online banks have coupled rate hikes with new-money bonuses to attract more deposits. Capital One has long been one of these banks, but last week it upped the ante with an unusually large rate hike. That rate hike makes Capital One’s current bonus offer especially attractive for those who don’t have a Capital...

Good news – the long-running Online Savings bonus offered by Discover continues to be available.

Better news – the previous $150/$200 bonus has been significantly improved: $150 or $450. (This is the first time the upper-end bonus has been greater than $200.) The current promotion runs through November 8, 2022 and is available to new customers only: existing or prior Discover savings...