The consumer banking industry is fiercely competitive, prompting banks of all sizes to devise innovative ways to attract new customers. One highly effective strategy involves offering cash incentives to entice new savings account customers. While these sign-up bonuses come with eligibility requirements, they present a golden opportunity for individuals looking to kickstart their savings. Here are five outstanding savings account sign-up bonuses currently available:
- Discover: Grab an Extra $200
- New online savings account customers at Discover can seize a $200 bonus.
- Qualify for a $150 bonus by depositing a minimum of $15,000 within 30 days of opening the account.
- Deposit at least $25,000 within the same timeframe to earn a $200 sign-up bonus.
- PNC: Pad Your Virtual Wallet with Up to $400
- PNC Bank offers qualifying new customers up to $400 in sign-up bonuses.
- Open a PNC Bank Virtual Wallet Account and receive at least $5,000 in combined qualifying direct deposits within 60 days to qualify for a $400 bonus.
- Those unable to meet the $5,000 threshold can still enjoy a $200 bonus with $2,000 in qualifying direct deposits.
- Chase: Chase an Extra $600
- Chase has ramped up its new customer acquisition incentives.
- Open a new Chase Savings account, deposit $15,000 or more within 30 days, and maintain a $15,000 balance for 90 days to receive a $200 bonus.
- New checking account sign-ups can earn an additional $300 bonus, and combining both accounts makes you eligible for a $600 bonus.
- SoFi: Earn up to $300
- SoFi, known for its online banking services, offers eligible customers up to $300.
- Sign up for a SoFi Checking and Savings account, set up direct deposits, and complete $5,000 or more in direct deposits within 30 days to receive a $300 bonus.
- Deposits ranging from $2,000 to $5,000 within the same period earn new customers a $100 bonus.
- TD: Top Off Your Savings with an Extra $200
- New TD Savings account sign-ups may qualify for a $200 bonus.
- Open a new TD Signature Savings account or a TD Simple Savings Account, deposit a minimum of $10,000 within 20 days, and maintain a $10,000 balance for 90 days to earn the bonus.
- TD waives the monthly maintenance fee with a minimum balance of $10,000, making it an attractive option for eligible customers.
Conclusion: Embrace the ease of boosting your savings with these enticing sign-up bonuses. Online banking has simplified the process, allowing you to secure substantial bonuses with just a few clicks. Keep in mind that these bonuses are time-sensitive, and the terms may change, so act promptly to make the most of these attractive incentives. Whether you’re ready to make a move or just exploring options, the potential for a significant cash boost is always within reach.
