Compare savings accounts with signup bonuses

You can be rewarded with cash and great interest rates just for signing up.

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Savings accounts with signup bonuses are geared toward savers looking to open a new account. While signup bonuses offer a nice financial boost, they are short-term offers. If you get too caught up on the deal, you may forget to think about the fine print and the account as a whole. We’ve analyzed and reviewed over 45 accounts to bring you the best savings accounts with sign up bonuses keeping in mind the account you’re left with once the offer expires.

5 best savings accounts with signup bonuses

The best savings account bonuses typically have deposit requirements of at least $10,000. You’ll also need to keep your money in your account for a certain period of time. However, your reward can be a nice chunk of change and a budding relationship with a new bank.

Chase Private Client: $2,000 bonus

  • Bonus amount: $2,000
  • Minimum deposit required: $250,000
  • Interest rate: 0.01%
  • Offer rules: Upgrade your existing Chase account to Chase Private Client by meeting with a Private Client Banker by March 6, 2020. Then, transfer at least $250,000 in new money to eligible savings, checking or investment accounts within 45 days of account opening. Finally, keep an average daily balance of at least $250,000 in your accounts for at least 90 days.
  • Eligibility: Available only to existing Chase customers.
  • Expiration: Bonus available until March 6, 2020.

Associated Bank: Up to $500 bonus

  • Bonus amount: $400 to $500
  • Minimum deposit required: $25,000
  • Interest rate: 0.10% to 1.3% APY (preferred rate with checking account; rate depends on minimum daily balance)
  • Offer rules: For the $400 bonus, open an Associated Choice Checking account and deposit at least $100. Then make at least three payments with Associated Bank Online Bill Pay. Alternatively, make a direct deposit of at least $300 within the first 45 days. In addition to meeting checking account requirements, open an Associated Relationship Savings account and deposit at least $25,000. Finally, keep at least $25,000 in your combined accounts for 90 days. Earn $100 more (for a total of $500) when you open an American Express Premier Rewards Credit Card and spend at least $1,000 within your first three months.
  • Eligibility: Available only to new Associated Relationship Savings and Associated Choice Checking customers. Colleagues of Associated Bank are ineligible.
  • Expiration: Bonus available until August 31, 2020.

Capital One 360 Performance Savings: Up to $500 bonus

  • Bonus amount: $100 to $500
  • Minimum deposit required: $10,000 to $50,000
  • Interest rate: 1.7% APY
  • Offer rules: Open a new 360 Performance Savings account by March 31, 2020, using promo code NEW500. Deposit the minimum amount within 10 days of account opening. $10,000 for $100 bonus; $20,000 for $200 bonus; $30,000 for $300 bonus; $40,000 for $400 bonus; and $50,000 for $500 bonus. Then, maintain that daily average balance for at least 90 days.
  • Eligibility: Not available to those who opened a Capital One savings or money market account on or after January 1, 2016.
  • Expiration: Bonus available until March 31, 2020.

Citi Priority Account: $700 bonus

  • Bonus amount: $700
  • Minimum deposit required: $50,000
  • Interest rate: 0.04% to 1.85%, depending on your location
  • Offer rules: Open new, qualifying savings and checking accounts as part of the Citi Priority Account Package. Within 30 days, deposit at least $50,000 into your combined accounts and keep the amount for 60 consecutive calendar days.
  • Eligibility: Available only to new Citibank customers.
  • Expiration: Bonus available until March 31, 2020.

Citibank Account Package: $500 bonus

  • Bonus amount: $500
  • Minimum deposit required: $15,000
  • Interest rate: 0.04% to 1.85%, depending on your location
  • Offer rules: Open new, qualifying savings and checking accounts as part of the Citibank Account Package. Within 30 days, deposit at least $15,000 into your combined accounts and keep the amount for 60 consecutive calendar days.
  • Eligibility: Available only to new Citibank customers.
  • Expiration: Bonus available until March 31, 2020.

How we chose the best accounts

We compared over 40 bonus offers from various financial institutions, selecting bonuses with the highest value regardless of minimum deposits. We included checking accounts only if they had attached savings account requirements. If bonuses were available in only a few states, they were omitted.

What’s changed in 2020?

Many savings account bonuses changed for 2020. The Citibank Account Package bonus was $400 in 2019 but it’s now $500. Associated Bank’s bonus used to be $400 but you can now earn up to $500. We also removed the popular $150 to $200 Discover Online Savings bonus to make room for a higher savings account bonus from Capital One.

Compare savings accounts with signup bonuses

Name Product Fee Minimum deposit to open Rewards Intro or bonus offer APY
Chase Savings
$5 per month
(can be waived)
$0
Get a $150 bonus when you open a new account, deposit $10,000 or more in new money within 20 business days and maintain a $10,000 balance for 90 days. Or get $350 when you also open a Chase Total Checking account. Offer valid through April 20, 2020.
0.01%
Get a $150 bonus when you open a new Chase Savings account, deposit a total of $10,000 or more in new money within 20 business days and maintain a $10,000 balance for 90 days. Or get $350 when you open both a Chase Savings and Chase Total Checking account. Available online nationwide except in Alaska, Hawaii and Puerto Rico.
Betterment Everyday Cash Reserve
$0
$10
1.78% APY if you join the waitlist for Betterment Everyday Checking, otherwise 1.53%
1.78%
This savings account has no account and overdraft fees, plus it requires no minimum balance.
Huntington Relationship Money Market
$25 per month
(can be waived)
$25,000
0.30% on balances of $25,000 to $2,000,000.99 with private client account
0.25% on balances of $25,000+
This money market account includes an ATM card and a 24-hour overdraft grace period.
U.S. Bank Standard Savings Account
$4 per month
(can be waived)
$25
0.01%
This standard personal savings account allows low balances — but don’t expect a high APY.
Alliant High-Rate Savings
$1 per month
(can be waived)
$5
$5 opening deposit is paid for you
1.60%
This savings account offers a competitive APY with a low initial deposit and no maximum balance or maintenance fees.
Digit
$2.99 per month
(can be waived)
$0
When you save for three consecutive months, your account is rewarded with a 1% annualized savings bonus.
1.00%
Digit analyzes your spending and automatically saves an appropriate amount every day so you don't have to think about it.

Compare up to 4 providers

What is an introductory rate?

An introductory interest rate is a higher interest rate offered on a savings account that’s only available for a couple of months. It’s a good practice to regularly compare your savings account options to ensure you’re always getting the highest rate.

always get highest rate

What features should I look for when comparing savings accounts?

  • Introductory rate. Look for an account with a high introductory interest rate that lasts for a longer period of time.
  • Minimum opening balance. Check to see how much money you need to open the account — and if there’s a minimum ongoing balance that needs to be maintained. If you’re just starting out as a new saver, you probably don’t want a high minimum.
  • Little or no fees. Some banks have monthly fees or will charge you if your account balance dips too low. Look for a fee-free account, especially if you can’t keep a high minimum balance.
  • The regular rate. After the introductory period is over, your account will drop down to the bank’s regular rate. Don’t get so caught up in flashy offers for new accounts that you choose one with a rock-bottom regular rate.
  • Signup bonuses. Some banks will offer a signup bonus of a set amount of money just for opening a new account.

What are the pros and cons of opening an introductory savings account?

Pros

  • You can finally start that savings plan. Receiving a signup bonus could be the motivation you’ve always needed to finally start saving.
  • You get more interest. The boost in interest offered as an introductory rate is a good incentive to put as much as you can into a savings account in the first few months.
  • It usually offers 24/7, flexible access. Unlike a certificate of deposit or a savings bond, a savings account usually allows you to deposit and withdraw money regularly, so you’re safe against unexpected expenses. Keep in mind that most savings accounts won’t let you withdraw more than six times per month.
  • There’s a low minimum balance. Unlike CDs and bonds, you can start your savings account with a low balance and add to it each month.

Cons

  • The introductory rate only lasts for a limited time. After the introductory period, the account will revert to a lower, standard variable rate.
  • You don’t usually get signup bonuses right away. Many banks require you to have your account open for a specified period of time before they give you your signup bonus. This prevents people from opening several accounts in one day just for the cash and then closing them the next day.
  • Easy access to your money makes it easy to spend. If you have trouble keeping your hands off your savings, a traditional savings account might not be the best option.
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Bottom line

An introductory offer can be the motivational boost you need to start saving. When you’re ready to open an account, take advantage of any bonuses available — but make sure it’s an account that you’ll still want when the intro period ends.

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