Compare savings accounts with bank loyalty programs | finder.com

Compare savings accounts with bank loyalty programs

Get something extra for being a loyal customer.

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Some banks offer extra perks to loyal customers in the form of rewards points, better interest rates and waived fees, enticing people to keep all their accounts at the same institution. But for a loyalty program to be worth it, it needs to be attached to an account you want to keep.

Compare savings accounts with loyalty programs

Name Product Fee Minimum deposit to open Rewards Intro or bonus offer APY
$0
$0
2.30%
No Fees. No Minimum Balance. FDIC Insured
$0
$5
Alliant Credit Union will pay the $5 initial deposit
2.10%
An Alliant Kids Savings Account is the perfect teaching tool on how to set savings goals.
Sallie Mae High-Yield Savings
Sallie Mae High-Yield Savings
$0
$0
2.10%
It's a high-yield savings account with no minimum balance or monthly fees
$0
$0
2.00% on balances of $10,000+
0.85% on balances of $0 to $9,999.99
A high-interest, fee-free online bank account that helps you save.
$0
$5,000
2.00% on balances of $100,000 to $10,000,000
1.75% on balances of $50,000 to $99,999.99
1.65% on balances of $25,000 to $49,999.99
Get the money market account that can help you save toward important financial and life goals, while providing many other perks along the way.
$0
$1
1.90%
The modern way to reach your savings goals and to live a better life – purely. Zero fees. Zero fuss.

Compare up to 4 providers

What’s a loyalty bonus?

A loyalty bonus is any sort of extra perk that a financial institution offers customers who have several different account types, large balances or a long history with the bank. They can apply to savings accounts, checking accounts, CDs, credit cards and even loans. Bundling together multiple financial products and linking your accounts at the same bank is one of the most common ways to score a bonus.

Some savings accounts will give you rewards when you deposit money, link a checking account or just choose the right bank.

Bank of America Rewards Savings

This savings account comes with special offers when you link it to a Bank of America checking account, including:

  • Tiered savings accounts that let you earn higher interest rates as your balance grows
  • Up to 15% cash back on select purchases deposited into your savings account

Portfolio by Wells Fargo

This program includes checking and savings accounts. It comes with a $30 monthly fee, which can be waived if you meet certain deposit thresholds.

  • Bonus interest rates on CDs, savings accounts and select IRAs
  • Interest rate discounts on new loans and lines of credit
  • Access to the Wells Fargo Premier Banking TeamSM 24/7

Citi Accelerate Savings

Link your Citibank savings and checking accounts to get the most rewards, including:

  • Tiered savings accounts that let you earn higher interest rates as your balance grows
  • Citi ThankYou® Points when using your linked checking account

Bottom line

Opening multiple accounts with the same bank can score you loyalty bonuses to help you save. But before opening an account just for the bonus, compare other options to make sure it’s the best fit for you.

Frequently asked questions

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