Banks nationwide are giving out stacks of free cash. To get your piece of the pie this summer, you’ll need to open a new checking or savings account.
Shopping around for a bank account is never fun. But if you could walk away with an extra $200 or $300, it could be worth your while. With interest rates on the rise, this is a great time to look for banks paying higher yields.
Best savings account bonus
Chase Bank: $150, $225 or $300 bonus
If you open a savings account in a Chase branch by Aug. 6 (and present a printed email with a code), you can earn $300. You must deposit $25,000 within 20 business days and maintain that balance for 90 days. Another deal that expires on Aug. 6 offers $225 to new Chase savings customers who deposit $15,000.
If you have at least $10,000 to stick into a savings account, you can earn $150 for maintaining that balance for 90 days. When combined with the $200 Total Checking account bonus, you’ll earn $350 total. This offer expires July 16.
The downside? Chase’s savings account pays just 0.01 percent APY.
Our review of Chase’s financial health gave the bank four out of five stars. Chase is headquartered in Columbus, Ohio.
Best checking account offers
Chase Bank: $200 or $300 bonus
Through July 16, you could earn $300 by opening a Premier Plus checking account. Or earn $200 by opening a Total Checking account.
Both promotions require you to visit a branch and present an email with a coupon code. You’re eligible for a bonus if you:
- Don’t have an existing Chase fiduciary or checking account (or closed one with a negative balance or within the last 90 days).
- Deposit $25.
- Have a direct deposit made within 60 days of opening the account.
The bank has branches in 26 states including Georgia and Florida and in the western, southwestern, Midwestern and northern parts of the country. See how Chase’s offers stack up against other checking accounts deals.
SunTrust: $250 or $500 bonus
Open a SunTrust checking account online by July 31 and earn a bonus by:
- Depositing $100 within 14 days.
- Having a $1,000 direct deposit made into a Select Checking account (or a $2,000 direct deposit made into a Signature Advantage account) within 60 days.
- Making 10 debit card purchases within 60 days.
You can earn $250 for opening a Select Checking account or $500 for opening a Signature Advantage account. The deals are for new personal checking account holders. Apply online or at a branch and use the promo code (Q218CHECKINGOL).
The offers are valid for residents in the District of Columbia, Maryland and 10 southern states. In Bankrate’s review of SunTrust’s financial health, the bank earned four out of five stars. It’s headquartered in Atlanta.
TD Bank: $150 or $300 bonus
A $300 bonus is available for TD Bank customers who:
- Open a Premier Checking account online.
- Have never had a TD Bank personal checking account.
- Have at least $2,500 worth of direct deposit funds within 60 days of opening the account.
There’s also a $150 cash bonus if you’d prefer a Convenience Checking account.
Bonuses are available to residents in the District of Columbia, Pennsylvania and every state on the east coast except Georgia.
TD Bank is based in Wilmington, Delaware. In Bankrate’s review of TD Bank’s financial health, it earned four out of five stars.
KeyBank: $200 bonus
KeyBank is giving new customers an opportunity to earn $200. You’ll need to open a qualifying checking account and use an offer code (ONAS0618). You’ll also need to make a $500 deposit within 60 days.
The bonus is available through Nov. 2 in certain areas (Alaska, Cincinnati, Columbus, Dayton and Toledo, Ohio, Idaho, Indiana (Central and Northern), Maine, Michigan, Philadelphia, Utah, Vermont and Portland, Oregon. KeyBank, which is based in Cleveland, Ohio, earned five out of five stars in the latest review of its financial health.
Elements Financial: $200 bonus
An Indiana-based credit union is offering a $200 bonus to new members who open a high interest checking account and enter a promotional code (CHECK200). To qualify for the bonus you must:
- Join the credit union.
- Set up a recurring direct deposit of at least $500 within 60 days.
If you meet additional requirements, the high interest checking account pays 2 percent APY on balances of up to $20,000. The checking accounts with the best rates available nationwide pay as much as 5 percent APY.
Anyone nationwide can join the Elements Financial by becoming a member of Tru Direction and paying a $5 membership fee. The credit union earned four out of five stars in the latest review of its financial health.
Interested in refinancing student loans?Here are the top 6 lenders of 2018!
|Lender||Variable APR||Eligible Degrees|
|Check out the testimonials and our in-depth reviews!
1 Important Disclosures for Earnest.
To qualify, you must be a U.S. citizen or possess a 10-year (non-conditional) Permanent Resident Card, reside in a state Earnest lends in, and satisfy our minimum eligibility criteria. You may find more information on loan eligibility here: https://www.earnest.com/eligibility. Not all applicants will be approved for a loan, and not all applicants will qualify for the lowest rate. Approval and interest rate depend on the review of a complete application.
Earnest fixed rate loan rates range from 3.89% APR (with Auto Pay) to 7.89% APR (with Auto Pay). Variable rate loan rates range from 2.47% APR (with Auto Pay) to 6.97% APR (with Auto Pay). For variable rate loans, although the interest rate will vary after you are approved, the interest rate will never exceed 8.95% for loan terms 10 years or less. For loan terms of 10 years to 15 years, the interest rate will never exceed 9.95%. For loan terms over 15 years, the interest rate will never exceed 11.95% (the maximum rates for these loans). Earnest variable interest rate loans are based on a publicly available index, the one month London Interbank Offered Rate (LIBOR). Your rate will be calculated each month by adding a margin between 1.82% and 5.50% to the one month LIBOR. The rate will not increase more than once per month. Earnest rate ranges are current as of Month/Day/Year, and are subject to change based on market conditions and borrower eligibility.
Auto Pay discount: If you make monthly principal and interest payments by an automatic, monthly deduction from a savings or checking account, your rate will be reduced by one quarter of one percent (0.25%) for so long as you continue to make automatic, electronic monthly payments. This benefit is suspended during periods of deferment and forbearance.
The information provided on this page is updated as of 08/21/18. Earnest reserves the right to change, pause, or terminate product offerings at any time without notice. Earnest loans are originated by Earnest Operations LLC. California Finance Lender License 6054788. NMLS # 1204917. Earnest Operations LLC is located at 302 2nd Street, Suite 401N, San Francisco, CA 94107. Terms and Conditions apply. Visit https://www.earnest.com/terms-of-service, email us at email@example.com, or call 888-601-2801 for more information on ourstudent loan refinance product.
© 2018 Earnest LLC. All rights reserved. Earnest LLC and its subsidiaries, including Earnest Operations LLC, are not sponsored by or agencies of the United States of America.
2 Important Disclosures for Laurel Road.
Laurel Road Disclosures
APR stands for “Annual Percentage Rate.” Rates listed include a 0.25% EFT discount, for automatic payments made from a checking or savings account. Interest rates as of 11/8/2018. Rates subject to change.
Variable rate options consist of a range from 3.27% per year to 6.09% per year for a 5-year term, 4.64% per year to 6.14% per year for a 7-year term, 4.69% per year to 6.19% per year for a 10-year term, 4.94% per year to 6.44% per year for a 15-year term, or 5.19% per year to 6.69% per year for a 20-year term, with no origination fees. APR is subject to increase after consummation. The variable interest rate will change on the first day of every month (“Change Date”) if the Current Index changes. The variable interest rates are based on a Current Index, which is the 1-month London Interbank Offered Rate (LIBOR) (currency in US dollars), as published on The Wall Street Journal’s website. The variable interest rates and Annual Percentage Rate (APR) will increase or decrease when the 1-month LIBOR index changes. The variable interest rates are calculated by adding a margin ranging from 0.98% to 3.80% for the 5-year term loan, 2.35% to 3.85% for the 7-year term loan, 2.40% to 3.90% for the 10-year term loan, 2.65% to 4.15% for the 15-year term loan, and 2.90% to 4.40% for the 20-year term loan, respectively, to the 1-month LIBOR index published on the 25th day of each month immediately preceding each “Change Date,” as defined above, rounded to two decimal places, with no origination fees. If the 25th day of the month is not a business day or is a US federal holiday, the reference date will be the most recent date preceding the 25th day of the month that is a business day. The monthly payment for a sample $10,000 loan at a range of 3.27% per year to 6.09% per year for a 5-year term would be from $180.89 to $193.75. The monthly payment for a sample $10,000 loan at a range of 4.64% per year to 6.14% per year for a 7-year term would be from $139.65 to $146.76. The monthly payment for a sample $10,000 loan at a range of 4.69% per year to 6.19% per year for a 10-year term would be from $104.56 to $111.98. The monthly payment for a sample $10,000 loan at a range of 4.94% per year to 6.44% per year for a 15-year term would be from $78.77 to $86.78. The monthly payment for a sample $10,000 loan at a range of 5.19% per year to 6.69% per year for a 20-year term would be from $67.05 to $75.68.
However, if the borrower chooses to make monthly payments automatically by electronic funds transfer (EFT) from a bank account, the variable rate will decrease by 0.25%, and will increase back up to the regular variable interest rate described in the preceding paragraph if the borrower stops making (or we stop accepting) monthly payments automatically by EFT from the designated borrower’s bank account.
3 Important Disclosures for SoFi.
4 Important Disclosures for LendKey.
Refinancing via LendKey.com is only available for applicants with qualified private education loans from an eligible institution. Loans that were used for exam preparation classes, including, but not limited to, loans for LSAT, MCAT, GMAT, and GRE preparation, are not eligible for refinancing with a lender via LendKey.com. If you currently have any of these exam preparation loans, you should not include them in an application to refinance your student loans on this website. Applicants must be either U.S. citizens or Permanent Residents in an eligible state to qualify for a loan. Certain membership requirements (including the opening of a share account and any applicable association fees in connection with membership) may apply in the event that an applicant wishes to accept a loan offer from a credit union lender. Lenders participating on LendKey.com reserve the right to modify or discontinue the products, terms, and benefits offered on this website at any time without notice. LendKey Technologies, Inc. is not affiliated with, nor does it endorse, any educational institution.
5 Important Disclosures for CommonBond.
Offered terms are subject to change. Loans are offered by CommonBond Lending, LLC (NMLS # 1175900). If you are approved for a loan, the interest rate offered will depend on your credit profile, your application, the loan term selected and will be within the ranges of rates shown.
All Annual Percentage Rates (APRs) displayed assume borrowers enroll in auto pay and account for the 0.25% reduction in interest rate. All variable rates are based on a 1-month LIBOR assumption of 2.28% effective October 10, 2018.
6 Important Disclosures for Citizens Bank.
Citizens Bank Disclosures
|2.24% – 7.24%3||Undergrad & Graduate|
|2.47% – 6.97%1||Undergrad & Graduate|
|2.51% – 8.09%4||Undergrad & Graduate|
|3.02% – 6.44%2||Undergrad & Graduate|
|2.69% – 7.21%5||Undergrad & Graduate|
|2.79% – 8.39%6||Undergrad & Graduate|