Best Bank Account Bonuses for July 2018

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Best bank account bonuses for July 2018
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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.

Here are some of the best bank account bonuses in July. Compare these offers along with CDs and other savings accounts that pay more interest.

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.

This article originally appeared on Bankrate.com and was written by Amanda Dixon.

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Our team at Student Loan Hero works hard to find and recommend products and services that we believe are of high quality and will make a positive impact in your life. We sometimes earn a sales commission or advertising fee when recommending various products and services to you. Similar to when you are being sold any product or service, be sure to read the fine print understand what you are buying, and consult a licensed professional if you have any concerns. Student Loan Hero is not a lender or investment advisor. We are not involved in the loan approval or investment process, nor do we make credit or investment related decisions. The rates and terms listed on our website are estimates and are subject to change at any time. Please do your homework and let us know if you have any questions or concerns.