What are savings account bonuses?

Savings account bonuses can help you earn extra cash simply by opening a new account and meeting specific deposit or balance requirements. Some of these bonuses amount to hundreds of dollars, so they’re worth researching if you’d like to grow your savings.

What is a bank sign-up bonus?

A bank sign-up bonus is a financial incentive offered by banks and credit unions to encourage people to open a new account. Typically, bonuses take the form of cash deposits. To receive a bonus, you’ll usually need to either satisfy a minimum deposit requirement or receive qualifying direct deposits.

Can you get more than one bank account bonus?

Some banks offer more than one sign-up bonus. But qualifying for multiple bonuses at the same time at the same bank usually isn’t possible. Bank account bonuses are typically available only to new checking or savings account holders. Not every bank account bonus is a good deal.

How do I qualify for the bonus offer?

To qualify for the bonus offer, you must open a new brokerage or retirement account by April 18, 2023. Enter code ‘BONUS23’ when opening the new account and fund it within 60 days of its opening date to receive the bonus.