Deal has ended, view more bank account bonuses by clicking here.
Offer at a glance
- Maximum bonus amount: $250
- Availability: Nationwide
- Deposit required: $10,000+
- APY: 3.5% APY
- Hard/soft pull: Soft
- ChexSystems: Unknown
- Credit card funding: $500, Visa or Mastercard only (you can also fund a savings account with another $500, but cannot be opened at the same time as checking otherwise limited to $500 across both accounts)
- Monthly fees: None
- Early account termination fee: EATF
- Household limit: None listed
- Expiration date: May 26, 2023
Contents
The Offer
- Amalgamated Bank is offering a $250 money market bonus. The bonus you receive depends on the amount of funds you deposit and maintain for 90 days.
- Deposit $10,000 – $24,999.99 and earn a $100 bonus
- Deposit $25,000 – $49,999.99 and earn a $150 bonus
- Deposit $50,000 – $99,999.99 and earn a $200 bonus
- Deposit $100,000+ and earn a $250 bonus
The Fine Print
- All bank account bonuses are treated as income/interest and as such you have to pay taxes on them
Avoiding Fees
Monthly Fees
This account has no monthly fees
Early Account Termination Fee
Unsure if there is any EATF or not.
Our Verdict
Bonus gets worse as it increases unfortunately. If you put the $10,000 required for the $100 bonus into an account earning 5% APY for 90 days you’d earn $123. With this account you get the $100 bonus and then another $86 from the interest. Not really worth doing for an extra $50 and even worse as the bonus increases. Because of that we won’t be adding this to our best bank bonuses.
Useful posts regarding bank bonuses:
- A Beginners Guide To Bank Account Bonuses
- Bank Account Quick Reference Table (Spreadsheet) (very useful for sorting bonuses by different parameters)
- PSA: Don’t Call The Bank
- Introduction To ChexSystems
- Banks & Credit Unions That Are ChexSystems Inquiry Sensitive
- What Banks & Credit Unions Do/Don’t Pull ChexSystems?
- How To Use Our Direct Deposit Page For Bank Bonuses Page
- Common Bank Bonus Misconceptions + Why You Should Give Them A Go
- How Many Bank Accounts Can I Safely Open Within A Year For Bank Bonus Purposes?
- Affiliate Links & Bank Bonuses – We Won’t Be Using Them
- Complete List Of Ways To Close Bank Accounts At Each Bank
- Banks That Allow/Don’t Allow Out Of State Checking Applications
- Bank Bonus Posting Times
