Best Bank Bonus For Someone With Large Cash Holdings

A friend just asked me for a bank bonus recommendation as he’s sitting on a large pile of cash. I gave him some options and figured it worth a post for anyone else in a similar position. This is based on our Best Bank Bonus page and Best Brokerage Bonus page. Obviously these offers will change over time.

(our post) Capital One 360 $100k deposit gets you $1,500. The account comes with a decent 3.6% APY rate so you aren’t losing that much by tying up the cash. Funds tied up for a few months. I believe this bonus is only for those who have never done a Capital One savings bonus before.
(our post) E*Trade $75k deposit gets you $750. This account comes with a good interest rate. Funds tied up for just a couple months. This offer seems to be publicly available, YMMV.
(our post) Wells Fargo in-branch $250k deposit gets you $2,500. This deal is in branch only. Funds tied up for a few months. You might be able to combine this with another $400 checking bonus, and also with a Platinum savings account which has a promo rate of 4.00% APY for 6 months. You’ll want to either get that Platinum 4% rate, or you can open a brokerage account, link it up, and hold the funds in SGOV. (You can do this deal as a stock/eft brokerage transfer bonus as well. I’m just focusing on the cash angle here.)
(our post) Citi savings $200k deposit gets you $1,500 or $30k deposit gets your $750. Funds tied up for a few months. Interest rate on the account is close to zero on the checking. However, you can also open this Citi savings account which has a nice 4.35% rate. (Open the checking and put $175k there; open savings and put $25k there, transfer the $175k to the savings. I believe that should work.)
(our post) WeBull $100k deposit gets you $2,000. This account earns a nice 3.75%-4.10% APY (depending if you have Premium), and so you’re not losing interest by holding funds there. Funds tied up for around 12-15 months. Plus get 8.1% APY rate for 90 days on up to $50,000 in deposits – that’s basically like another $500 bonus.
(our post) TastyTrade $100k deposit gets you $2,000 or $250k deposit gets you $3k. You’ll want to put the cash in a brokerage account, buy SGOV, and then transfer it to TastyTrade. Funds tied up for 12 months. I believe you can only do one TastyTrade bonus in your lifetime.
(our post) TradeUp $100k deposit gets your $2,000, plus a couple hundred dollars worth of free stock. You’ll want to put the cash in a brokerage account, buy SGOV, and then transfer it to TastyTrade. Funds are tied up for a couple of years.
(our post) Raisin $50k deposit gets you $500 + $100 TCB bonus. Funds tied up for 90 days.
(our post) Interactive Brokers $100k deposit gets your $1,000 in IBKR stock (which can not be sold for 1 year). Funds tied up for 1 year. Buy SGOV or similar with the $100k holding for the year.