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.
I left off the list the ones that require super long hold times.
Other bonuses to consider:
- Chase $900 checking+savings bonus
- Chase $750 business checking pops up often, don’t think there’s a current public link on this now
- U.S. Bank $900 business checking
- Wells Fargo $825 business checking
- Citi Business in-branch $2,000 with $200k deposit
Let me know what I missed!
Nos. 6 & 7 are the same copy, above.
No. 7 should read “You’ll want to put the cash in a brokerage account, buy SGOV, and then transfer it to TradeUp. Funds are tied up for a couple of years. [maybe].
No 6., for TastyTrade, just needs to be a cash deposit, not a transfer.
For #4, the “Citi Savings Offer”, it is actually a checking offer, and the higher tier is for holding $200,000 not $150,000 to receive $1,500.
This can be stacked with the Citi Savings promo interest rate offer (around 4.35%) which requires an additional $25k (b/c new money) so that the Checking account funds can be held in the Savings account and earning the promo interest rate.
Math is:
1. Open Citi Checking and Savings
2. Deposit 25k to Savings to activate 4.35%
3. Deposit 30k or 200k to Savings to also earn 4.35%
4. Earn Checking offer bonus and 4.35% on deposited funds
Checking Offer
Savings Interest Rate Offer
We list it as a savings bonus as it requires a large amount of funds, the actual account type isn’t really relevant.
Interesting, I’ll add a note about that new savings account offer
the etrade promo is essentially 10.08% if you hold the cash for 60 days there? is it the best deal here?
The hold period is only 45 days, so more like 12%.
I opened an account at We Bull after reading this post, only to find out later that IRA accounts are not eligible for cash rewards! What a bummer!
How about another one with fastest turn around, lowest deposit/easiest requirements? 🐐
Went to open Cap One 360 savings and was given message that the promo only applies to new customers (I have checking & money market, but never a savings with them)
So it would seem current CapOne customers are not eligible, even if you’ve never had a 360 savings before.
The reason that you received that message is because you have a MM account with CO. I just pulled this quote from the post below and bolded the important parts: “[i]f you have or had an open 360 Performance Savings, 360 Savings, 360 Money Market, Savings Now or Confidence Savings account as a primary or secondary account holder with Capital One on or after January 1, 2021 2022, you will be ineligible for the bonus.”
https://www.doctorofcredit.com/capital-one-300-1500-savings-bonus-requires-20000-100000-deposit/
https://www.patek.com/en/collection/grand-complications/6300-403g-001
An easy $3M bonus on the secondary market, if you can buy one at retail…😂
After taxes none of these are much better than 1 yr treasuries
Some have holding periods of less than a year (like 90 days). Some pay interest at a decent rate on top of the bonus. You still pay federal tax on treasuries, just not state/local tax. And for the offers that count brokerage assets, you can hold treasuries (or a fund of them) in addition to getting the bonus.
but it’s only for people with state income tax..so if you live in one of those states without income tax, it could be worth it.
Chase Private Client pays up to $3,000 in bonus
Citi Personal Wealth Management promotion:
Citi Wealth Management – Up To $5,000 Bonus – Doctor Of Credit
Hold time is just one month.
I just did this. A minimum of $50k has to be on deposit for at least 3 months.
Not sure where you are seeing that.
Retired
If opening the Citi deal now, you have any amount deposit in same calendar month of opening. Then, by the date in the table, you have to meet the tier requirement balance, and maintain for one full month.
Example:
“Date of Initial Funding: 6/1/2025 – 6/30/2025”
“Account Funding Period: Through 8/31/2025″
“Maintain Funds: Through 9/30/2025”
“Cash Bonus Credited to Account: By 1/1/2026”
For some reason, I thought the initial funding has to be at least $50k.
I think it does.
However, maybe the terms don’t strictly require maintaining those funds through the end of the account funding period?
You just have to get to the balance tier that you want to be at during the funding period. Your initial deposit just starts the clock and provides you with the timeline. That first deposit doesn’t need to be an upfront $50K.
An
Wait until you get the 200-page book in the mail after signing up, and see the inefficiencies of having to call to do almost anything with the account.
I did the offer one time only, and that was enough.
Yep. For me, everything required multiple emails, escalation to “VPs” (I’m pretty sure 1/4 of the people working for Citi have “VP” titles), explaining/re-explaining/screenshots. And I am quite confident they wouldn’t have ever paid out my earned bonus had I not held their feet to the fire. Worst brokerage experience ever.
This one is pretty incredible if you can get the timings correct and deal with phone calls to customer service. Potentially churnable 4x a year for $2k with two accounts of $50k each
I had read that citi changed it’s churn-ability to 1 year rather than 6 months. Anyone else have info on this?
I know Citi limits some of their products to specific states. Is it nationwide? Can’t seem to find anything that says if it is.
ShawntheShawn👈🏾 
Gadget 🕵️♂️ Bank Bonus Geek 🔗
Should be nationwide. But, it is Citi.
It is a brokerage account, no location restriction in the terms, and you open it over the phone anyway unless you want to visit a branch to do it. So it should be nationwide. I haven’t heard or seen DPs that it is geofenced.
Jack