Best Bank Bonus For Someone With Large Cash Holdings

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• 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.

  • @guest_2079265,

    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

  • 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.

  • 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.

• 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 know Citi limits some of their products to specific states. Is it nationwide? Can't seem to find anything that says if it is. @guest_2079130 @guest_2079007

    • 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. @guest_2079100

    • Should be nationwide. But, it is Citi.

  • 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 just did this. A minimum of $50k has to be on deposit for at least 3 months.

    • Not sure where you are seeing that. @guest_2079152

      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"

      • Fund it with $1 before July.

      "Account Funding Period: Through 8/31/2025"

      • Fund it with $50K late August

      "Maintain Funds: Through 9/30/2025"

      • Don't touch the balance from 8/31 - 09/30
      • Drop the balance to $1 in October.

      "Cash Bonus Credited to Account: By 1/1/2026"

      • Celebrate New Year's $500 richer.

      • For some reason, I thought the initial funding has to be at least $50k.

        • I think it does.

          1. Fund a new or existing Citi Personal Wealth Management account with a minimum of $50,000 of New-to-Citi funds between 4/1/2025 – 6/30/2025. The date we receive the first New-to-Citi funds in your Citi Personal Wealth Management account is defined as your “Date of Initial Funding” (see below for the definition of “New-to-Citi funds”).
          2. The Date of Initial Funding will determine the Account Funding Period, during which you may continue to add New-to-Citi funds to establish your bonus amount.

          @guest_2079157 @guest_2079252 @guest_2079130

        • 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. @guest_2079868

        • @guest_2080030 I read some DPs and it seems you're right. The terms are poorly written.

        • 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.

• The 1% are hurting too, people.

  • They should start GoFundMe campaigns.

• raisin has 4.3% rate and 500 on 50K for 90 days

  • Added, thx