Posted by William Charles on August 7, 2017
Bank Account Bonuses

Published on August 7th, 2017 | by William Charles

28

[Expired] Chase $200 Savings Bonus – Available Online

[9/25/17 updated as expired.]

Offer at a glance

  • Maximum bonus amount: $200
  • Availability: Nationwide (although in past experience still doesn’t work in all states)
  • Deposit required: $15,000
  • Deposit length: 90 days
  • Hard/soft pull: Soft
  • ChexSystems: No
  • Credit card funding: Up to $500, but everything will code as a cash advance
  • Monthly fees: None
  • Early account termination fee: Six months, bonus forfeit
  • Household limit: None listed
  • Expiration date: September 28th, 2017

The Offer

Direct link to offer

  • Chase is offering a $200 bonus when you open a new Chase savings account and deposit $15,000 or more in new money within 10 business days and maintain a $15,00 balance for 90 days

The Fine Print

  • Savings offer is not available to existing Chase savings customers, those with fiduciary accounts, or those whose accounts have been closed within 90 days or closed with a negative balance.
  • To receive the bonus: 1) Open a new Chase SavingsSM account, which is subject to approval; 2) Deposit a total of $15,000 or more in new money within 10 business days of account opening; AND 3) Maintain at least a $15,000 balance for 90 days from the date of deposit.
  • The new money cannot be funds held by Chase or its affiliates.
  • After you have completed all the above savings requirements, we’ll deposit the bonus in your new account within 10 business days.  You can only receive one new savings account-related bonus per calendar year and only one bonus per account. The bonus is considered interest and will be reported on IRS Form 1099-INT.
  • If the savings account is closed by the customer or Chase within six months after opening, we will deduct the bonus amount at closing
  • All bank account bonuses are treated as income/interest and as such you have to pay taxes on them

Avoiding Fees

Early Account Termination Fee

Account needs to be kept open for six months, otherwise you forfeit the $200 bonus.

Chase Savings $5 Monthly Fee

The Chase Savings account has a $5 monthly fee and this is waived if you do any of the following:

  • Keep a minimum daily balance of $300 or more in your savings account
  • Have at least one repeating automatic transfer of $25 or more from your Chase personal checking account (available only through Chase OnlineSM Banking)
  • Have a linked Chase Premier Plus CheckingSM, Chase Premier Platinum CheckingSM, or Chase Private Client CheckingSM account

Our Verdict

This bonus is almost always available when they are offering $300 for opening the checking account as well. The advantage to this specific offer is that the account can be opened online rather than having to open the account in branch (it’s also been possible in the past to do this with the $300 checking offer, but it required offer the Premier checking account instead of total checking and that is more difficult to keep fee free. But you can downgrade it to the total checking account). The APY on this account is 0.01% so you’re basically getting $200 in interest for depositing $15,000 and maintaining it for 90 days, that works out to be an APY of 5.45%. Definitely higher than most high yield savings accounts, just keep in mind you’re only getting that for the 90 day period and then the account is basically worthless. Still one of the best savings account sign up bonuses currently available. Chase also have another $150 savings bonus that only requires $10,000 to be deposited for 90 days.

Big thanks to reader, Jeremiah B who let us know. Learn how to find bonuses and contribute to the site here.

Useful posts regarding bank bonuses:



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boomX
boomX

You can open online if Chase is servicing there.

Online Application

Unable to Continue

We’re unable to complete your request. This product is no longer available for the ZIP code you entered. Please click “Chase.com” to see and apply for products now available in your area.

Lc
Lc

Lame. That defeats the purpose for most of us wanting to do this online being that we are not in the servicing area.

Chase needs to step up their game.

anne
anne

Chase is servicing my area but I cannot open the account online. Got the same message with you.

john mccann
john mccann

63031-nope.

Ferris
Ferris

Has never worked in my ZIP code and have never been able to make it in branch during business hours in other states

Matt D
Matt D

Interesting, was going to visit a branch this weekend for the 300 + 200, wonder if this would be more of a headache opening this online then trying to get the 300 at another time. Might be more beneficial to open them both at once in branch.

Chase needs to get with it and offer both online, only reason I haven’t done them before is the inconvenience to visit a branch out of town.

Kevin
Kevin

I have the same coupon. I was going to make the 5 hour roundtrip drive to a Chase branch today but decided it wasn’t worth it to me.

Kevin
Kevin

Why wouldn’t Chase have branches in MD/DC/VA? Highly populated area with a lot of potential customers.

Alex
Alex

I closed some month ago in Branch and banker set me a -0.01 in saving account? May I get this bonus again or how does you guys close your account? Does that mean I was eviled by a banker?

Alex
Alex

Hey Chuck and Charles,

See if you guys know the answer of my question, which confused me a long time. At that time, I had some money in the Saving account, and banker transferred all money to Checking account then left a -0.01 in Saving I found it when I went home and closed that night. Don’t know it was a normal way to close or I was trapped unwittingly.

Daniel
Daniel

“Savings offer is not available to existing Chase savings customers” — I only have a checking account, so I presume I would still qualify

Chuck

Yup

Sergey
Sergey

If I had a Chase checking account closed in May and never had their savings account, am I qualified for the bonus?

Logmein
Logmein

We’re unable to complete your request. This product is no longer available for the ZIP code you entered. Please click “Chase.com” to see and apply for products now available in your area.

ZIPCODE : 50266 (Iowa)

Nate Hinchey
Nate Hinchey

Not available to me in Boston either.

doc
doc

68022 , No Go .

Sophia
Sophia

DP: Able to fund account with Citi Prestige card. (I set my cash advance to $0 prior to charge and it displayed as a purchase).

Jake
Jake

I was able to open online (I’m at ZIP code 95124) without any problems and funded from a savings account since I was concerned that CC funding would code as a cash advance. A few minutes after verifying my trial deposits I received a call from Chase fraud prevention that the trial deposits weren’t enough to verify my ownership of that other account and that they would need to do a conference call with my other bank for additional verification. My other bank is closed right now though so I have to call Chase again tomorrow to finish this up. I’ve never run into this before with any bank, this is for the initial funding which is only $1k so it’s not a massive transfer, and I’ve been a Chase customer for many years, so I’m a bit surprised by all of this. Hopefully it’s not too much hassle 🙂

Mike
Mike

I just closed my total checking account today. once everything is finalized, would i be eligible for this offer?

mandingo1
mandingo1

DP:

6/10/17 – Savings account opened in branch with $15,500 initial funding.

Did auto monthly transfers to increase balance to $18,000.

9/18/17 – $17,700 transferred out of Chase savings into Chase checking, leaving $300 no fee minimum balance in savings.

9/19/17 – $200 savings account bonus posted.

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