Published on June 7th, 2018 | by Chuck43
Chase Savings $225 Online Bonus – Requires $15,000 Deposit For 90 Days
Offer at a glance
- Maximum bonus amount: $225
- Availability: Select areas (see data points at the top of this post for more exact locations – probably similar results here)
- Deposit required: $15,000
- Deposit length: 90 days
- APY: 0.01%
- Hard/soft pull: Soft
- ChexSystems: Unknown
- Credit card funding: up to $500 (seems like it’s debit card only now)
- Monthly fees: $5, avoidable
- Early account termination fee: Six months, bonus forfeit
- Household limit: None
- Expiration date:
August 6, 2018September 27th, 2018
- Chase is offering a bonus of $225 when you open a new Chase Savings account and deposit $15,000 or more in new money within 20 business days of account opening and maintain that 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 20 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 requirements, we’ll deposit the bonus in your new account within 10 business days.
- You can only receive one new savings account related bonus each calendar year and only one bonus per account.
- The bonus is considered interest and will be reported on IRS Form 1099-INT (or Form 1042-S, if applicable).
This account has a $5 monthly fee that isw aived if you do any of the following:
- Maintain a daily balance of at least $300 or more
- Have at least one repeating automatic transfer of $25 or more from your Chase personal checking account
- Are under 18 years of age
- Have a linked Chase Premier Plus, Chase Premier Platinum Checking or Chase Private Client checking account.
This deal turns the equivalent of a 6% APY by locking up $15k for 90 days. There are currently three other offers available as well (both expire soon):
- $150 savings bonus with $10,000 deposited for 90 days (in-branch only, turns out to a 6% APY return)
- $200 savings bonus with $15,000 deposited for 90 days (same as the offer posted here, just $25 less, no reason to do that one)
- $300 savings bonus with $25,000 deposited for 90 days (works onlin; turns out to a 4.8% APY return)
If you have an extra $10k on hand, you’ll earn the equivalent of a 3% APY rate on the extra $10k by doing the $300/$25k offer instead of doing the $225/$15k offer – up to you if it’s worth it. You can also do a $300 checking offer as well if you’re interested. Keep in mind you can only do one Chase savings bonus and one Chase checking bonus per calendar year.
We’ll add this best savings bonuses, alongside the above-mentioned $300 savings offer.
Hat tip to jenncheer on r/churning
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