[CT & Select Counties In NY only] Newtown Savings Bank (NSB) $250 Checking Bonus + $150 Savings Bonus

Update 11/12/22: Looks like the direct deposit needs to be recurring.

Update 10/22/22: Deal is back, now $250 + $150.

Update 7/10/22: Extended until September 30, 2022.

Update 10/29/19: Deal is back and valid until November 30th, 2019. Hat tip to reader Kyle.

Update 8/28/19: Bonus is back and has been increased to $200 (from $150). Expires August 31st, 2019. Hat tip to reader Joe F

Offer at a glance

• Maximum bonus amount: $150
• Availability: Accounts are available to residents of the State of Connecticut and residents of Putnam and Westchester county New York only
• Direct deposit required: Yes, no minimum mentioned
• Additional requirements: Use promo code choice
• Hard/soft pull: Soft pull
• ChexSystems: Yes, inquiry sensitive
• Credit card funding: Up to $1,000 $25
• Monthly fees: None
• Early account termination fee: 90 days, bonus forfeit
• Household limit: One
• Expiration date: September 29th, 2018 November 30th, 2018 August 31st, 2019 November 30th, 2019

The Offer

Direct link to offer

• Newtown Savings Bank is offering a bonus of $150 when you open a free checking account and complete the following requirements:
  • Use the promo code FALL25
  • Receive a direct deposit within 60 days of account opening , no minimum mentioned
• Or you can get a $250 offer when you open a Flagship Checking
  • Use the promo code FALL25
  • Receive a direct deposit within 60 days of account opening , no minimum mentioned
• You can also get a $50 bonus when you open a statement savings account with a $300 balance or get a $150 bonus when you open a Basic Money Market Savings Account(opens in a new window) with a balance of $20,000

 

The Fine Print

• Offer is available for Free Checking Accounts opened by September 29, 2018.
• Offer amount will be deposited into the respective checking account 60 days after account opening as long as the direct deposit has been made.
• Maximum $150 per household.
• Personal checking accounts have a minimum deposit of $25 to open.
• Other fees may apply such as paper statement and inactivity fees.
• To be eligible for this offer, all account holders must be new checking account customers.
• If your checking account is closed within 90 days of opening, the bonus amount will be deducted at closing.
• All bank account bonuses are treated as income/interest and as such you have to pay taxes on them

Avoiding Fees

Monthly Fees

The free checking account has no monthly fees to worry about. The flagship checking account has a monthly fee that is waived with minimum balance of $2,500.

Early Account Termination Fee

Account needs to be kept open for 90 days, otherwise the bonus will be deducted at time of closing

Our Verdict

Previous bonuses have been for $100 with $150 available in branch only. Looks like this one can be opened online. The $1,000 in credit card funding makes this offer attractive as well (update: unfortunately limit is now only $25). Definitely worth considering if not doing if you’re eligible. I will be adding this to the list of the best checking account bonuses.

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

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