Offer at a glance
- Maximum bonus amount: $250
- Availability: Nationwide
- Direct deposit required: None
- Additional requirements: See below
- Hard/soft pull: Unknown
- ChexSystems: Yes, but approves if frozen
- Credit card funding: Unknown
- Monthly fees: None
- Early account termination fee: Unknown
- Household limit: None
- Expiration date: June 9, 2026
The Offer
- E-Trade is offering a bonus of $250 on their premium savings account. Deposit $20,000 within 30 days of account opening and maintain balance for 45 additional days beyond the 30th day. Use promo code: SPRING26 at signup.
- They’re also offering an intro 4.00% APY rate for the first six months on balances up to $10M.
The Fine Print
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- To be eligible for this offer, you must apply a valid promotional code obtained through one of our authorized affiliate marketing partners at the time of account opening. This promotional code is intended for single use only and is non-transferable.
- This offer is only valid for a new Premium Savings Account. This offer is not valid for Checking, Max-Rate Checking or line of credit, or other accounts that we or our affiliates offer. IRA and non-IRA Brokerage accounts are ineligible.
- This offer is only eligible to one new opened and funded Premium Savings Account (PSA) within thirty (30) days.
- Excludes non-U.S. residents, and residents of any jurisdiction where this offer is not valid.
- Each customer is limited to a lifetime maximum of two new PSA offers.
- After the requirements are satisfied, we will deposit the bonus within thirty (30) days following the end of the Maintenance Period. You must keep your account open and in good standing to receive the bonus. If your account is in default, restricted or closed for any reason prior to such time, including being closed by us, you will not be eligible for the bonus.
- Net new funds are funds that originate from outside of the Bank into the Premium Savings Account, minus any funds withdrawn from the Premium Savings Account and sent out of the Bank. This includes funds deposited from accounts that are external to us and all our affiliates (i.e. transfers from another bank account). Net-new funds do not include any deposits transferred from accounts provided by us (e.g. Checking, Max-Rate Checking), or any of our affiliates. Any interest credited to the PSA account and subsequently transferred to an external account will be treated as an outflow when calculating net new funds.
- All bank bonuses get a tax form 1099.
Avoiding Fees
There is no monthly fee on this account.
Our Verdict
Not as good as the older offer, but still not a bad bonus at $250 for $20k. The 4% APY is also interesting, especially for someone with a lot of funds.
Personally, I’d probably wait and see if they bring back one of their higher offers, so we won’t add this to our list of Best Bank Bonuses.
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
