Offer at a glance
- Maximum bonus amount: $400
- 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: September 30, 2026
The Offer
- E-Trade is offering a bonus of $400 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: SAVING26 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
- To be eligible, you must apply a valid promotional code at the time of account opening. This promotional code is intended for single use only.
- 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 for one newly opened and funded Premium Savings Account (PSA) that is funded within 30 days of opening. Excludes non-U.S. residents, and residents of any jurisdiction where this offer is not valid. Customer may only be enrolled in one PSA cash bonus offer at a time. Cannot be combined with any other PSA cash bonus offers.
- Each customer is limited to a lifetime maximum of two new PSA cash bonus offers. Offer may be removed at any time.
- Open Account: Open one new Premium Savings Account between June 5, 2026 12:00 AM ET – September 30, 2026 11:59 PM ET. No minimum initial deposit is required to open an account; however, the account must be funded within 30 days to qualify for the reward.
- 2. Deposit Funds: Deposit a minimum of $20,000 or more in net-new funds* over the first 30 days following account opening (“Deposit Period”). At the end of the Deposit Period, all net new funds will be totaled to determine whether you have satisfied the deposit requirement of $20,000 for this offer. 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.
- 3. Maintain Balance: Maintain an average daily balance in your enrolled Premium Savings Account that meets the Minimum Maintenance Balance requirement for this offer. The average daily balance calculation will begin from Day 31 after account opening and will end 45 days following (“Maintenance Period”).
- 4. Receive Bonus: After the requirements are satisfied, we will deposit the bonus amount of $400 within 30 days following the end of the Maintenance Period. If the amount maintained is lower than the required Deposit amount, you will be disqualified and will not be eligible for the bonus.
- All bank account bonuses are treated as income/interest and as such you have to pay taxes on them
Avoiding Fees
Monthly Fees
There is no monthly fee on this account.
Our Verdict
Much better than the recent bonus for $250 and more in line with previous bonuses. Although this is more generous with a $400 bonus at what was the $300 tier. Definitely worth doing if you have the spare funds, especially as the account itself earns 4% APY as well which is competitive with other high yield savings rates.
Hat tip to reader DP719
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
