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Offer at a glance
- Maximum bonus amount: $450
- Availability: Offers are only available to existing Ameriprise clients as of April 22, 2025
- Direct deposit required: Yes, $1,500 per month until five months
- Additional requirements: See below
- Hard/soft pull: Unknown
- ChexSystems: Unknown
- Credit card funding: Unknown
- Monthly fees: None
- Early account termination fee: Unknown
- Household limit: None
- Expiration date: June 30, 2025
Contents
The Offer
- Earn up to a $450 bonus with an Ameriprise Bank Savings Account When you open a new Ameriprise Bank Savings Account you can:
- Earn the $250 bonus by depositing at least $35,000 of New Money into your account by June 30, 2025, and maintaining the balance through October 31, 2025.
- Earn the $200 bonus plus by establishing qualifying direct deposits of $1,500 or more per month by June 30, 2025, for at least five months.
The Fine Print
- Offer valid from April 23, 2025, to June 30, 2025 (“Offer Period”).
- To receive the $250 Bonus Offer, you must:
- Deposit $35,000 or more in New Money into your Ameriprise Bank Savings Account (“Account”) by June 30, 2025. New Money is money that is deposited into your Account directly from external accounts outside of Ameriprise Bank, FSB and its affiliates. Deposits made by internal transfers from any other Ameriprise accounts are not eligible.
- Additionally, through October 31, 2025, you must maintain a daily balance equal to or greater than your balance on April 22, 2025, plus the $35,000 qualifying New Money.
- To receive the $200 Bonus Offer Plus, you must:
- Set up and maintain a Qualifying Direct Deposit(s) to your Ameriprise Bank Savings Account that totals at least $1,500 each calendar month for a minimum of five consecutive calendar months (total of $7,500). Direct deposits must be set up using the Ameriprise Bank FSB routing number and your Ameriprise Bank Savings Account number, which can be found in your savings account information at the secure site on ameriprise.com The first Qualifying
- Direct Deposit must be received during the Offer Period. Bonus Offer Plus is only available if the account does not have an existing direct deposit arrangement the month prior to the start of the Offer Period.
- Qualifying Direct Deposits are new recurring deposits from your employer, payroll, pension or governmental benefits provider via Automated Clearing House (ACH). Deposits that do not qualify for Bonus Offer Plus include but are not limited to check deposits, peer-to-peer transfers, merchant transactions and bank ACH transfers not from employers.
_______________ - For both offers, you may make multiple deposits within the Offer Period to reach the $35,000 Required Amount for the Bonus Offer and/or multiple Qualifying Direct Deposits of at least $1,500 per calendar month for Bonus Offer Plus.
- To remain eligible your Account must be open and in good standing at the time the bonus is credited to your Account. If all Bonus Offer or Bonus Offer Plus requirements are met, the appropriate bonus amount will be credited to your Account by January. 31, 2026 if you meet the criteria for both the Bonus Offer and Bonus Offer Plus you can receive both. Offers are only available to existing Ameriprise clients as of April 22, 2025.
- The bonus will be reported as interest on IRS form 1099-INT and you are responsible for any applicable taxes. Please consult your tax advisor; neither Ameriprise Bank, FSB nor its employees provide tax advice.
- All bank account bonuses are treated as income/interest and as such you have to pay taxes on them
Avoiding Fees
Monthly Fees
This account has no monthly fees to worry about
Early Account Termination Fee
Unsure if there is any EATF.
Our Verdict
Saving account earns 3.15% when you have a $35,000 balance. Best case scenario you need to hold the funds for 4 months (slightly longer after adding and withdrawing). This works out to be an additional 2.85% when annualized for a total return of 6%. This is slightly better than current high yield rates but whether it’s worth it is up to you. The direct deposit portion is annoying as it requires it for five months.
Hat tip to ShawntheShawn
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