Offer at a glance
- Maximum bonus amount:Â $500
- Availability:Â Nationwide
- Deposit required: $1,000 – $100,000
- APY: 5.25%
- Hard/soft pull:Â Unknown
- ChexSystems: Unknown
- Credit card funding:Â Unknown
- Monthly fees:Â None
- Early account termination fee:Â None
- Household limit:Â None
- Expiration date:Â None listed
Contents
The Offer
- Fierce Finance is offering a deposit bonus of up to $500. Deposit must be made within 30 days of account opening and maintained for 180 days
-
$25 for deposits of $1k+
-
$100 for deposits of $10k+
-
$200 for deposits of $30k+
-
$500 for deposits of $100k+
-
The Fine Print
- The Deposit Bonus offer is only available to new customers that meet all current account opening requirements.
- To qualify for the Deposit Bonus, you are required to open a new Fierce account and initiate cumulative new money deposits, according to the table below, within 30 days of account opening. The cumulative value or greater must remain in your Fierce account for a minimum of 180 days. The Deposit Bonus will be credited to your Fierce Cash account at the end of the following month. Accounts must be kept open for 210 days from the time of qualifying. Normal account service charges and miscellaneous charges may apply to the Fierce account, which may reduce earnings.
- The Deposit Bonus offer cannot be used in combination with any other Fierce promotional offer. For tax purposes, the value of the bonus will be reported to the IRS on Form 1099-INT. Fierce reserves the right to limit an individual to one account-related gift incentive per rolling 12-month period. Accounts closed at the time of bonus payment are not eligible. Offer is subject to cancellation without notice and cannot be combined with any other bonus offer. Fierce is not responsible for, and will not honor, promotional offers that appear on third-party websites that are not authorized by Fierce.
- 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
Early Account Termination Fee
Account needs to be kept open for 210 days otherwise bonus is forfeit
Stacking Bonus
- You should be able to go through Swagbucks for another $30.
- And a $25 referral bonus, please do not share in the comments below. Can be shared in this linked post instead.
Our Verdict
The 5.25% APY rate is good, but the bonus itself gets worse as it increases. The worst tier is an extra 1% APY over the 6 month tier and 2.5% over the smallest tier. With the Swagbucks and referral bonus and high base rate though it is worth considering.
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
Fierce will start charging a monthly $25 fee for accounts with balances under $500 beginning July 1st
Is it worth keeping open? It earns 4.25 apy.
No. I plan on selling all stocks and closing.
I never had any issues with them but moved my funds out awhile ago. I had a minimal balance that I moved and requested account closure
mine was due by april 30th, which i got confirmation from fierce in december. i checked this morning and only my regular interest posted the bonus didnt post yet
Has anyone received these bonuses yet? By my calculation, mine should be coming by the end of April but I haven’t received it yet.
A support chat got me the $25 referral, $10 first stock, $10 first crypto, and $25 10 stock purchases bonuses manually. Only the recurring deposit bonus applied automatically.
Support said that the deposit bonus eligibility ended in October
There’s also a $25 stock trading bonus for Q1 2024. You have to execute 10 or more stock purchase orders of $10 or more before 3/31/24. What would be the best stock to purchase?
Has anyone received the bonus for making your first stock/crypto purchase? I would use this account more if they were on Android.
It was not issued automatically for me, I asked support, and they added it manually. @Bryan
Thanks, I had to do the same also.
Has anyone else tried sending a DD to Fierce via Wise? I just tried and it said that the recipient account seems to be blocked. I haven’t ever run into this problem with Wise before.
Is this in regards to the recurring/direct deposit bonus?
Yes, I guess Wise doesn’t play nice with Fierce’s routing number or something.
Why try a direct deposit (especially one that costs money) when a recurring deposit works fine?
Having to wait 1 month vs 4 months for the DD bonus to arrive.
Per the terms when chatting with the robot, “To qualify for the $25 recurring/direct deposit bonus, you are required to: – Set up Direct Deposit or Recurring Deposits to your Fierce Cash account with a value of $100 or greater per deposit for a minimum of 90 days from your first deposit. After your first successful Direct Deposit or Recurring Deposit transaction, the $25 Bonus will be credited to your Fierce Cash account at the end of the following month.”
I have it doing $250 per week (hoping that satisfies the referral bonus too) for two times, then I’ll see if it pays out at the end of February. Otherwise, I will do $100 in March once a month.
So, set up $100 recurring deposits once a month for 3 months to get the $25 bonus correct?
I got an email about it this morning too. But yes I believe that is the promo. I think I will amend my recurring deposit to $100
Did you get the $25 bonus for direct deposit/recurring transfers?
Yes I did.
12/27 – $100 real DD from Chase Ach Payment Services
2/5 – $25 bonus posted
Ok I got a $25 bonus recently from some recurring deposits made and I asked support what it was for and they said it was for the direct deposit/recurring transfers, but I was skeptical.
Huh, I was under the impression that only a single DD was needed but that the recurring deposits had to go for 90 days. In any case, it looks like both methods pay out at the end of the following month.
Opened an account to get the high interest and the extra bonus. The account opening process was easy. Will update if I face any issue
Just got an email from them with an extra $10 bonus:
William Charles
“GET $10 OF STOCK ON US
For a limited time only, purchase your first Stock or ETF on Fierce with $10 or more and we’ll credit your account $10.”
Also got targeted, I believe everyone that has an account currently is eligible. Some notes from the terms:
I purchased $100 of SPY and $100 of ETH to be safe. Will update DP when bonuses are paid.