Update 7/29/24: See updated deal hereÂ
The Offer
- Swagbucks is offering 10,000 ($100) for opening Savings+ from Wysh and depositing at least $1,000.
- MyPoints has a similar offer for 17,000 points which is worth around $107-$112.
Wysh Savings+ is an account which combines the power of a high-yield savings account with free micro life insurance protection. There’s no medical underwriting, no additional fees, and no lock-ins. You can read more in this press release.
The Fine Print
- Must open a Wysh Savings+ account and deposit at least $1,000 to earn.
- Deposit amount below $1,000 will result in award being revoked.
- SB will appear as Pending for 45 days.
- Must enter valid sign-up information, including credit card information to earn SB.
- Each person may redeem this offer only once.
Our Verdict
Doesn’t seem like you even have to leave the $1,000 in the account – the terms only specify that you need to do an initial deposit of $1,000. The account earns 4% APY which isn’t bad, should you decide to leave funds in the account.
Looks like an easy-ish $100 bank bonus, and slightly better due to not having to deal with a 1099 from the bank which can sometimes be wonky. (Note, you would still legally have to self-report this income. Also note, there is a chance of getting a 1099 from Swagbucks, see this post to learn more.) It is a new company, but hopefully not a major risk since the funds are held with an FDIC-insured bank and funds don’t really need to stay in the account for any amount of time.
If you’re new to Swagbucks, please read our review. You can also get a bonus of up to $13 by using a referral link.
