Deal has ended, view more bank account bonuses by clicking here.
Update 1/27/26: Deal is back until 4/30/26
Update 10/3/25: Deal is back until 11/30/25 and found under special deals & offers.
Update 3/20/25: New variation: $250 bonus for $20,000 deposit, $500 for $50,000 deposit, and $1,000 for $100,000 deposit. Hat tip to RM
Offer at a glance
- Maximum bonus amount: $750
- Availability: Nationwide
- APY: 0.01%
- Deposit required: $20,000 – $100,000
- Hard/soft pull: Soft
- ChexSystems: Unknown
- Credit card funding: None, but can fund with a debit card up to $300
- Monthly fees: None
- Early account termination fee: None
- Household limit: None listed
- Expiration date: September 30, 2024
Contents
The Offer
- Bank of America is offering a savings bonus of up to $750.
- Open a Bank of America Savings account if you don’t have one already
- Enroll in this bonus
- Within 30 days of enrollment deposit new money
- Deposit $20,000, $250 bonus tier
- Deposit $50,000, $500 bonus tier
- Deposit $100,000, $750 bonus tier
- Maintain that balance in your savings account from 31 through 90 days after enrollment
The Fine Print
- Offer is limited to individuals who receive the offer via a direct communication from Bank of America.
- Fiduciary accounts (e.g., trusts), business accounts, Certificates of Deposit (CDs), and Individual Retirement Accounts (IRAs) are not eligible for this offer.
- Offer cannot be combined with any other savings bonus offer and is limited to one bonus per account and per customer.
- Offer expires on September 15, 2024.
- Bank of America may change or discontinue this offer at any time before this date without notice.
- Enroll in this offer through a Bank of America associate or by clicking the enrollment button or link in a direct communication from Bank of America by September 15, 2024.
- Deposit New Money directly into your new or existing personal savings account within thirty (30) days of enrolling (the “Deposit Period”)
- 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
There is no early account termination fee.
Our Verdict
This account earns 0.01% APY. At minimum you’ll need to maintain the balance on this account for about 61 days (deposit on last day of the 30 day period and then hold until 90th day) but I think it’s safer to assume a 90 day hold period when all is said and done. The $250 bonus is the best return and that works out to be an annualized return of 5%, as the bonuses increased that progressively gets worse (4% and then 3%). Given the current high interest rates available this isn’t worth considering and we won’t be adding this to our best savings 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
Received $100 bonus for $1000 today.
DP: Existing Account holder
11/19/2025 – enrolled in bonus
12/09/2025 – funds transferred
02/18/2026 – 90 days period complete
02/27/2026 – Bonus received
I had received this same offer last year in Jan too and had completed and received bonus that time too.
Thanks for the dp brochacho , my 90 days was complete 3 days after yours so i guess i should receive my boner soon.
UPDATE : MY BONER POSTED YESTERDAY YAY
any idea when they are gonna pay this out? dps?
I go this offer online and I checked “remind me later” and it never has….=(
still waiting for the new account bonus (1K for 100+?) to start
There is no promo or reference code for this bonus. They will not honor this promtion. I called customer service, they claimed I never enrolled.
I never received the targeted email but I was notified in the boa app, I clicked enroll, and it changed to enrolled and ready for step 2, but when I open that page again, back to step 1. so I guess there must be something wrong with it, just be careful when moving the money, cuz they may denied that you have enrolled even after all that fuss
I enrolled and got a confirming email. $250 bonus posted after about 3 months or so
did you receive an email or a notification in your app?
Pretty sure it was an email
If one can do the ETRADE Performance Savings deal, it’s a better deal. 45-day hold, decent interest rate, $20K gets $300 bonus, $50K gets $750 bonus.
I wouldn’t touch eTrade ever again.
I did the ETRADE PSA deals last July with $75K, got the bonus in Sept along with all the interest with no problems. Had brokerage accounts with them from 1995 to 2015 with no issues.
Did they ask you for ID verification out of the blue?
You were lucky.
They held my money hostage when I tried transferring it out.
They wanted to re-verify my identity.
me too!
Why?
ID veritifcation by software
the worst!!!
agreed.
wouldn’t touch e-trade with a 10foot pole after the shit they pulled with their checking bonus.
f’ing terrible institution
They gave me the bonus for transferring money in which I used to buy T-Bills.
When the T-Bills matured and I wanted to transfer the money out, they decided they needed to re-verify my identity.
I spent hours trying to take photos of my driver’s license clearly enough to satisfy their software program. I ended up having to get a human to intervene. Imagine in these days of AI how much more difficult it will be to resolve a problem like that.
Hell no!! Etrade is awful, they place restrictions and you cant get your money.
“…we will ATTEMPT to deposit the earned bonus…” This sounds quite funny 🙂
A lot of these terms say that. They just mean they will attempt, but it will fail if you account is closed or in a suspended state.
Not too bad of an offer seeing the rates are going down.
Why wait until 4/1?
I was just giving an example of how to optimize the offer as it relates to preferred rewards status (which is counted on a calendar month basis). So, you do want to enroll on a day that is 30 days from the first of the month if possible so that your money sits in the account for exactly two calendar months.
I made a small mistake with this comment in that the Merrill bonus needs a $20k deposit for its 90 day clock to start. So, you’d actually want to deposit $20k to Merrill on 4/1 in my example to get the clock started and then add funds to Merrill accordingly to get whichever status/bonus tier you want.
received new-account offer, deposit $1k & get $100.
I got this today as well
Samer brosef.
“found under special deals & offers”
I have Rewards & Deals > Special Offers. Is that the right place?
Direct link appears to be broken.
Yes, I think the link might be broken. I logged in and clicked the link and it prompts me to login. I login and the offer is no longer there? I will try and call next week and open over the phone.
If you have $100k and you’re on H1B, would you do this bonus or pay the fee? Provided that you can pay the fee yourself
Interesting question…I do not understand how it makes sense. That $100k is mandatory if you want to get H1B visa, how can you turn that into a saving and earn bonus?
Its a rhetorical question
your employer pays the fee so it would be illegal
This is a completely pointless off topic comment
You can earn 4.2% (state tax free) in VUSXX. 100% us treasury mmf. That negates any benefit of the deposit at BofA for 90 days.
Exactly – totally not worth it
Not anymore, Powell just restarted the money printers. Negative interest rates soon.
Just a 0.25 percent cut after so many months of pressure. it will take a long time to take it down to negative. Also it’s not a money printer, rather the opposite. Paying almost a trillion in interest payments every year due to high rates is crazy.
Well, not quite, this one seems specific about the timing being “31 to 90 days.” If you schedule everything just right, it’s around 7.5% APY. Would have been useful for me because I wanted to keep some liquidity around for some expected large bills (currently takes more time to transfer/clear from brokerage accounts), but the offer disappeared early for some reason.
100k at 4% for 90 days is 1,000 which is effectively what their bonus is. Not really a deal for the run around.
This is my fourth or fifth time being targeted for this bonus. It’s only really worth doing if you wanted to qualify or requalify for Preferred Rewards and have absolutely nothing better to do with your funds in the next three months.
Been getting this offer for the last two or three years and been making use of it, mainly for the Preferred Rewards program. Was hoping to see it this year again, but not seeing so far.
You’re better off doing the Merrill Edge $600-1000 offer and investing the money into SGOV or something and getting preferred rewards for that.
Wish theres a way to tell Bofa that their savings account offer sucks lol but I guess all we can do is just hope people don’t take the offer.
The current Merrill 100k offer is $400, so $600-1k for 100k is not an available option
Yeah not anymore. At the time I posted originally, it was ongoing.
have a joint savings account with spouse and got the offer email for both. what will happen if we both enroll and deposit to same account? double dip or no bonus at all
Be the data point you want to see.
Anyone have $100K I can borrow?
Hold on….. let me check and open my wallet…. [moths]
Yes, if you don’t mind loaning me $200K first
Do you need 100K for your H1B application
J
Just finished holding the money for 91 days, and I’ll hold the money in my savings account for another week before pulling just in case.
If I call in, will the representative at BOA be able to tell me whether I’m fulfill the requirements or not?
Do 👏 not 👏 call 👏 the 👏 bank 👏
Not really, that applies for when you’re spoofing DDs/debits or some workaround like that. Calling to ask about a bonus that follows both the letter and spirit of the law is perfectly fine.
Fully taxable 5% return vs a 3-mo T-Bill that pays around 4.3%… Hmmm
Depends on your state tax rate
CA tax rate?
Obligatory ‘speak with your accountant’… as if we all have actual accountants on speed-dial…psh.
Obligatory eye-rolling.
If you need to speak with your accountant to find out your personal marginal tax rates, maybe you have skill issues?
Yeah it’s basically a “deal” only if your state doesn’t tax interest.
Otherwise there is no point investing time in dealing with opening new BofA accounts. Assuming you have a Fidelity brokerage account already where you can buy T-Bill on auto roll.
The holding period is only 90 days max. So you could deposit the money on day 30 and withdrawal it on day 90 to deposit into T-bills. This would make the total annual interest rate higher.
T bills are taxable, just not at state level and not all states have income taxes. If hold time is closer to the 61 days, more like 7%.
61 days is cutting it very close and assumes you’re pushing and pulling on weekdays. Also factor in deposit holds into receiving bank and that this is YMMV unless you’re explicitly targeted and it’s not worth it for the vast majority of people, state tax benefit be damned.
Get a good hub/wire transmitter. Also, google “30 days from today” and see if it’s a weekday/federal holiday or not.
Right, and you’d also need to ensure the day you pull from BoA is a weekday at day 91.
Best to assume it requires 2 business days to transfer to BoA and ensure the settle date is on/by day 30. Then pull on day 91. That’s 63 days there, which assumes business days on both ends (day 28-29 and day 91).
This doesn’t factor in time to settle once transferred to HUB account.
If you’re targeted and extremely diligent then have fun, but nothing about this offer is better than what you could do elsewhere.
One caveat – if you’re looking to boost funds w/ BoA for status or to increase the odds of a CC bonus thats another story.
So do another google query?
I certainly find it more fun to say reduce a 90-day CD hold to 30 days by timing things correctly than driving all around town buying single grapes or pumping 2-3 seconds of gas multiple times per day per week like some people here do, but whatever, lol
Also, a good hub should give you access to near fed. fund rate interest same day and settle next day…
You’re either new to churning or overly discount risk factors with BoA YMMV bonuses.
I don’t count on “should” statements. There’s been so many cases over the years of random issues that delay transfers, lock you out of accounts, require verification and so on that giving a buffer on both ends of a transfer is the way to go.
I’m fully aware of opportunity cost and the value of my time. I’m not going to scan bananas to meet minimum spend, nor do I engage in activities that would be net-negative, although it could be argued that me responding to you qualifies as such. Ironically you’re the one playing games trying to button-up the timing to make your APY come out higher but I digress.
If people want to do a YMMV with a bank that’s notorious for not always issuing bonuses then that’s on them. I’m not here to debate you, just giving feedback from 10+ years of churning for newbies that come to this page looking for DPs.
Everything here is YMMV, just like trying to stack a chime referral with sb/inb despite the negative DPs, as you did…so not sure what you’re point is when you try to shit on the timing aspects. I guess I’m just too new here, lol.
Yes, the opportunity cost with Chime wasn’t floating $20-$100k though at ~4% for potentially nothing.
I’ve churned this BoA bonus in two player mode many times. It’s worked all but one time when someone randomly looked at my account manually, no rhyme or reason, and denied the bonus telling me I wasn’t targeted but if I wanted to submit proof then they’d reconsider.
“I’ve churned this BoA bonus in two player mode many times. It’s worked all but one time when someone randomly looked at my account manually, no rhyme or reason, and denied the bonus telling me I wasn’t targeted but if I wanted to submit proof then they’d reconsider.”
TLDR: do as I say and not as I do?
Do what you want but understand sometimes targeted offers will mean targeted offers.
If the cost is worth it then have at it. Just be sure you’re accurately factoring in all costs.
I will say that if rates are low then there’s less risk here. I wouldn’t be surprised if we enter that era in a year or so.
Who knows where rates are going, but I think team Cash is probably happy right now while team Equities is trying to pick their jaw up off the floor after watching trillions in market cap get vaporized the past few weeks.
Team cash = team trash and history supports this.
S&P500 is down a whopping 1.75% YTD and up *only* 126% over the last 5 years. 😱
Obviously it’s very lifestyle (age) specific but you should be investing what you won’t need for ~3+ years.
Yeah, even if you stretched it out to 65 days the 20k tier is > 7%
It’s also useful if you’re trying to get preferred rewards status with BoA.
Just received a newer and better version of this offer when logging into the account.
Up to $1,000 cash bonus offer. Enroll by 31st Jan. Deposit new money and maintain it from 31-90 days to receive the cash bonus. The account is for new or existing saving account.
Deposit $20,000 – get $250 bonus
Deposit $50,000 – get $500 bonus
Deposit $100,000+ – get $1000 bonus
Is there a tracker for this offer?
Who’s eligible?
Targeted:
> Offer is limited to individuals who receive the offer via a direct communication from Bank of America. Fiduciary accounts (e.g., trusts), business accounts, Certificates of Deposit (CDs), and Individual Retirement Accounts (IRAs) are not eligible for this offer. Offer cannot be combined with any other savings bonus offer and is limited to one bonus per account and per customer. Offer expires on June 30, 2025. Bank of America may change or discontinue this offer at any time before this date without notice.
This offer is back with slightly better terms, per pop up when logging in:
Deposit $20k – get $250 bonus
Deposit $50k – get $500 bonus
Deposit $100k – get $1000 bonus
Enroll by 1/31/25. Since the holding period is 60 days, it’s about 7.5% effective APR for the $20k and 6% for the others.
Got an email this morning for Savings requiring a $1,000 deposit for 90 days. The reward is $100. Seems worth it but just barely. I will probably do this one later, as the email states I have until Oct 31 to enroll.
BoA is really the shittiest bank ever.
I can get 5.5 at Marcus and 5.55 at Flagstar/MBD right now. Why should I bother with boa’s stupid promotions? 0.1% regular rate is a joke
Not that I’d defend BoA since it is a shitty bank, but doesn’t Marcus require a referral rate and AARP to get 5.5?
thanks for running the #’s…. and NOT putting this on a best anything list…. (have squirmed at several you have recently, with ever increasing very high deposit amounts….. time to rethink/pause the whole strategy)
With this bonus the juice is not worth the squeeze.
Unless the invitees are clueless about current interest rates, anyone with some insight will ignore this bonus come on insult.
BoA: we offer $750 for $100k in 90 days.
Treasury Bills: Am I a joke to you?
I moved all of money out of BAC a long time into a HYSA paying 5.01%.
Which HYSA if you don’t mind me asking? I’m looking for a HYSA with stable rates
You will be looking for a very long time then.
There no such thing as stable rates. Once fed start cutting rates they will all go down. Laurel Road has hysa over 5%. There are some others. If you already doing Laurel road checking bonus easy just to move money to savings.
BoA has very stable rates.
kinda like Chase. (ya know, for that whopper $900 deal…. they’re counting on ya to forget, and let them keep yr money for ya……. at .ooo1% whatever)
Bank of America thinks we are stupid.
I mean, he’s not wrong…lol
As someone who works in the industry, I can tell you that the vast majority are. This website is certainly not the average representation of the population. Most people are just trying to get a new car loan they can’t afford every few years with a few overdrafts and wonder why they can’t afford things.
Yea, how about NO! Sad attempt at luring new customers.
What’s even sadder are the fools who park any kind of money in savings accounts at big banks like this that earn .1%. However it is because of them that banks can afford some decent bonus offers(like Chase does), so I do thank them for that.
glad I have platinum honors so I can get a whopping 0.012% APY instead
This is a no go. Easy decision.
The $250 for $20k is 7.5% (60 day hold), which I thought was worth it, given that I already had the savings account, and am trying to maintain preferred rewards status. Not the best offer around but not terrible. Free wires from fidelity, so you can fund right at day 30. It’s a bit better than the 5.5% you might be getting elsewhere.
how are you getting free wires from fidelity?
I think they’re always free, no? Moomoo has been running the wire bonus, $30/month for $10k. Easy money. I don’t get why everyone is poopoo’ing this. I’m getting 5.55% at Huntington savings (targeted) and I’m still doing the offer since it’s 7.5%. Where are you guys getting better than 7.5%? Yes I’m doing all the bonuses, laurel road, discover savings, moomoo, etc. why all the hate for 7.5% for two months plus bump your preferred rewards status?
Because there are way better bonuses. Most of the time, the only liquidity I have is my emergency funds and I don’t want to tie those up in what’s essentially a 2 month CD. The rest of my money is staying on the move for much better offers.
How does the Moomoo offer work? You just wire in via Fidelity then ACH pull out via Fidelity?
Yea I agree with this, but I just put the math at 65 day hold for free ACH. It turns it into 7.02%
🗑️ offer.
This is sad. Why tie up $20k for 2-3 months only to get the same interest rate I am getting in my Fidelity CMA/Brokerage?
Because it’s a Special Offer!!!
Wish it was higher, but agree not worth it.