Posted by William Charles on October 1, 2018
Current Savings Account Sign Up Bonuses

Published on October 1st, 2018 | by William Charles

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[Targeted] Barclays – Open A Savings Account & Earn 5,000 JetBlue Points

Deal has expired, view more Barclays deals by clicking here or more savings account bonuses here.

Offer at a glance

  • Maximum bonus amount: 5,000 JetBlue points
  • Availability: Targeted, must be JetBlue cardholder
  • Direct deposit required: None
  • 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 listed
  • Expiration date: December 15th, 2018

The Offer

No direct link, targeted offer sent out via e-mail

  • Barclays is offering some JetBlue cardholders 5,000 JetBlue points when they open a Barclays Online Savings Account and complete the following requirements:
    • Deposit $10,000 or more within 90 days of account opening
    • Have a balance of $10,000 or more at the end of this 90 day period

The Fine Print

  • Offer is valid for JetBlue cardmembers in good standing and is not transferable.
  • Cardmembers will earn 5,000 bonus TrueBlue points after opening a Barclays Online Savings Account before December 15, 2018, and making deposits totaling $10,000 or more within the first 90 days of account opening.
  • If your total deposit balance does not meet or exceed $10,000 at the end of this 90 day period you will not be eligible for any bonus points as part of this offer.
  • To receive your bonus points, your JetBlue credit card account must be open, active and in good standing. Your bonus points will appear on your statement up to 6-8 weeks after the end
    of the promotion.
  • 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

I wasn’t able to find a fee schedule so I’m unsure if there is any early account termination fee.

Our Verdict

This bonus is too small to be seriously worth considering. The account does come with a 1.9% APY, but there are so many other basic high yield savings accounts earning up to 2.25% APY that 1.9% is really not that competitive. The bonus itself is too small, even though JetBlue points are worth more than 1¢ each towards flights. I won’t be adding this to our list of the best savings account bonuses but it is interesting to see Barclays enter the bonus game.

Big thanks to reader, Celestino who let us know. Learn how to find bonuses and contribute to the site here.

Useful posts regarding bank bonuses:



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Sara
Sara

Man… for those requirements at least give 10k Jetblue! 5k is pretty garbage and for most people wont make a difference to their account.

Chucks
Chucks

I’d value the bonus at maybe $60-$90. Which is hardly anything for my time and opportunity cost on $10k

arnold semmons
arnold semmons

I didn’t receive that offer via email but I did see it while I was viewing my JetBlue credit card account online. I think maybe I’ll hold out until they give a better offer

Daryl J
Daryl J

From the fine print, doesn’t it seem like you just have to have that $10K in the account right before the 90th day? Is there an amount of time you need to keep it there?

Chris
Chris

Thanks for the great info. If I could get this with just $100, I’d gladly deposit and possibly forget about the account. But for $10k? I have the money, but it’s not chump change. I could get so much more points just by opening a card that I charge $1000 to, pay off, and throw away.

Jay
Jay

DP: Opened account 10/19/18 deposited 10k 1/15/19 withdrew 10k 1/23/19. Bonus is on my February credit card statement. Seems if you have 10k to float it’s easy enough to do to just let the money sit in the account for a week at the end of the 90 days. Still only a small bonus though.

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