4 High-Interest Savings Accounts with Great Sign-Up Bonuses

Why are banks always offering new incentives to customers? Banks want your business! If you open up a savings account at a bank, you’re more likely to use its many other services. Getting you set up with a savings account is a bank’s first step in getting you to use its home loans, credit cards, savings accounts, and even investment options.

This is why banks try to entice you to open a new account with special promotions, bonuses, and even offers of free cash. And you shouldn’t let their offers of free money or increased interest go to waste.

And sign-up bonuses give you the rare opportunity to receive hundreds of dollars, and there are no strings attached – you can choose to keep your account and earn money off the higher interest rate, or you can accept the free money and move on. It’s the perfect way to make a little extra cash.

Here are the best high-interest savings account promotions that will help you get more for your money.

1. Discover Online Savings Account

If you open a Discover Online Savings Account¹ right now, you’ll qualify for a sign-up bonus of $150. You just need to deposit a minimum of $15,000 into the account – or $20,000 if you want an extra $50 added to your bonus total. Only new Discover Bank savings customers can qualify for this bonus. On top of your bonus, you’ll earn an annual interest rate of 1.90 percent on your balance.

2. Capital One 360

Capital One is so much more than a credit card company – and with a Capital One² 360 savings account, you can earn a $25 bonus. All new customers who open a Capital One 360 account and make a minimum deposit of $250 will qualify. The bonus is automatically deposited into your account once you open it, though you won’t be able to withdraw that bonus during the first 30 days. The 360 savings account also pays a variable interest rate of 1.00 percent APY, and you have the chance to earn even more cash if you refer other new account holders. You’ll get up to $1,000 when you refer as many as 50 friends who open their own accounts with Capital One.

3. Chase Savings Account

Chase³ is offering a bonus of $150 to new customers who open Chase Savings accounts. In order to qualify for this bonus, just deposit a minimum of $10,000 into your new account and maintain a minimum balance of $10,000 for 90 days. Chase’s interest rate on the savings accounts is on the low side, totaling just 0.01 percent APY. However, if you have enough saved to make the initial deposit and can maintain your balance for 90 days, you’ll walk away with some extra cash.

4. Regions Bank LifeGreen Savings

Regions Bank⁴, a popular bank in Midwestern and Southern states, is offering new customers a 1 percent annual bonus of up to $100. In order to qualify for the bonus, you must open a Regions LifeGreen Checking Account with a deposit of at least $50 and sign up for automatic transfers from your checking account to your savings account. On top of the current bonus, you’ll also earn an interest rate of 0.01 percent and a one percent bonus on top of this regular interest rate – but you must transfer a minimum of $10 into your account automatically every month.

Reap the Benefits of Sign-Up Bonuses with a New Account

Being smart with your savings includes evaluating different offers from banks, including sign-up bonuses and interest rates. It can pay for you to open an account in order to take advantage of the sign-up bonus since it can add to your savings.

With all new account bonuses, make sure you understand the fees, penalties, and requirements before opening an account. You could find yourself at a loss rather than a gain if you close an account too early or fail to meet the deposit requirements. Instead, make it easy to earn a little – or a lot – of extra cash by doing your homework beforehand.

If you’re interested in a high-interest savings account offering a bonus, start a search today.

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