Bonus accounts

SAGA offers a highly competitive easy access account, which pays a 0.15% bonus for 12 months.

No deposit forex bonuses

The five best easy access savings accounts with a bonus, bonus accounts.

Its saga easy access savings account pays 0.70% AER monthly, which includes the bonus. After the 12 months, this rate falls to 0.55%. The account requires just a £1 minimum deposit to open and allows unlimited further additions and withdrawals. It must be opened online, but can then be managed online and by phone. Savers looking to get the best easy access savings rates , especially those who are nervous about banking with an unfamiliar brand, often have to choose an account offering an introductory bonus.

The five best easy access savings accounts with a bonus

Derin clark

Savers looking to get the best easy access savings rates , especially those who are nervous about banking with an unfamiliar brand, often have to choose an account offering an introductory bonus.

A bonus account will offer savers an introductory rate for a set period time –after this has ended, the rate will fall to the non-bonus rate, which can sometimes be significantly lower. As such, savers looking to take advantage of the higher bonus rate should make a note of when the bonus offer ends and switch to a new savings account when it does to ensure they are continuing to get the best rate possible.

Here, we’ve rounded up the five best-paying easy access accounts that include a bonus.

Provider	account	rate AER (including bonus)	bonus rate
SAGA	saga easy access savings account	0.70%	0.15% bonus for 12 months
AA	easy saver – issue 17	0.35%	0.34% bonus for 12 months
post office money®	instant saver (issue 13)	0.35%	0.34% bonus for 12 months
post office money®	online saver issue 49	0.35%	0.34% bonus for 12 months
citibank UK limited	reward saver issue 8 (citigold clients)	0.30%	0.40% bonus for 6 months

SAGA’s bonus account pays second-best easy access account rate

SAGA offers a highly competitive easy access account, which pays a 0.15% bonus for 12 months. Its saga easy access savings account pays 0.70% AER monthly, which includes the bonus. After the 12 months, this rate falls to 0.55%. The account requires just a £1 minimum deposit to open and allows unlimited further additions and withdrawals. It must be opened online, but can then be managed online and by phone.

Three bonus accounts pay 0.35% AER

Both the AA and post office money® have bonus accounts that pay 0.35% AER, which includes their bonus rates.

AA pays 0.35% on anniversary on its easy saver – issue 17, which includes a 0.34% bonus for 12 months. This means that after the 12-month period, the rate falls to just 0.01%. To open this account, a £100 minimum deposit is needed. It allows unlimited further additions and withdrawals can be made at any time. This account can be both opened and managed online and by phone.

Post office money® pays 0.35% AER yearly, which includes a 0.34% bonus, on both its instant saver (issue 13) and its online saver issue 49. After the bonus offer has ended, the rates on these accounts fall to 0.01%. Instant saver (issue 13) requires a £100 minimum deposit to open and permits unlimited further additions and withdrawals. It can be opened in branch or by post and then managed online, in branch, by post and by phone. Online saver issue 49 requires a £1 minimum deposit to open. Unlimited further additions and withdrawals are allowed. It must be opened and managed online. There is the option for interest to be paid monthly at a slightly reduced rate.

Citibank UK limited bonus increases gross rate

Citibank UK limited offers 0.30% AER monthly, which includes a bonus of 0.40% for six months. Due to the length of the bonus, the gross rate on this account is 0.50% for the first six months. After the bonus offer has ended, the rate falls to 0.10%. To open this account, a citigold current account is needed along with a minimum deposit of £1. It allows unlimited further additions. Withdrawals are allowed but no interest is paid in the month a withdrawal is made. This account can be opened online or in branch and then managed online, in branch, by phone and via mobile app.

Information is correct as of the date of publication (shown at the top of this article). Any products featured may be withdrawn by their provider or changed at any time.

Best brokerage account bonuses in january 2021

Brokerages are aggressively competing for your money. One way they do so is by offering competitive bonuses that you can add right to your brokerage account. It's important to know the best offers so that you can decide whether it's a good time to open a brokerage account and take advantage of what is often risk-free cash.

Here bankrate tracks the best brokerage account bonuses to help you compare active offers.

Best brokerage account bonuses in january 2021

Ally invest: $50 to $3,500

Merrill edge: $150 to $900

Charles schwab: $100 to $500 (personally referred friend offer)

E-trade: $50 to $2,500

Ally invest: $50, $200, $300, $600, $1,200, $2,500 or $3,500 bonus

New ally invest clients can earn up to a $3,500 cash bonus if they open a new account by march 31, 2021. The qualifying deposit must contain funds from outside of ally financial, and a person can only get the offer on one new ally invest securities LLC account. As an extra incentive, ally will credit your transfer fees from another brokerage, up to $150 as long as you bring at least $2,500 over to the new account.

Ally invest checks your deposit 60 days after your account is opened to determine the total qualifying deposit. You'll receive your cash bonus within 10 business days after this review.

To receive a cash bonus, you must:

Deposit at least $10,000 in a new ally invest account.

Be a U.S. Resident.

Not be an existing ally invest account holder or a former ally invest account holder (which includes former tradeking securities LLC account holders). You’re not eligible to receive the cash bonus if you closed one of these ally invest accounts within the past 90 days.

You must use the "open account" button associated with this offer on ally invest's site for opening your account to be eligible for this offer.

Here are the bonus tiers for this offer:

To receive the $50 bonus, deposit or transfer $10,000-$24,999.

To receive the $200 bonus, deposit or transfer $25,000-$99,999.

To receive the $300 bonus, deposit or transfer $100,000-$249.999.

To receive the $600 bonus, deposit or transfer $250,000-$499,999.

To receive the $1,200 bonus, deposit or transfer $500,000-$999,999.

To receive the $2,500 bonus, deposit or transfer $1 million -$1,999,999.

To receive the $3,500 bonus, deposit or transfer $2 million or more.

Once you receive your bonus, both the cash bonus and your qualifying deposit (minus any trading losses that are incurred) can't be withdrawn for 300 days. A withdrawal may cause ally invest to revoke your bonus.

Read bankrate’s ally invest review to learn more.

Merrill edge: $150, $225, $375 or $900 bonus

When you open a merrill edge IRA or cash management account and make a qualifying deposit within 45 days of opening you can earn up to a $900 bonus. You need to use offer code 900ME during the account opening. This can be done while applying online or using it when speaking to a merrill edge financial adviser on the phone or at select bank of america branches. This offer expires april 15, 2021.

To receive a cash reward, you must:

Enroll for the offer at the time of account opening.

Deposit net new assets of at least $20,000 into your merrill edge account within 45 days of opening the account.

You must be enrolled in the preferred rewards program within 90 days of making the deposit.

Maintain that balance for at least 90 days.

The offer limits you to one IRA - rollover, traditional, roth and sole-proprietor SEP only - and one cash management account. Each account holder can't have more than two enrolled accounts.

Assets from bank of america, merrill lynch, pierce, fenner & smith incorporated (MLPF&S), U.S. Trust, or 401(k) accounts administered by MLPF&S aren't qualifying net new assets.

You'll receive your cash reward two weeks after the initial 90-day period, assuming you meet eligibility requirements.

Business/corporate accounts, investment club accounts, partnership accounts and certain types of fiduciary accounts held at merrill edge aren't eligible for this offer. The offer also doesn't apply to accounts, which include iras or cmas, held with other business units of MLPF&S.

Here are the bonus tiers:

To receive the $150 cash reward, deposit $20,000 to $49,999.99.

To receive the $225 cash reward, deposit $50,000 to $99,999.99.

To receive the $375 cash reward, deposit $100,000 to $199,999.99.

To receive the $900 cash reward, deposit $200,000 or more.

Read bankrate’s merrill edge review to learn more.

Charles schwab: $100, $200, $300 or $500 (if you’re referred by a friend)

Schwab is offering personally referred friends the opportunity to earn up to $500 when they use a referral code, given to you by a current schwab customer, and open an eligible account at schwab.

To receive the bonus award, you must:

Receive a referral code from a friend or family member.

Be a new schwab client and make a qualifying net deposit within 45 days of both becoming a schwab customer and opening an eligible retail brokerage account.

You're limited to one per account and only one account per client when you receive a referral.

Schwab retail brokerage accounts and iras are eligible for this offer. This includes accounts that are enrolled in schwab-sponsored investment advisery programs, such as schwab intelligent portfolios, schwab managed portfolios, schwab managed account select and connection and schwab private client.

You'll receive your bonus approximately a week or two after the 45-day period ends if you made a qualifying deposit when becoming a new schwab customer and enrolling in the referral offer.

Schwab may charge back its bonus award if taxable accounts aren't kept at schwab for at least one year.

Here are the bonus tiers for this offer:

To receive a $100 bonus, deposit $1,000-$24,999.

To receive a $200 bonus, deposit $25,000-$49,999.

To receive a $300 bonus, deposit $50,000-$99,999.

To receive a $500 bonus, deposit $100,000 or more.

Read bankrate’s charles schwab review to learn more.

E-trade: $50, $100, $150, $200, $300, $600, $1,200 or $2,500 bonus

You can earn a cash bonus if you open a retirement or brokerage account and fund it with $5,000 or more within 60 days of account opening. Your account must be opened by jan. 31, 2021.

To receive a cash bonus, you must:

Use promo code WINTER21 when opening the account.

Open your new account with funds or securities from accounts outside of E-trade. You need to also keep the new account (minus any trading losses) for at least 12 months to keep the cash bonus.

Here are the cash bonus tiers for this offer:

To receive a $50 bonus, deposit or transfer $5,000-$9,999.

To receive a $100 bonus, deposit or transfer $10,000-$19,999.

To receive a $150 bonus, deposit or transfer $20,000-$24,999.

To receive a $200 bonus, deposit or transfer $25,000-$99,999.

To receive a $300 bonus, deposit or transfer $100,000-$249,999.

To receive a $600 bonus, deposit or transfer $250,000-$499,999.

To receive a $1,200 bonus, deposit or transfer $500,000-$999,999.

To receive a $2,500 bonus, deposit or transfer $1 million or more.

Read bankrate’s E-trade review to learn more.

Bonus accounts

You may stake up to the amount of the balance available in your account. We do not offer accounts with a credit facility.

Winnings which are generated from promotional free spins will go into your bonus credit account.

When a bet or stake is placed and confirmed, the corresponding amount is deducted from your account balance.

Game specific rules will be made available to you when you start playing a game. These rules can be located on the website and within each game. These are referred to as the rules of the games. It is your responsibility to read and understand these game specific rules before you start playing.

It is your responsibility to check that the bet instructions you have submitted are correct before committing to play.

Winnings from deposits will go into your cashable credit account.

All bonuses (including winnings from promotional free spins) will be credited to your bonus credit account and are subject to the bonus credit wagering requirement. Winnings from bonus credit will also be credited to your bonus credit account.

Once your bonus credit wagering requirement balance is £0, any remaining bonus credit will automatically be transferred as winnings to your cashable credit account.

If your bonus credit account balance is £0, you should contact us to remove any remaining wagering requirements from your account. You can contact our customer support team on 01384 885046.

In the event that you withdraw cashable credit before you have met your bonus credit wagering requirement (i.E. Before your bonus credit wagering requirement balance is £0) your bonus credit and bonus credit wagering requirement will be reduced by the same percentage that you have withdrawn from your cashable credit. By way of example only: you have made a first deposit of £10, credited to your cashable credit account, and received a first deposit match bonus of £10, credited to your bonus credit account; your bonus credit wagering requirement balance is £400 (i.E. 40 x bonus of £10); you play through your £10 deposit once on a slots game and win £50. Your bonus credit wagering requirement balance is unchanged (as you have not yet staked any bonus credit); you are free to withdraw the £50 winnings, stored in your cashable credit account, but you choose to only withdraw £25 (i.E. 50%); as your bonus credit wagering requirement balance is not yet £0, you will forfeit 50% of your bonus credit (reducing it to £5) and your bonus credit wagering requirement balance will be reduced by 50% (reducing it to £200).

If bonus abuse is discovered we may at our discretion remove rewards as outlined in section 7b.

In the event that you stake both cashable credit and bonus credit, any winnings will be applied proportionately to your cashable credit and bonus credit accounts and your bonus credit wagering requirement balance will be reduced only by the amount of bonus credit used. By way of example only: you have deposited £5, credited to your cashable credit account, and have received a first deposit match bonus of £5, credited to your bonus credit account; your bonus wagering requirement is £200 (i.E. 40 x bonus of £5); you elect to stake £10 on a slots game; as you do not have enough cashable credit to cover your stake, the remaining £5 (50%) will be deducted from your bonus credit and your bonus credit wagering requirement balance will be reduced by £5 to £195; you win £50; £25 of your winnings (i.E. 50%) will be credited to your cashable credit account; and £25.00 of your winnings (i.E. 50%) will be credited to your bonus credit account.

When betting on our betting and gaming products, the percentage of your stake that will contribute to the bonus credit wagering requirement is as follows:

When playing with bonus credit winnings from casino games, the wagering contribution taken from the remaining bonus wagering will be the contribution % of the casino game that the winnings came from, regardless of which game in being played. For example, if you win £10 on roulette, then play with that £10 in a slots game, the wagering contribution for the slots play will be 10% (the casino game wagering contribution).

Stakes from your account will be made in this order:

Free spins (if any);

Any amounts in your cashable credit account which comprise of winnings from bonus credit;

Any amounts in your cashable credit account which comprise of winnings from deposits;

Any deposited amounts in your cashable credit account; and

Any bonus amounts in your bonus credit account.

By placing a real money bet, you warrant that you are legally able to do so within your jurisdiction and that you accept that we are unable to provide any warranties as to the legality or otherwise of your participation in real money play. It is your responsibility to determine if remote gambling is legal in your jurisdiction.

In the event of a disconnection from the service whilst you are using our betting and gaming products, you are advised to log back in as quickly as possible. If you experience disconnection difficulties on a regular basis, please consult your service provider as to what measures can be initiated to help reduce this risk. We shall not be responsible for any damages, liabilities or losses suffered as result of the disconnection of players during play.

Section 7: bonuses

Section 7a: general rules applicable to bonuses

We offer a number of opportunities for players to qualify for bonus credit which is added to a player’s bonus credit account. This includes, for new players, the introductory free spins, deposit activated free spins and the deposit match bonuses. Other bonuses are available from time to time. All bonuses can be used to win real money.

All bonuses will be subject to successful verification of your identity (name, address and date of birth). No bonuses can be used until the process is complete.

Bonuses will be added to your bonus credit account. All bonuses are subject to the bonus wagering requirement and specific game stake contribution % as stated in section 6 term 39. Winnings arising out of bonus credit will also be credited to your bonus credit account. Once your bonus credit wagering requirement balance is £0, any remaining bonus credit will automatically be transferred as winnings to your cashable credit account.

When you download a game with a free bonus attached, the bonus can be claimed only once. There will be no bonuses for subsequent downloads of the same game by you.

You may receive regular updates by text message advising you of bonuses received depending on your account settings.

From time to time we may offer bonuses that, if not used, expire after a certain time period. Please note that if the bonus is not used within this time period, it will disappear from your account.

If you sign up to a promotion offering a free bonus or free spins without the need to make a deposit the maximum withdrawal that you can make is £50 on bonus boss if you are a UK player and £50/ 50 euros/ $50 or other currency equivalent if you are a non-UK player. This withdrawal limit applies to each promotion of this type providing you have made at least one deposit on your respective account. If you have not made any deposits then this withdrawal limit is applied throughout the lifetime of your respective account for funds won from promotions of this type.

Best bank account bonuses for january 2021

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If you’re wishing you had more savings right now, you’re not alone. Many americans impacted by the coronavirus are finding that they need additional funds to make ends meet. A bit of extra cash could be a big help. Fortunately, a number of banks are still giving out free stacks of cash.

In exchange for opening a new savings or checking account, you could wind up with an extra $200 or $300 dollars (or more). Shopping around for a new bank account isn’t exactly exciting, but at a time like this it could be worth your while.

Here are some of the best bank account bonuses in january. Compare these offers along with cds and other savings accounts that pay more interest. And check out other types of bonuses, too, like the best brokerage account bonuses.

Summary of the best bank account bonuses

Best checking account bonuses

Associated bank: $500 bonus

HSBC bank: $200 or $450 bonus

TD bank: $150 or $300 bonus

Huntington national bank: $150, $200, $400, $500 or $750 bonus

Suntrust (truist) bank: $200 or $500 bonus

Bank of america: $100 bonus

Axos bank: $100 bonus for new business owners

Best checking and savings account bonus

Best referral bonuses

Axos bank: $20 for referral and referee

Chase: $50 for each referral up to $500

Chime: $50 for referral and referee

TD bank: $50 for referral and referee

HSBC bank: $100, $250, $300 or $600 referral bonus

Best checking account offers

Associated bank: $500 bonus

Earn $500 when you open a new checking account with associated bank by may 31, 2021. To qualify, you must:

Not have opened an account with associated bank within the last six months.

Keep the account open for a minimum period of 12 months.

Receive direct deposits totaling $500 or more within the first 90 days of account opening.

Associated bank is based in green bay, wisconsin and has branches located in illinois, minnesota and wisconsin.

HSBC bank: $200 or $450 bonus

HSBC has a couple of checking account bonuses available online. Through jan. 7, 2021, you can earn:

$200 for opening an HSBC advance checking account online and receiving recurring monthly direct deposits totaling $500 for three consecutive months (from the second full calendar month after opening the account).

$450 for opening an HSBC premier checking account online and receiving monthly direct deposits of at least $5,000 for three consecutive months (from the second full calendar month after opening the account).

Another option is to opt for a bonus that pays 3 percent cash back (up to $600 for new premier checking account holders. This offer also expires on jan 7. To qualify, you’ll need to set up recurring direct deposits to an HSBC premier checking account at least once per calendar month for six consecutive months following the account’s opening month.

HSBC is based in mclean, virginia. It earned 3.9 out of 5 stars in bankrate’s full review of its products and offerings.

TD bank: $150 or $300 bonus

A $300 bonus is available for TD bank customers who:

Open a beyond checking account online.

Have never had a TD bank personal checking account.

Have at least $2,500 worth of direct deposit funds within 60 days of opening the account.

There’s also a $150 cash bonus if you’d prefer a convenience checking account (requires direct deposits of $500 within 60 days of opening the account).

Bonuses are available to residents in the district of columbia, pennsylvania and every state on the east coast except georgia.

TD bank is based in wilmington, delaware. In bankrate’s review of TD bank’s services and product offerings, it earned 3.5 out of 5 stars.

Huntington national bank: $150, $200, $400, $500 or $750 bonus

Huntington bank has a few checking account bonuses available for both consumers and business owners. Through jan. 7, 2021 you can earn:

$150 for opening an asterisk-free checking account and making a cumulative deposit of at least $1,000 within 60 days of the account opening.

$200 for opening a huntington 5 checking account and making a cumulative deposit of at least $1,000 within 60 days of the account opening.

$200 for opening a business checking 100 account and making a cumulative deposit of at least $2,000 within 60 days of the account opening.

$400 for opening an unlimited business checking account and making a cumulative deposit of at least $5,000 within 60 days of the account opening.

$500 for opening a huntington 25 checking account and making a cumulative deposit of at least $15,000 within 60 days of the account opening.

$750 for opening an unlimited plus business checking account and making a cumulative deposit of at least $20,000 within 60 days of the account opening.

These offers are only valid for residents of ohio, michigan, indiana, pennsylvania, kentucky, west virginia, illinois and wisconsin.
Huntington is based in columbus, ohio. In the full review of its banking products and offerings, the bank earned 3.4 out of 5 stars.

Truist (formerly suntrust and BB&T) bank: $200

Open a suntrust essential checking account online by march 31, 2021 and earn $200 by having direct deposits of at least $500 made per statement cycle for two consecutive cycles (within the first three months of opening the account). The promotional code you’ll need to use is CHECKINGQ121.

The offers are valid for residents of alabama, arkansas, georgia, florida, maryland, mississippi, north carolina, south carolina, tennessee, virginia or the district of columbia. To qualify, you cannot have an existing suntrust personal checking account or have closed one on or after july 9, 2020 suntrust and BB&T have now merged to become truist bank.

Bank of america: $100 bonus

New checking customers can earn $100 from bank of america when they open an account online. The offer expires june 30, 2021. To get the bonus, you must:

Not have had a bank of america personal checking account within the past six months.

Open a new advantage safebalance banking, advantage plus banking or advantage relationship banking account online.

Make an opening deposit ($25 opening deposit for the advantage safebalance banking account and $100 opening deposit for the others).

Receive two direct deposits of at least $250 each within 90 days of opening your account.

An offer code (DOC100CIS) is needed to qualify for the bonus.

Bank of america is headquartered in charlotte, north carolina. It earned 3.2 out of 5 stars in bankrate’s full review of its products and services.

Axos bank: $100 bonus for new business owners

New small business owners have the opportunity to earn a $100 bonus when they open a small business checking account with axos bank. The offer expires march 31, 2021. To get the bonus, you must:

Have incorporated your business after june 1, 2020

Maintain a daily balance of at least $2,500

All deposits must be new money

An offer code (NEWBIZ100) is needed when applying.

Axos is headquartered in san diego, california. It earned 4.6 out of 5 stars in bankrate’s full review of its products and services.

Best checking and savings account bonus

Chase bank: $150 or $200 bonus

Through jan. 20, 2021, chase is offering a bonus on new checking and savings accounts.

To earn $150, open a chase savings account and deposit a total of $10,000 or more within 20 days and maintain the balance for 90 days.

To earn $200, open a new total checking account and have a direct deposit totaling $500 or more within the first 90 days.

To qualify for the bonus, you must not have an existing chase fiduciary or checking account (or had one closed with a negative balance or within the last 90 days).

Chase bank has branches in 26 states including georgia and florida and in the western, southwestern, midwestern and northern parts of the country.

Our review of chase’s banking products and services gave the bank 3.4 out of 5 stars. Chase is headquartered in columbus, ohio.

Citibank: $200, $400 or $700 bonus

Customers in the market for a new checking and savings account can open both through citi and potentially earn a bonus.

To earn $300, open an eligible checking or savings account in the citibank account package. Deposit $15,000 within 30 days and maintain that balance for 60 days.

To earn $700, open checking and savings accounts in the citi priority account package. Deposit $50,000 within 30 days and maintain that balance for 60 days.

Both offers expire april 1, 2021. Citibank is based in sioux falls, south dakota. In bankrate’s review of citibank’s full suite of products and offerings, it earned 4.3 out of 5 stars.

Best bank account referral bonuses

Axos bank: $20 for referral and referee

Current axos customers have the opportunity to earn and give $20 for referring a friend to the essential checking account.

To qualify for the bonus, your friend must:

Not have owned an axos bank account

Use your personalized referral link

Add and maintain at least $500 for a full month

Receive a direct deposit of at least $100 within the first two months

If all requirements are met, both parties will receive $20 in their bank account.

Axos is headquartered in san diego, california. It earned 4.6 out of 5 stars in bankrate’s full review of its products and services.

Chase: $50 for each referral up to $500

Current chase customers can earn $50, up to $500 per calendar year, for each friend who opens a qualifying checking or savings account.

To qualify, your friend must:

Use your personalized referral link

Open a chase total checking, chase savings or chase college checking account

Be in good standing at the time of payout

The bonus your friend will receive depends on the type of account she opens and whether she completes the qualifying activities outlined in the bonus.

Our review of chase’s banking products and services gave the bank 3.4 out of 5 stars. Chase is headquartered in columbus, ohio.

Chime: $50 for referral and referee

Current chime customers can get $50 for each friend they refer. To qualify for the bonus, you must:

Be a new chime customer

Use your personalized referral link

Receive a single qualifying direct deposit of $200 or more from a payroll provider within 45 days of opening the account

If all qualifying activities are met, both parties will receive $50.

Chime is based in san francisco, california and is a neobank, meaning it strictly operates online and partners with a bank to hold your deposits.

TD bank: $50 for referral and referee

TD bank customers can earn and give $50 when they refer a friend to a TD bank personal checking account. To qualify for the bonus, your friend must:

Bring in a referral form with your information

Be a new TD bank customer

Receive a direct deposit of at least $250

OR make at least 15 debit card purchases within 60 days of opening the account

You can refer up to 10 friends per calendar year, meaning you could earn up to $500.

TD bank is based in wilmington, delaware. In bankrate’s review of TD bank’s services and product offerings, it earned 3.5 out of 5 stars.

HSBC bank: $100, $250, $300 or $600 referral bonus

Current HSBC customers have a few referral bonuses to choose from that range from as little as $100 all the way up to $600, with the opportunity to earn up to $2,000 per calendar year.

To qualify for each bonus, your friend must use your personalized referral code and complete the qualifying activities listed for each account.

Here are the current bonuses and what your friend will need to do to qualify for them.

$100 for choice checking: deposit and maintain a balance of $1,500 or receive monthly recurring direct deposits.

$250 for advance checking: deposit and maintain a balance of $5,000 or receive monthly recurring direct deposits or have an HSBC U.S. Residential mortgage.

$300 for fusion (business): deposit and maintain a balance of $5,000 within 30 days of account opening and register and logon to hsbcnet

$600 for premier checking: deposit and maintain a balance of $75,000 or receive monthly recurring direct deposit of at least $5,000, or have an HSBC U.S. Residential mortgage loan with an amount of at least $500,000

These offers expire on jan. 31, 2021.

HSBC is based in mclean, virginia. It earned 3.9 out of 5 stars in bankrate’s full review of its products and offerings.

Banks use sign-up bonuses to distinguish themselves from others in the industry. Cash bonuses also help financial institutions bring in new customers and new deposits.

While they could pay account holders a higher yield, for some banks, offering a bonus is preferable.

“it’s much easier to quantify the bonus than it is to raise the rate on what you’re paying out on deposits,” says greg mcbride, CFA, bankrate chief financial analyst.

Some banks, like chase, offer more than one sign-up bonus. But qualifying for multiple bonuses at the same time at the same bank usually isn’t possible. Bank account bonuses are typically available only to new checking or savings account holders.

What to watch out for

Every bank account bonus isn’t a good deal. Before you sign up, read the fine print.

Watch out for sky-high minimum balance requirements and monthly fees that could eat into your earnings. If earning a bonus seems to require too much effort, you might want to look for another one.

If you’re applying for a checking account, make sure it’s a good match that meets your needs. For example, if you need them, double-check that there are plenty of branches and atms in your area. That way, you’re not driving miles to meet with a banker or wasting money on out-of-network ATM fees. And with coronavirus forcing banking to shift online more than ever before, look for a bank or credit union that offers a solid set of digital tools.

If you’re looking for a new savings account, consider whether you’re better off finding another bank that pays more interest.

For instance, these one-time bonuses are typically offered on accounts that pay minimal interest. So while the bonus is great initially, you may be sacrificing the long-term return.

Hisave bonus saver account

Hisave bonus saver account 0.20% AER

Get upto 0.20% AER.

Rate includes a 0.00% AER fixed rate bonus for 12 months from account opening. After 12 months, the interest rate will revert to our standard variable rate, 0.20% AER variable.

Start saving with as little as £1.

Easy access to your savings – no withdrawal penalties.

Direct transfers can be made from hisave bonus saver account to hisave savings account / hisave supersaver savings account or vice-versa by calling our customer service centre.

Monthly interest payments for standard variable interest rate.

Existing hisave customers can call 0344 412 4444 to open additional hisave accounts.

Account management services are currently not available on mobile banking app for hisave bonus saver account.

This product is no longer available to apply. The product was available from 17th january 2019 to 14th february 2019.

Hisave bonus saver account - product details

Product summary

ICICI bank UK PLC has its registered office at one thomas more square, london E1W 1YN. It is authorised by the prudential regulation authority and regulated by the financial conduct authority and prudential regulation authority (registration number: 223268). It is subject to the laws of england and wales. It is registered in england and wales as a public limited company (registration number 04663024).

ICICI BANK UK PLC – we are authorised by the prudential regulation authority and regulated by the financial conduct authority and prudential regulation authority (registration number: 223268).

We are covered by the financial services compensation scheme (FSCS). The FSCS can pay compensation to depositors if a bank is unable to meet its financial obligations. Most depositors – including most individuals and businesses – are covered by the scheme.

In respect of deposits, from 30 january 2017, an eligible depositor is entitled to claim up to £85,000. For joint accounts each account holder is treated as having a claim in respect of their share so, for a joint account held by two eligible depositors, the maximum amount that could be claimed would be £85,000 each (making a total of £170,000). The £85,000 limit relates to the combined amount in all the eligible depositor’s accounts with us including their share of any joint account, and not to each separate account.

For further information about the compensation provided by the FSCS (including the amounts covered and eligibility to claim) please ask at your local branch, refer to the FSCS website www.Fscs.Org.Uk or call the FSCS on 0800 678 1100 or 020 7741 4100. Please note only compensation related queries should be directed to the FSCS.

What is the interest rate?

Standard variable interest rate

0.20% AER from 15 th february, 2021

Interest is paid monthly

Bonus interest

You can earn a bonus interest of 0.00% until the bonus period ends.

Bonus interest is calculated on a daily basis.

The total interest rate including this bonus interest will be 0.20% AER.

Interest is accrued daily on the day end cleared balance and paid into your account on the last business day of each month. This means that interest is compounded monthly.

Can ICICI bank UK PLC change the interest rate?

Yes, the standard variable rate can be changed.

As per hisave terms and conditions 11.10.2, we will communicate any change in interest rate to you by posting it on the website, informing the customer service centre and writing to you by post or email in the following ways:

A. If the change is to your advantage, we will tell you within 30 days of the change.
B. If a change in interest rate is not to your advantage, we will always notify you in advance of the change taking effect

What would the estimated balance be after 12 months based on a £1000 deposit?

The above example is applicable when amount is deposited for complete year and is not withdrawn from the account

How do I open and manage my account?

Eligibility:

You must be a UK resident (for at least the last year) and aged 18 or over. Please note:

The UK does not include the channel islands and the isle of man.

Businesses cannot open hisave accounts.

You need to provide the account number and sort code of a UK bank or building society current account held in your name(s).

The account must have a chequebook in your name(s), should offer direct debit payment facilities & should have electronic funds transfer facility.

This account will be your nominated linked account – the account from which your initial deposit will be taken.

You must have a valid email address.

This product is no longer available to apply. The product was available from 17th january 2019 to 14th february 2019.

Please refer to the rates & charges in the link

Call us 24/7 on 0344 412 4444 (calls to this number use free plan minutes if available, otherwise they cost the same as 01/02 prefix calls) or email hisave enquiries

Interest rates

Hisave bonus saver rates effective from 17th january 2019 for application received from 17th january 2019.

Period	balance	standard variable interest rates (AER / gross)	bonus interest rates** (AER / gross)	interest including bonus (AER / gross)
from 15th february 2021	1 GBP and above	0.20% AER (0.20% gross)	0.00%	0.20% AER (0.20% gross)
from 29th december 2020 to 14th february 2021	1 GBP and above	0.40% AER (0.40% gross)	0.00%	0.40% AER (0.40% gross)
from 22nd august 2020 to 28th december 2020	1 GBP and above	0.65% AER (0.65% gross)	0.30%	0.95% AER (0.95% gross)
from 1st august 2020 to 21 st august 2020	1 GBP and above	0.90% AER (0.90% gross)	0.30%	1.20% AER (1.19% gross)
from 17th january 2019 to 31st july 2020	1 GBP and above	1.25% AER (1.24% gross)	0.30%	1.55% AER (01.54% gross)

** bonus interest rate would be applicable for bonus period only, which is from 12 month from account opening.

AER stands for annual equivalent rate and illustrates what the interest rate would be if interest was paid and compounded once each year.

Interest is calculated daily.

The standard variable interest is accrued daily and credited to the account monthly.

Bonus interest is accrued daily and will be paid at the end of 12 months from account opening date.

Best brokerage account bonuses in january 2021

Ally invest: $50 to $3,500

Merrill edge: $150 to $900

Charles schwab: $100 to $500 (personally referred friend offer)

E-trade: $50 to $2,500

Ally invest: $50, $200, $300, $600, $1,200, $2,500 or $3,500 bonus

Ally invest checks your deposit 60 days after your account is opened to determine the total qualifying deposit. You'll receive your cash bonus within 10 business days after this review.

To receive a cash bonus, you must:

Deposit at least $10,000 in a new ally invest account.

Be a U.S. Resident.

Not be an existing ally invest account holder or a former ally invest account holder (which includes former tradeking securities LLC account holders). You’re not eligible to receive the cash bonus if you closed one of these ally invest accounts within the past 90 days.

You must use the "open account" button associated with this offer on ally invest's site for opening your account to be eligible for this offer.

Here are the bonus tiers for this offer:

To receive the $50 bonus, deposit or transfer $10,000-$24,999.

To receive the $200 bonus, deposit or transfer $25,000-$99,999.

To receive the $300 bonus, deposit or transfer $100,000-$249.999.

To receive the $600 bonus, deposit or transfer $250,000-$499,999.

To receive the $1,200 bonus, deposit or transfer $500,000-$999,999.

To receive the $2,500 bonus, deposit or transfer $1 million -$1,999,999.

To receive the $3,500 bonus, deposit or transfer $2 million or more.

Read bankrate’s ally invest review to learn more.

Merrill edge: $150, $225, $375 or $900 bonus

To receive a cash reward, you must:

Enroll for the offer at the time of account opening.

Deposit net new assets of at least $20,000 into your merrill edge account within 45 days of opening the account.

You must be enrolled in the preferred rewards program within 90 days of making the deposit.

Maintain that balance for at least 90 days.

The offer limits you to one IRA - rollover, traditional, roth and sole-proprietor SEP only - and one cash management account. Each account holder can't have more than two enrolled accounts.

Assets from bank of america, merrill lynch, pierce, fenner & smith incorporated (MLPF&S), U.S. Trust, or 401(k) accounts administered by MLPF&S aren't qualifying net new assets.

You'll receive your cash reward two weeks after the initial 90-day period, assuming you meet eligibility requirements.

Here are the bonus tiers:

To receive the $150 cash reward, deposit $20,000 to $49,999.99.

To receive the $225 cash reward, deposit $50,000 to $99,999.99.

To receive the $375 cash reward, deposit $100,000 to $199,999.99.

To receive the $900 cash reward, deposit $200,000 or more.

Read bankrate’s merrill edge review to learn more.

Charles schwab: $100, $200, $300 or $500 (if you’re referred by a friend)

Schwab is offering personally referred friends the opportunity to earn up to $500 when they use a referral code, given to you by a current schwab customer, and open an eligible account at schwab.

To receive the bonus award, you must:

Receive a referral code from a friend or family member.

Be a new schwab client and make a qualifying net deposit within 45 days of both becoming a schwab customer and opening an eligible retail brokerage account.

You're limited to one per account and only one account per client when you receive a referral.

You'll receive your bonus approximately a week or two after the 45-day period ends if you made a qualifying deposit when becoming a new schwab customer and enrolling in the referral offer.

Schwab may charge back its bonus award if taxable accounts aren't kept at schwab for at least one year.

Here are the bonus tiers for this offer:

To receive a $100 bonus, deposit $1,000-$24,999.

To receive a $200 bonus, deposit $25,000-$49,999.

To receive a $300 bonus, deposit $50,000-$99,999.

To receive a $500 bonus, deposit $100,000 or more.

Read bankrate’s charles schwab review to learn more.

E-trade: $50, $100, $150, $200, $300, $600, $1,200 or $2,500 bonus

You can earn a cash bonus if you open a retirement or brokerage account and fund it with $5,000 or more within 60 days of account opening. Your account must be opened by jan. 31, 2021.

To receive a cash bonus, you must:

Use promo code WINTER21 when opening the account.

Open your new account with funds or securities from accounts outside of E-trade. You need to also keep the new account (minus any trading losses) for at least 12 months to keep the cash bonus.

Here are the cash bonus tiers for this offer:

To receive a $50 bonus, deposit or transfer $5,000-$9,999.

To receive a $100 bonus, deposit or transfer $10,000-$19,999.

To receive a $150 bonus, deposit or transfer $20,000-$24,999.

To receive a $200 bonus, deposit or transfer $25,000-$99,999.

To receive a $300 bonus, deposit or transfer $100,000-$249,999.

To receive a $600 bonus, deposit or transfer $250,000-$499,999.

To receive a $1,200 bonus, deposit or transfer $500,000-$999,999.

To receive a $2,500 bonus, deposit or transfer $1 million or more.

Read bankrate’s E-trade review to learn more.

Hisave bonus saver account

Hisave bonus saver account 0.20% AER

Get upto 0.20% AER.

Rate includes a 0.00% AER fixed rate bonus for 12 months from account opening. After 12 months, the interest rate will revert to our standard variable rate, 0.20% AER variable.

Start saving with as little as £1.

Easy access to your savings – no withdrawal penalties.

Direct transfers can be made from hisave bonus saver account to hisave savings account / hisave supersaver savings account or vice-versa by calling our customer service centre.

Monthly interest payments for standard variable interest rate.

Existing hisave customers can call 0344 412 4444 to open additional hisave accounts.

Account management services are currently not available on mobile banking app for hisave bonus saver account.

This product is no longer available to apply. The product was available from 17th january 2019 to 14th february 2019.

Hisave bonus saver account - product details

Product summary

ICICI BANK UK PLC – we are authorised by the prudential regulation authority and regulated by the financial conduct authority and prudential regulation authority (registration number: 223268).

What is the interest rate?

Standard variable interest rate

0.20% AER from 15 th february, 2021

Interest is paid monthly

Bonus interest

You can earn a bonus interest of 0.00% until the bonus period ends.

Bonus interest is calculated on a daily basis.

The total interest rate including this bonus interest will be 0.20% AER.

Interest is accrued daily on the day end cleared balance and paid into your account on the last business day of each month. This means that interest is compounded monthly.

Can ICICI bank UK PLC change the interest rate?

Yes, the standard variable rate can be changed.

What would the estimated balance be after 12 months based on a £1000 deposit?

The above example is applicable when amount is deposited for complete year and is not withdrawn from the account

How do I open and manage my account?

Eligibility:

You must be a UK resident (for at least the last year) and aged 18 or over. Please note:

The UK does not include the channel islands and the isle of man.

Businesses cannot open hisave accounts.

You need to provide the account number and sort code of a UK bank or building society current account held in your name(s).

The account must have a chequebook in your name(s), should offer direct debit payment facilities & should have electronic funds transfer facility.

This account will be your nominated linked account – the account from which your initial deposit will be taken.

You must have a valid email address.

This product is no longer available to apply. The product was available from 17th january 2019 to 14th february 2019.

Please refer to the rates & charges in the link

Call us 24/7 on 0344 412 4444 (calls to this number use free plan minutes if available, otherwise they cost the same as 01/02 prefix calls) or email hisave enquiries

Interest rates

Hisave bonus saver rates effective from 17th january 2019 for application received from 17th january 2019.

Period	balance	standard variable interest rates (AER / gross)	bonus interest rates** (AER / gross)	interest including bonus (AER / gross)
from 15th february 2021	1 GBP and above	0.20% AER (0.20% gross)	0.00%	0.20% AER (0.20% gross)
from 29th december 2020 to 14th february 2021	1 GBP and above	0.40% AER (0.40% gross)	0.00%	0.40% AER (0.40% gross)
from 22nd august 2020 to 28th december 2020	1 GBP and above	0.65% AER (0.65% gross)	0.30%	0.95% AER (0.95% gross)
from 1st august 2020 to 21 st august 2020	1 GBP and above	0.90% AER (0.90% gross)	0.30%	1.20% AER (1.19% gross)
from 17th january 2019 to 31st july 2020	1 GBP and above	1.25% AER (1.24% gross)	0.30%	1.55% AER (01.54% gross)

** bonus interest rate would be applicable for bonus period only, which is from 12 month from account opening.

AER stands for annual equivalent rate and illustrates what the interest rate would be if interest was paid and compounded once each year.

Interest is calculated daily.

The standard variable interest is accrued daily and credited to the account monthly.

Bonus interest is accrued daily and will be paid at the end of 12 months from account opening date.

Lifetime ISA

You can put in up to £4,000 each year, until you’re 50. The government will add a 25% bonus to your savings, up to a maximum of £1,000 per year.

The lifetime ISA limit of £4,000 counts towards your annual ISA limit. This is £20,000 for the 2020 to 2021 tax year.

You can hold cash or stocks and shares in your lifetime ISA , or have a combination of both.

Withdrawing money from your lifetime ISA

You can withdraw money from your ISA if you’re:

Buying your first home

Aged 60 or over

Terminally ill, with less than 12 months to live

You’ll pay a withdrawal charge if you withdraw cash or assets for any other reason (also known as making an unauthorised withdrawal). This recovers the government bonus you received on your original savings.

The charge is currently 20%. It goes back up to 25% on 6 april 2021.

Assuming no growth, initial savings of £800 will earn a 25% government bonus of £200 and give you a pot of £1,000. If you wish to withdraw the entire pot, a 20% charge will apply to the full £1,000. You’ll have to pay a government withdrawal charge of £200. This will leave you with £800, which is the same as you originally paid in.

If you only wish to access some of your money, you’ll have to take the withdrawal charge into account when requesting funds. You’ll have to withdraw more than the amount you need, to cover your needs and the 20% withdrawal charge.

If you need enough cash to cover a £120 bill, you’ll have to withdraw more than you actually require. Withdrawing £150 means you pay a 20% withdrawal charge of £30, and receive £120 in cash to meet the bill.

If you’ve made an unauthorised withdrawal since 6 march 2020

The new withdrawal charge of 20% was introduced on 6 march 2020. If you’ve been charged at the old rate of 25%, the difference will be paid back into your lifetime ISA . Contact your lifetime ISA provider if this does not happen.

Buying your first home

You can use your savings to help you buy your first home if all the following apply:

Buying with someone else

If you have a lifetime ISA and a help to buy ISA , you can only use the government bonus from one of them to buy your first home.

Saving for later life

You can take your savings out of a lifetime ISA when you’re 60 or over.

You’ll pay a 20% charge if you withdraw money or transfer the lifetime ISA to another type of ISA before 60.

The best savings account bonus offers and promotions

These savings account promotions reward you with one-time bonuses and great interest rates just for signing up.

Updated jan 14, 2021 . What changed?

We review over 120 savings accounts at the beginning of each month and select those with the highest promotional value, regardless of minimum deposits. We include checking accounts only if there are attached savings account requirements, and we omit bonuses that are only available to a few states.

What’s changed in 2021?

We updated savings bonus offers for citi and bask bank. We added the suze orman ultimate opportunity savings account bonus to our list after it was announced by alliant credit union in january.

6 best savings bonus offers

Here’s a snapshot of the five best savings account bonus offers:

Account	bonus total	minimum deposit	expiration	more info
citi priority account	$700 bonus	$50,000	april 1, 2021	learn more
citibank® account package	$300 bonus	$15,000	april 1, 2021	learn more
chase savings	$150 bonus	$10,000	january 20, 2021	learn more
chase private client	$2,000 bonus	$250,000	january 15, 2021	learn more
bask bank savings	1,000 aadvantage bonus miles	$5,000	june 30, 2021	learn more
suze orman ultimate opportunity savings	$100 bonus	$0	march 31, 2021	learn more

Closer look at the best savings accounts bonus offers

Take a closer look at the best savings account promotions by reviewing the fine print of each one:

Citi priority account: $700 bonus

Bonus amount: $700

Minimum deposit required: $50,000

Interest rate: 0.04% to 0.5%, depending on your location

Offer rules: open new, qualifying savings and checking accounts as part of the citi priority account package. Within 30 days, deposit at least $50,000 into your combined accounts and keep the amount for 60 consecutive calendar days.

Eligibility: available only to new citibank customers.

Expiration: bonus available until april 1, 2021.

Citibank® account package: $300 bonus

Bonus amount: $300

Minimum deposit required: $15,000

Interest rate: 0.04% to 0.5%, depending on your location

Offer rules: open new, qualifying savings and checking accounts as part of the citibank account package. Within 30 days, deposit at least $15,000 into your combined accounts and keep the amount for 60 consecutive calendar days.

Eligibility: available only to new citibank customers.

Expiration: bonus available until april 1, 2021.

Chase savings: $150 bonus

Bonus amount: $150

Minimum deposit required: $10,000

Interest rate: 0.01% APY

Offer rules: earn $150 when you open a new chase savings account by january 20, 2021, deposit at least $10,000 in new money within the first 20 days and maintain a minimum $10,000 balance for 90 days.

Eligibility: not available to existing chase savings customers, or those whose accounts have been closed within 90 days or closed with a negative balance.

Expiration: bonus available until january 20, 2021.

Chase private client: $2,000 bonus

Bonus amount: $2,000

Minimum deposit required: $250,000

Interest rate: 0.01%

Offer rules: join chase private client and transfer at least $250,000 in new money to eligible savings, checking or investment accounts within 45 days of account opening. Finally, keep an average daily balance of at least $250,000 in your accounts for at least 90 days.

Eligibility: available only to existing chase customers.

Expiration: bonus available until january 15, 2021.

Bask bank savings: 1,000 aadvantage bonus miles

Bonus amount: 1,000 aadvantage miles

Minimum deposit required: $5,000

Interest rate: earn 1 aadvantage mile for every $1 saved

Offer rules: open a new bask bank savings account before june 30, 2021. Within 30 days, deposit at least $5,000 into the account and maintain that balance for at least 90 days. The bonus miles will be awarded within 10 days of meeting requirements and may take six to eight weeks to post to your aadvantage account.

Eligibility: available to new bask bank customers only.

Expiration: bonus available until june 30, 2021.

Suze orman ultimate opportunity savings account: $100 bonus

Bonus amount: $100

Minimum deposit required: $0

Interest rate: 0.55%

Offer rules: open an alliant savings account by march 31, 2021, and receive a $100 bonus when you transfer at least $100 a month into the account for 12 consecutive months. Account must have a $100 daily minimum balance and a $1,200 minimum balance after 12 months to qualify.

Eligibility: available to new alliant credit union members only.

Expiration: bonus available until march 31, 2021.

How to choose the best savings account bonus

When combing through savings account promotions, dig beyond the surface and look at the actual account details. Because once the introductory offer expires, you don’t want to be stuck with an account you don’t like. Here are some factors to consider:

Bonus requirements. The best savings account bonuses typically have deposit requirements of at least $10,000. You may also need to keep your money in your account for a certain period of time. Make sure you can easily meet these requirements before you open an account.

High introductory rate. Look for an account with a high introductory interest rate that lasts for a longer period of time.

Low minimum opening balance. Check to see how much money you need to open the account — and if there’s a minimum ongoing balance that needs to be maintained. If you’re just starting out as a new saver, you probably don’t want a high minimum.

Little or no fees. Some banks have monthly fees or will charge you if your account balance dips too low. Look for a fee-free account, especially if you can’t keep a high minimum balance.

High regular rate. After the introductory period is over, your account will drop down to the bank’s regular rate. Don’t get so caught up in flashy offers for new accounts that you choose one with a rock-bottom regular rate.

How do savings account bonus offers work?

Banks attract new customers by offering signup bonuses for checking and savings accounts when you open them online. Requirements vary by bank, but you’ll usually need to set up direct deposit or transfer a minimum amount of money into the account by a certain date to meet the requirements. The promotion is deposited into your account typically within 90 days.

What are the pros and cons of a savings account signup bonus?

Weigh these benefits and drawbacks before opening an account with a promotion or offer:

Motivation to save. Receiving a signup bonus could be the motivation you’ve always needed to finally start saving.

Could get more interest. The boost in interest offered as an introductory rate is a good incentive to put as much as you can into a savings account in the first few months.

Limited time only. After the introductory period, you’ll lose your bonus or the account will revert to a lower, standard variable rate.

You don’t usually get signup bonuses right away. Many banks require you to have your account open for a specified period of time before they give you your signup bonus. This prevents people from opening several accounts in one day just for the cash and then closing them the next day.

What is an introductory rate?

An introductory interest rate is a higher interest rate offered on a savings account that’s only available for a couple of months. It’s a good practice to regularly compare your savings account options to ensure you’re always getting the highest rate.

What’s a loyalty bonus?

A loyalty bonus is any sort of extra perk that a financial institution offers customers who have several different account types, large balances or a long history with the bank. They can apply to savings accounts, checking accounts, cds, credit cards and even loans. Bundling together multiple financial products and linking your accounts at the same bank is one of the most common ways to score a bonus.

Bottom line

An introductory offer can be the motivational boost you need to start saving. When you’re ready to open an account, take advantage of any bonuses available — but make sure it’s an account that you’ll still want when the intro period ends.

Use this table to compare savings accounts with sign-up offers and promotions.

So, let's see, what we have: savers looking to get the best easy access savings rates, especially those who are nervous about banking with an unfamiliar brand, often have to choose an account offering an introductory bonus at bonus accounts