Attractive Bonuses: Up to 3,000 USD Bonus for Opening New Bank Accounts

The recent decision by the Federal Open Market Committee (FOMC) to lower the key interest rate by a remarkable 50 basis points marks the first such move since 2020. This ends the era of record-high interest rates for interest-bearing savings accounts—a development that is likely to disappoint savers. However, there are alternative ways to increase one's account balance. Bank account bonuses provide a welcome opportunity to grow one's wealth. Numerous banks and credit unions offer time-limited cash bonuses for opening new accounts and fulfilling certain conditions. This overview highlights the current most attractive offers: Bank of America This renowned bank grants a bonus for opening a personal checking account (such as Advantage SafeBalance Banking or Bank of America Advantage Plus Banking) using the code TWA200CIS. The condition is that direct deposits totaling at least $2,000 must be made within 90 days. The bonus will then be credited 60 days later. The offer is valid until September 30, 2024. BMO Bank BMO Bank also entices customers with lucrative bonuses for various types of checking accounts. Notably, there is an opportunity to obtain a $100 digital card by meeting with a banker to discuss financial priorities. Chase Chase offers several bonuses for new customers. By opening a Chase Private Client Checking account and depositing $150,000 or more within 45 days, a bonus is available, the amount of which depends on the account balance. Simple checking accounts like Secure Banking and Total Checking also offer attractive bonuses for regular use and direct deposits. Citi New customers at Citi who activate extended direct deposits can also expect a bonus. Two deposits totaling at least $1,500 within 90 days are sufficient to receive the bonus. Fifth Third Bank This bank awards bonuses for opening and using a qualifying checking account by September 30, 2024. Direct deposits of at least $500 within 90 days are required. Huntington National Bank and Key Bank Both institutions also have attractive bonus programs for their respective checking accounts, which can be accessed by meeting specific deposit requirements. PNC Bank and SoFi PNC Bank offers bonuses for its Virtual Wallet account. SoFi attracts new customers with bonuses of up to $300 for direct deposits. TD Bank This bank differentiates between various account types and offers up to $300 bonuses for TD Beyond Checking and TD Complete Checking accounts, each dependent on incoming direct deposits. U.S. Bank and Wells Fargo Both institutions have attractive new customer bonuses as well. U.S. Bank requires a minimum deposit of $25 and two direct deposits, while Wells Fargo requires a minimum direct deposit of $1,000. Conclusion In summary, despite falling interest rates, attractive bonus offers for new customers present an interesting way to grow one's wealth. Interested individuals should always review the specific requirements of the respective banks to ensure they meet the necessary conditions.