Best Savings Account Bonus Offers for October 2021

Banks are in constant competition for your business. Many of them are even paying new customers hundreds of dollars just for signing up.

Traditionally, signup bonuses come with checking accounts and credit cards. But, if you’re in the market for a new savings account, you’re in luck.

Many leading financial institutions are offering bonuses for new savings account customers, too.

In this post, we’ll cover the best savings account bonuses up for grabs and how to get your hands on them.

In This Article

15 Best Savings Account Bonus Offers for October 2021

  1. TD Bank: $200 bonus
  2. Discover: up to $200 bonus
  3. Alliant: $100 bonus
  4. Bask Bank: 1,000 bonus miles
  5. Citi: up to $2000 bonus
  6. Fidelity Bank: up to $525 bonus
  7. Addition Financial: up to $400 bonus
  8. Benchmark Federal Credit Union: $300 bonus
  9. MidFlorida Credit Union: $300 bonus
  10. Byline Bank: up to $300 bonus
  11. TIAA: $300 bonus
  12. APGFCU: $200 bonus
  13. HarborOne Bank: up to $200 bonus
  14. Town Bank: $200 bonus
  15. Dyer: $200 bonus

TD Bank Logo1. TD Bank

TD Bank is offering a $200 welcome bonus if you open a new savings account by November 30. It works out to effectively be an interest rate of about 4% — significantly better than any savings account rates these days.

What's more, you can maximize this promo by also opening a new personal checking account — stacking an extra $300 or $150 on top of this offer for a total of up to $500.

While this isn't available nationwide, it is open to a healthy list of states, and is no longer targeted to select customers.

If you're eligible, we definitely recommend claiming this easy bonus.

Personal Savings Account - $200 bonus

Expires: November 30, 2021

The Personal Savings Account sign up offer requires you to deposit and maintain a minimum balance in order to earn the $200 bonus. Full requirements to receive this bonus are:

  1. Open a TD Savings account using the link below.
  2. Within 20 days, deposit $20,000 and maintain that balance for 90 days.
  3. Bonus will be credited to your new account no later than 140 days from the account opening.

read the full terms

Apply now to earn the $200 bonus

Discover Bank Logo2. Discover Bank

Discover Bank is offering up to $200 for opening a new Online Savings account. You'll need to deposit $25,000 to earn the full amount, but $15,000 only results in a loss of $50.

One perk to this bonus is that Discover doesn't have a requirement for how long you need to keep the cash in the account, so you can deposit and withdraw immediately. Doesn't get much easier than that!

Online Savings Account - $200 bonus

Expires: December 15, 2021

The Online Savings Account sign up offer requires you to deposit and maintain a minimum balance in order to earn the $200 bonus. Full requirements to receive this bonus are:

  1. Open a new Discover Online Savings Account using the link below.
  2. By December 15, deposit $15,000 to earn $150 or $25,000 to earn $200.
  3. Bonus will be credited to your account within 30 days of qualifying for the bonus.

read the full terms

Apply now to earn the $200 bonus

Alliant Credit Union Logo3. Alliant Credit Union

This is a nationwide bonus with a low deposit requirement – and from a really great credit union. While it does take a full 12 months to meet the requirement, the ROI is strong.

Ultimate Opportunity Savings Account - $100 bonus

Expires: December 31, 2021

The Ultimate Opportunity Savings Account sign up offer requires you to deposit and maintain a minimum balance in order to earn the $100 bonus. Full requirements to receive this bonus are:

  1. Open a new Ultimate Opportunity Savings Account using the link below.
  2. For 12 consecutive months, deposit $100 each month.

read the full terms

Apply now to earn the $100 bonus

Bask Bank Logo4. Bask Bank

Bask Bank is offering new account holders an additional 1,000 American Airlines AAdvantage® miles – on top of what the Bask Mileage Savings account already accrues.

You'll need to be a brand new Bask Bank customer to take advantage, but this offer is otherwise available nationwide with the ability to open online.

Bask Mileage Savings - 1,000 bonus miles

Expires: December 31, 2021

The Bask Mileage Savings sign up offer requires you to deposit and maintain a minimum balance in order to earn the 1,000 bonus miles. Full requirements to receive this bonus are:

  1. Open a new Bask Mileage Savings Account.
  2. Within 30 days, deposit $5,000 and then maintain that balance for 90 consecutive days.
  3. AAdvantage® bonus miles are awarded within 10 business days.

read the full terms

Apply now to earn the 1,000 bonus miles

Citi Logo5. Citi

Citi is offering up to $2,000 when you deposit cash to a Citi® Savings Account. The offer is available to both new and existing Citi® Savings account customers.

This is a tiered bonus based on the amount you're able to deposit and maintain in your new account:

  • $10,000 earns $20
  • $25,000 earns $50
  • $50,000 earns $100
  • $100,000 earns $200
  • $250,000 earns $500
  • $500,000 earns $1,000
  • $1,000,000 earns the full $2,000

As you can see, you need quite a bit of cash and the reward amounts don't make this a worthwhile deal in our opinion.

Citi® Savings Account - $2000 bonus

Expires: January 4, 2022

The Citi® Savings Account sign up offer requires you to deposit and maintain a minimum balance in order to earn the $2000 bonus. Full requirements to receive this bonus are:

  1. Open a new Citi® Savings Account using the link below.
  2. Within 20 days, deposit $10,000 - $24,999 into your new account to earn $20; $25,000 - $49,999 to earn $50; $50,000 - $99,999 to earn $100; $100,000 - $249,999 to earn $200; $250,000 - $499,999 to earn $500; $500,000 - $999,999 to earn $1,000; or $1,000,000+ to earn $2,000.
  3. Maintain that balance for 60 days after the 21st day that the account was opened.
  4. Bonus will be credited to your open, eligible account within 90 calendar days after completing the requirements.

read the full terms

Apply now to earn the $2000 bonus

6. Fidelity Bank

Available to Pennsylvania Residents with the ability to open online, Fidelity Bank is offering up to a $525 welcome bonus when you open a new checking account. This is a tiered bonus which offers you more money the more activities you complete up to $525.

Personal Checking - $525 bonus

Expires: N/A

The Personal Checking sign up offer requires you to optionally, set up direct deposits and make purchases using the account's card in order to earn the $525 bonus. Full requirements to receive this bonus are:

  1. Open a new qualifying checking account.
  2. Within the first 120 days, complete the following for a $200 bonus: 1) make direct deposits of $2,500 or more per month for 3 consecutive months, make 15 point of sale transactions per month, sign up for EZ Statements and enroll in Online Banking.
  3. Open a Money Market account at the same time with a minimum of $15,000 and earn an additional $200.
  4. Use your Fidelity Visa® Debit Card an additional 60 times over a 3 consecutive month period and earn $100.
  5. Open your new Fidelity Bank checking account online and earn $25.
  6. Bonuses will be made into your checking account on the 1st business day after 120 calendar days from account opening.

read the full terms

Apply now to earn the $525 bonus

Addition Financial Credit Union Logo7. Addition Financial Credit Union

Addition Financial wants to help children learn to save by rewarding them when they do. The credit union is offering cash back in the form of "Fun Bucks" each quarter that the child deposits at least $10. The catch, however, is that you'll forfeit these Fun Bucks by making any withdrawals, except during the full calendar year when the youth member is 12, 15 or 18 years old.

Fun Bucks Savings - $400 bonus

Expires: N/A

The Fun Bucks Savings sign up offer requires you to deposit and maintain a minimum balance in order to earn the $400 bonus. Full requirements to receive this bonus are:

  1. Open a regular youth savings account in-branch.
  2. Establish a Fun Savings account.
  3. Each quarter, deposit at least $10 to earn 1% APY cash back, up to $100.
  4. The bonus – or "Fun Bucks" – will automatically post to the Fun Bucks account on the last day of each quarter.

read the full terms

Apply now to earn the $400 bonus

8. Benchmark Federal Credit Union

Benchmark Federal Credit Union is offering an easy opportunity to earn a whopping $300 for new members who open an Ultimate Account Package (savings + checking).

Existing members can also qualify for this bonus if they do not have a checking account and addon the Ultimate Checking Account using the provided link.

Checking - $300 bonus

Expires: N/A

The Checking sign up offer requires you to set up direct deposits in order to earn the $300 bonus. Full requirements to receive this bonus are:

  1. For new members, open a Benchmark Ultimate Account Package consisting of an Ultimate Saver & Ultimate Checking Account. For existing members without a checking account, add a Benchmark Ultimate Checking account to your existing account.
  2. Add a debit card to your new checking account.
  3. Within 60 days, complete a direct deposit of at least $200.
  4. The $300 cash bonus will be deposited into your new Ultimate Checking Account within 30 days from the 1st recurring Direct Deposit appearing.

read the full terms

Apply now to earn the $300 bonus

9. MidFlorida Credit Union

MidFlorida Credit Union is offering small business owners a $300 incentive for opening a new Free Business checking account. Bonus? You can also combine this offer with their promotion for personal checking accounts, for a total of $500!

Business Accounts - $300 bonus

Expires: N/A

The Business Accounts sign up offer requires you to deposit and maintain a minimum balance, and optionally, set up direct deposits, make purchases using the account's card and set up bill pay in order to earn the $300 bonus. Full requirements to receive this bonus are:

  1. Find your nearest MidFlorida Credit Union branch.
  2. Open new Business Savings and Free Business Checking accounts.
  3. Within 45 days, enroll in eStatements, eNotice, online banking, and a debit card.
  4. Within the same 45 days, complete 5 transactions (withdrawals or deposits).
  5. In 2 of the first 6 months, make deposits totaling $5,000 each month (so a total of $10,000).
  6. Bonus will be deposited into your new account once requirements are met.

read the full terms

Apply now to earn the $300 bonus

10. Byline Bank

New customers with Byline Bank can earn up to $300 in welcome bonuses when opening a new Freedom Checking account and Statement Savings account at the same time.

From there, each account is treated separately for earning the bonus. You'll earn $50 each statement cycle that you complete the requirements for that account, up to a max of 3 times, for $150 each.

Combo Checking and Savings - $300 bonus

Expires: N/A

The Combo Checking and Savings sign up offer requires you to optionally, set up direct deposits and deposit and maintain a minimum balance in order to earn the $300 bonus. Full requirements to receive this bonus are:

  1. Open a Freedom Checking account and Statement Savings account online.
  2. Enroll in online banking and activate eStatements for both accounts.
  3. For the checking bonus, make direct deposits into your Freedom Checking account totaling $1,000 in any/all of the first 3 statement cycles - earn $50 ea (max $150)
  4. For the savings bonus, maintain an average balance of $5,000 or more in your Statement Savings account in any/all of the first 3 statement cycles - earn $50 ea (max $150).
  5. Each $50 Bonus will be credited to respective accounts within one statement cycle after earning.

read the full terms

Apply now to earn the $300 bonus

TIAA Bank Logo11. TIAA Bank

TIAA Bank is offering an easy bonus to new Yield Pledge Money Market customers, with one big caveat: your employer must participate in their Workplace Banking program.

If you're lucky enough to qualify, however, this is a straightforward offer: open a new account, deposit $15,000 in the first 20 days and then maintain it for 70 after that, and get $300 for your trouble. That represents a 12% effective rate on your savings, which is significantly more than any savings account these days.

Yield Pledge® Money Market - $300 bonus

Expires: N/A

The Yield Pledge® Money Market sign up offer requires you to deposit and maintain a minimum balance in order to earn the $300 bonus. Full requirements to receive this bonus are:

  1. Open a new Yield Pledge Money Market account from your employer’s dedicated Workplace Banking webpage or by calling 833-880-8422.
  2. Within 20 days, deposit $15,000 in new money.
  3. Maintain that balance for the next 70 days.
  4. Bonus will be credited to your account within 120 days of account opening.

read the full terms

Apply now to earn the $300 bonus

APG Federal Credit Union Logo12. APG Federal Credit Union

APG FCU is offering new members $200 for opening a new personal checking account under their U Educate Member Rewards Program.

From there, just a few additional tasks are required, namely a direct deposit of at least $200, and you're all set.

With a super fast pay out and an incredibly high interest rate on their high yield checking account, this bonus should be on your short list if you live in the qualifying area.

Personal Checking - $200 bonus

Expires: N/A

The Personal Checking sign up offer requires you to set up direct deposits in order to earn the $200 bonus. Full requirements to receive this bonus are:

  1. Establish membership under the U Educate Member Rewards Program using the link below.
  2. Open a new APGFCU savings account plus a new personal checking account.
  3. Enroll in online banking and eStatements.
  4. Within 90 days of opening the checking account, receive direct deposits totaling $200.
  5. Bonus will be credited to your checking account on the 1st business day following the end of the 90-day qualification period.

read the full terms

Apply now to earn the $200 bonus

13. HarborOne Bank

HarborOne Bank if giving new customers a chance to earn $200 by opening iChecking and Statement Savings accounts at the same time.

Not a new customer? See the fine print for ways you may still qualify for the bonus.

Checking + Savings Combo - $200 bonus

Expires: N/A

The Checking + Savings Combo sign up offer requires you to set up direct deposits in order to earn the $200 bonus. Full requirements to receive this bonus are:

  1. To receive the first $100 Bonus, open an iChecking Account and receive direct deposits totaling at least $2,500 within 60 days of account opening.
  2. To receive the $100 Savings bonus, open a HarborOne Statement Savings Account and maintain at least a $500 balance within 60 days.
  3. Bonus will post no more than 80 days from account opening.

read the full terms

Apply now to earn the $200 bonus

Town Bank Logo14. Town Bank

Town Bank, a Wintrust Community Bank, is offering $200 when you open a new Total Savings account and deposit $15,000 in new money, which represents about a 4% effective interest rate on your savings.

You can also pair this with their Total Access Checking welcome bonus, to put a total of $500 in your pocket.

Statement Savings - $200 bonus

Expires: December 31, 2021

The Statement Savings sign up offer requires you to deposit and maintain a minimum balance in order to earn the $200 bonus. Full requirements to receive this bonus are:

  1. Open a new Statement Savings account using the link below.
  2. Within the same month of account opening, deposit $15,000 in new money.
  3. Maintain the $15,000 balance for the three months after the initial month the account is opened.
  4. Bonus will post to your new account within 30 days after the qualification period.

read the full terms

Apply now to earn the $200 bonus

Dyer Bank & Trust Logo15. Dyer Bank & Trust

Town Bank, a Wintrust Community Bank, is offering $200 when you open a new Total Savings account and deposit $15,000 in new money, which represents about a 4% effective interest rate on your savings.

You can also pair this with their Total Access Checking welcome bonus, to put a total of $500 in your pocket.

Statement Savings - $200 bonus

Expires: December 31, 2021

The Statement Savings sign up offer requires you to deposit and maintain a minimum balance in order to earn the $200 bonus. Full requirements to receive this bonus are:

  1. Open a new Statement Savings account using the link below.
  2. Within the same month of account opening, deposit $15,000 in new money.
  3. Maintain the $15,000 balance for the three months after the initial month the account is opened.
  4. Bonus will post to your new account within 30 days after the qualification period.

read the full terms

Apply now to earn the $200 bonus

FAQs

What is a savings account bonus?

In basic form, a savings account bonus is a reward that you get for opening a new savings account and meeting any qualifying requirements.

These bonuses often come as a cash credit to your account. However, they can also come in the form of promotional interest rates and other account perks.

Are bank account bonuses worth it?

It depends on the bonus and what you need to do to get it. Bank bonuses are almost always worth it, but they should never be the deciding factor in opening a new account. Be sure that you can afford to meet any account requirements and always choose an account with features that meet your personal finance needs.

If you cannot meet a certain average daily balance or spending threshold, you might miss out on the bonus or paying an unnecessary monthly fee. So read the fine print, and think of bank bonuses as a cherry on top rather than the main attraction.

You’ll have to check with your card issuer and your new bank to see if the deposit will be flagged as a cash advance, but credit card funding can pay off in the right situation (and with a diligent plan).

To maximize bonus earnings, find out if your prospective bank allows for credit card funding. Funding your new account with a credit card allows you to hit the threshold for a bonus, earn reward points, and double up with the promotional offer on the card.

Do I need a checking account to get a savings bonus?

Sometimes. Banks love to get you in the door with as many products as possible, so some will require you to hold multiple accounts to get a bonus.

There’s no limit to how many bank accounts you can hold, so this isn’t a huge issue, as long as an unwanted account doesn’t leave you paying fees.

With this in mind, if you need to add a checking account to get a bonus, make sure that it’s a free checking account that won’t penalize you for lack of use or a low balance.

Are bank bonuses taxed?

Yes. Bank bonuses are a nice perk, but they’re considered taxable income. Keep this in mind as you’re figuring out how much you stand to earn with any promotion.

Will a new account affect my credit score?

Usually not. Most banks only run a soft pull on your credit report, which does not hurt your credit score.

If you’re worried about this, don’t hesitate to contact the bank and ask them what kind of credit pull they do for new accounts. You should get a clear answer right away.

What is the best bank for bonuses?

Typically, you’ll see the biggest bonuses coming from the biggest banks.

This is because small, online banks tend to keep expenses low and reward customers with fewer fees and higher APYs.

For the biggest and most frequent promotions, check out big, traditional banks like:

That said, bonuses are everywhere, and there isn’t one bank that significantly stands out as the best.

So whether you’re opening a personal savings account or a business checking account, keep searching until you find the best account (and bonus) that meets your needs.

Which Is The Best Savings Account Bonus Offer For You?

Between national banks, online banks, credit unions, and fintech platforms, the options for where to stash your savings are endless.

With this in mind, there’s no reason to give a bank your business without getting something in return.

While functionality and low fees should always be your top priority, a nice savings account bonus can get your balance moving in the right direction.

Promotions are usually only available for a limited time, so don’t hesitate to sign up once you find the right one.

And, as you shop around, remember one thing — banks need you more than you need them.