The Volunteer State offers a wealth of bank bonuses, from Memphis to Gatlinburg and everywhere in between. Take a look at our top picks for bank promotions in Tennessee.
We’ve included an easy list of steps to take to open each account and secure the bonus, with a link to apply when you’re ready.
We’re here to help you unlock the best offers in your state, whether you’re in the market for a new personal checking or savings account or one for your business.
Our Featured Nationwide Bonuses
Here are 3 of our featured bank bonuses that can be obtained nationwide:
BMO
Smart Advantage Checking Account
- Bonus
- $300
- Account Type
- Personal Checking
- Expires In
- 78 days
- Requires
- Direct Deposit
SoFi
SoFi Checking and Savings
- Bonus
- up to $300
- Account Type
- Personal Checking
- Expires In
- 44 days
- Requires
- Direct Deposit
Upgrade
Rewards Checking Plus
- Bonus
- $200
- Account Type
- Personal Checking
- Expires In
- Limited Time
- Requires
- Card Spend
See our list of the Best Banks in Tennessee
Personal Checking Bonuses in Tennessee
Here are the current personal checking promotions available in TN:
1. Fifth Third Bank Personal Checking - $300 bonus
Fifth Third Bank is back with their regular personal checking account bonus.
You can open the account online through the promotion's landing page, or choose instead to enter your email address to receive a unique code that you can take into your local branch.
Another perk? Users report receiving their bonus just days after the qualifying deposit is posted. Be sure to signup early though, as we've seen them pull their offer as it gets closer to the deadline.
Fifth Third Bank : Personal Checking
- Bonus Amount
- $300
- Account Type
- Personal Checking
- Availability
- FL, GA, IL, IN, KY, MI, NC, OH, SC, TN, WV
- Offer Expires
- December 31, 2024
- Bonus Requirements
-
- Open a new Momentum® Checking or Preferred checking account using the link below.
- Within 90 days, receive $500 in direct deposits.
- Bonus will be credited to your new account within 10 business days of meeting the requirements.
at Fifth Third Bank
2. Truist One Checking - $400 bonus
Truist, has a very solid offer for a new One Checking account, and $100 more than when it was previously offered. Available mostly along the East Coast and Southern states with the ability to open online, Truist is offering a $400 welcome bonus when you open a new One checking account and set up direct deposit.
Truist Bank : Truist One Checking
- Bonus Amount
- $400
- Account Type
- Personal Checking
- Availability
- AL, AR, GA, FL, IN, KY, MD, MS, NC, NJ, OH, PA, SC, TN, TX, VA, WV, DC
- Offer Expires
- April 30, 2025
- Bonus Requirements
-
- Open a new One Checking account online or in-branch using promo code AFL2425TR1400.
- Within 120 days of account opening, complete two qualifying direct deposits totaling $1000 or more.
- The reward will be deposited into the new checking account within 4 weeks of verifying the Direct Deposit qualification requirement.
- Terms Apply. Member FDIC.
at Truist
3. Redstone Federal Credit Union Personal Checking - $400 bonus
Redstone Federal Credit Union is offering members a $500 bonus for opening their first personal checking account. It's a solid offer considering the requirements: just make ten purchases using your debit card and log into their online banking portal.
The account can be opened online or at your local branch using the MBR500 promo code. If you opt to open it in-person, they will also waive the $25 opening deposit requirement.
Like all credit union bonuses, you'll of course also need to qualify to become a member (or be an existing member who doesn't already have a checking account).
Redstone Federal Credit Union : Personal Checking
- Bonus Amount
- $400
- Account Type
- Personal Checking
- Availability
- AL, TN
- Offer Expires
- December 23, 2024
- Bonus Requirements
-
- Open a new personal checking account using the promo code MBR500.
- Within 60 days, make (10) debit card purchases.
- Within the same 60 days, log in to RFCU's online banking at least once.
- Bonus will be credited to your checking account within 150 days of account opening.
at Redstone Federal Credit Union
4. U.S. Bank Smartly® Checking - up to $450 bonus
U.S. Bank is offering up to a $450 bonus for opening a new U.S. Bank Smartly® Checking. This is back towards the lower end of bonuses we've seen from U.S. Bank.
The direct deposit threshold for the checking bonus is somewhat steep to earn the max bonus amount, but if you have the income, this is an easy bonus. You'll have 90 days to reach this target, but keep in mind that unlike some banks that let you hit the bonus in a single transaction, U.S. Bank requires at least two direct deposits to qualify for this promotion.
U.S. Bank : U.S. Bank Smartly® Checking
- Bonus Amount
- up to $450
- Account Type
- Personal Checking
- Availability
- AZ, AR, CA, CO, ID, IL, IN, IA, KS, KY, MN, MO, MT, NE, NV, NM, NC, ND, OH, OR, SD, TN, UT, WA, WI, WY
- Offer Expires
- December 30, 2024
- Bonus Requirements
-
- Open a new U.S. Bank Smartly® Checking account.
- Within 90 days, enroll in online banking or the U.S. Bank Mobile App.
- Within the same 90 days, make two or more direct deposits totaling amounts as follows: $2,000 - $4,999.99, earn $250; $5,000 - $7,999.99, earn $350; $8,000+, earn $450.
- Bonus will be credited to your new checking account within 60 days following the end of the calendar month during which you completed all the offer requirements.
at U.S. Bank
5. PNC Virtual Wallet Pro - $200 bonus
Don't live in a state where PNC has a branch? No worries, PNC is offering a $200 bonus when you open a Virtual Wallet Checking Pro account, which is only available to customers outside their in-branch footprint. Just complete the direct deposit requirements within 60 days. If you're in any one of the following states, this bonus is for you: AK, AR, CT, HI, ID, IA, KS, LA, ME, MA, MN, MS, MT, NE, NV, NH, ND, OK, OR, RI, SD, TN, UT, VT, WA, WY.
PNC Bank : Virtual Wallet Pro
- Bonus Amount
- $200
- Account Type
- Personal Checking
- Availability
- AK, AR, CT, HI, ID, IA, KS, LA, ME, MA, MN, MS, MT, NE, NV, NH, ND, OK, OR, RI, SD, TN, UT, VT, WA, WY
- Offer Expires
- January 2, 2025
- Bonus Requirements
-
- Reside in a state that doesn't have a PNC branch.
- Open an account using the link below.
- Within 60 days, complete direct deposits totaling $2,000.
- Bonus will be deposited within 60-90 days after all conditions are met.
at PNC
6. Altra Personal Checking - $150 bonus
If you are a Rochester Public School District Employee or immediate family member w/employee badge or student and aren't already a member, check out this super easy bonus. Using the promo code provided, open a new A+ Checking or A+ Platinum Checking, then make 10 purchases using your new debit card. That's it!
Altra Federal Credit Union : Personal Checking
- Bonus Amount
- $150
- Account Type
- Personal Checking
- Availability
- CO, MN, NJ, TN, TX, WI
- Offer Expires
- May 31, 2025
- Bonus Requirements
-
- Open a new A+ Checking or A+ Platinum Checking using the promo code RPSD_A+150.
- Within 30 days, make ten debit card purchases.
- Bonus will be deposited into your new checking account within 30 business days of meeting the requirements.
at Altra
7. Altra A+ - $100 bonus
Altra Federal Credit Union is offering $100 when you open an A+ Checking or A+ Platinum account.
Both accounts are free and the bonus amount is the same regardless of which you choose. A+ Platinum earns a higher APY and has a few extra perks, but the direct deposit requirement is slightly higher at $250 required versus $50 for A+ Checking.
Altra Federal Credit Union : A+ Account
- Bonus Amount
- $100
- Account Type
- Personal Checking
- Availability
- MN, WI, TN, TX
- Bonus Requirements
-
- Open an A+ Checking or A+ Platinum account using the promo code A+100.
- Within 30 days, make a direct deposit of at least $50 into your A+ Checking account or of at least $250 into your A+ Platinum account.
- Bonus will be deposited into your new account within 30 days of the qualifying direct deposit.
at Altra
8. Reliant Bank Personal Checking - $200 bonus
To celebrate the opening of their Murfreesboro branch, Reliant Bank is offering a $200 sign up bonus to new personal checking customers.
Unfortunately none of their accounts can be opened online, but you don't need to visit this particular branch in order to qualify for the bonus.
Reliant Bank : Personal Checking
- Bonus Amount
- $200
- Account Type
- Personal Checking
- Availability
- TN
- Bonus Requirements
-
- Open a new personal checking account at a Reliant Bank branch, and mention this offer.
- Make an opening deposit of $500.
- In the first full statement cycle, receive a direct deposit and make 10 debit card purchases.
- Bonus will be credited to your new account on the first business day after the account has been open for 90 days.
at Reliant Bank
9. Eastman Credit Union Beyond Free Checking - $100 bonus
Available in select states with the ability to open online, Eastman Credit Union is offering a $100 welcome bonus when you open a new Beyond Free Checking account and set up direct deposit.
Eastman Credit Union : Beyond Free Checking
- Bonus Amount
- $100
- Account Type
- Personal Checking
- Availability
- TN, TX, VA
- Bonus Requirements
-
- Become a member of Eastman Credit Union.
- Open a new Beyond Free Checking account.
- Make an automated debit or direct deposit.
- Bonus will be received within 30 days of completing the requirements.
at Eastman Credit Union
10. SouthEast Bank Personal Checking - $50 bonus
If you live in Tennessee and have some friends and family interested in free money, SouthEast Bank is offering a $50 welcome bonus when you refer them to open a new personal checking account and they use their debit card. You'll both receive the $50 bonus once all the requirements have been met.
SouthEast Bank : Personal Checking
- Bonus Amount
- $50
- Account Type
- Personal Checking
- Availability
- TN
- Bonus Requirements
-
- Be a current SouthEast Bank customer.
- Register online or in a branch to receive your link and start inviting friends.
- Have your friend register online using your link.
- Within 90 days, Referred friend must open a new checking account and complete five debit purchases.
- Both customers will receive a notice via mail to collect a the $50 gift card online.
at SouthEast Bank
11. Regions LifeGreen Checking - $50 bonus
Available primarily in the Southeast with the ability to open online, Regions is offering a $50 bonus when you refer a friend to open a new personal checking account. What's even more? Your friend will also receive a $50 bonus.
Your friend can stack this offer with their checking account bonus to earn a total of $250.
Regions Bank : LifeGreen Checking
- Bonus Amount
- $50
- Account Type
- Personal Checking
- Availability
- AL, AR, FL, GA, IL, IN, IA, KY, LA, MS, MO, NC, SC, TN, TX
- Bonus Requirements
-
- Have an existing Regions account.
- Refer a friend or family member using the link below and ensure they open a new account within 90 days.
- Within 60 days of opening the account, the person you referred must complete the following: 1) make at least 10 debit card purchases; 2) make a direct deposit of at least $300; and 3) enroll in eStatements.
- Bonus will be paid as a Rewards Card sent via mail within 120 days of all requirements being met.
at Regions
12. Cornerstone Financial Credit Union Personal Checking - up to $250 bonus
Available in select middle Tennessee counties, Cornerstone Financial Credit Union is offering up to a $250 welcome bonus when you open a new personal checking account and use your debit card.
The amount you earn is up to you. You'll get $100 just for opening the account and enrolling in eStatements and digital banking. Then, you can earn $50 for 3 months by using your debit card.
Cornerstone Financial Credit Union : Personal Checking
- Bonus Amount
- up to $250
- Account Type
- Personal Checking
- Availability
- TN
- Bonus Requirements
-
- Open a new CFCU personal checking account to earn $50.
- Enroll in eStatements and register for digital banking to earn an additional $50.
- Over the next 3 consecutive months, spend $500 using your debit card to earn an additional $50.
- Reward will be paid by the first of the next month.
at Cornerstone Financial Credit Union
Note: Don’t see an offer that piques your interest? You can use our tool to explore a full list of bank promotions
Personal Savings Bonuses in Tennessee
Here are the current personal savings promotions available in TN:
1. Citi® Accelerate Savings - 4.45% APY
Citi offers a really competitive APY rate in their Citi® Accelerate Savings account, a high-yield savings product.
You can find slightly higher rates elsewhere, but nearly all of those will have balance limits. In other words, you'll earn a great rate on the first $15k, but then the rate drops considerably.
Citi, on the other hand, has no limit. So for those who have sizable savings they'd like to keep liquid, Citi® Accelerate Savings will often win out.
There's no opening deposit minimum or ongoing balance requirements, but do keep in mind that having a $0 balance for longer than 3 months could cause your account to be closed.
Citi® : Citi® Accelerate Savings
- Bonus Amount
- 4.45% APY
- Account Type
- Personal Savings
- Availability
- AK, AL, AR, AZ, CO, DE, FL, GA, HI, IA, ID, IL, IN, KS, KY, LA, MA, ME, MI, MN, MO, MS, MT, NC, ND, NE, NH, NM, OH, OK, OR, PA, RI, SC, SD, TN, TX, UT, VT, WA, WI, WV, WY
- Bonus Requirements
-
- Open a new Citi® Accelerate Savings account using the link below.
- Transfer money from a different bank or an existing Citi account.
- Interest compounds daily and will be credited to your account each month.
at Citi®
Business Bonuses in Tennessee
Here are the current business banking promotions available in TN:
1. Republic Bank & Trust Company Business Checking - $200 bonus
Available in select southern and midwestern states, Republic Bank is offering a $200 bonus to new business accounts that complete a selection of activities within the first 3 statement cycles. Unlike many offers, Republic lets YOU decide which activities you want to complete from an approved list. If you can knock this out, it's and easy bonus to earn.
Republic Bank & Trust Company : Business Checking
- Bonus Amount
- $200
- Account Type
- Business Checking
- Availability
- FL, IN, KY, OH, TN
- Offer Expires
- December 31, 2024
- Bonus Requirements
-
- Be a new customer and open a new business checking account with promo code MKT.
- Within 3 statement cycles, complete a combination of 5 or more of the following activities: Direct deposit (an ACH credit ) of at least $100, a Bill Pay Debit of at least $25, a Point-of-Sale (POS) Debit of at least $10 or an ACH Debit of at least $25.
- Bonus will be paid on the first business day of the statement cycle following the statement cycle which the qualifying activities were completed.
at Republic Bank & Trust Company
2. First Horizon Bank Business Checking - up to $800 bonus
Available primarily in the SouthEast, First Horizon Bank is offering up to an $800 welcome bonus when you open a new business checking account and make deposits. This is a tiered offer, so the more you can deposit, the higher your potential bonus.
First Horizon Bank : Business Checking
- Bonus Amount
- up to $800
- Account Type
- Business Checking
- Availability
- AL, AR, FL, GA, KY, LA, MS, NC, NY, SC, TX, TN, NC, VA
- Offer Expires
- December 31, 2024
- Bonus Requirements
-
- Open a new BizEssentials Checking account.
- Within 15 days of the account opening, deposit at least $5,000 to earn $400 or $25,000 to earn the full $800.
- Maintain those minimum collected daily balance for the first 3 full statement cycles.
- Conduct 20 qualifying transactions within the first 3 full statement cycles.
- Bonus will be deposited within 10 business days after qualifying activities are met.
at First Horizon Bank
3. Truist Business Checking - $400 bonus
Truist Bank is offering small business owners one of the easiest business checking account bonuses we've seen to date: $400 for depositing $1,500 into your new account. (Well, you'll also have to enroll and sign-in to online banking, but we don't really consider that as much of a hurdle...). This is up from $300 when it was most recently offered.
The Truist Simple Business Checking account has no monthly fee and comes with 50 free transactions each month – in other words, it's perfect for a small business just starting out. If your company has surpassed these thresholds, Truist offers their Dynamic Business Checking account. That one comes with higher limits, but does have a small (and avoidable) maintenance fee.
Keep in mind that you'll have 30 days to complete both requirements, and that your new account will need to remain open for 6 months in order to avoid forfeiting the bonus.
Truist Bank : Business Checking
- Bonus Amount
- $400
- Account Type
- Business Checking
- Availability
- AL, AR, GA, FL, IN, KY, MD, MS, NC, NJ, OH, PA, SC, TN, TX, VA, WV, DC
- Offer Expires
- March 31, 2025
- Bonus Requirements
-
- Open a new Truist business checking account using the promo code SB24Q4BIZAFL.
- Within 30 days, deposit $2,000.
- During the same 30 days, enroll in online banking and log-in.
- Bonus will be credited to your new account within 4 weeks of meeting requirements.
at Truist
4. Regions Business Checking - $150 bonus
Available primarily in the Southeast, Regions is offering a $150 bonus when you refer a friend to open a new business checking account. What's even more? Your friend will also receive a $150 bonus.
Regions Bank : Business Checking
- Bonus Amount
- $150
- Account Type
- Business Checking
- Availability
- AL, AR, FL, GA, IL, IN, IA, KY, LA, MS, MO, NC, SC, TN, TX
- Bonus Requirements
-
- Have an existing Regions account.
- Refer a friend or family member using the link below and ensure they open a new account within 90 days with an opening deposit of at least $500.
- Within 60 days of opening the account, the person you referred must make at least one Visa Business CheckCard purchase and enroll in eStatements.
- Bonus will be paid as a Rewards Card sent via mail within 120 days of all requirements being met.
at Regions
5. SouthEast Bank Business Checking - $100 bonus
If you live in Tennessee and know a business looking for a new checking account, SouthEast Bank is offering a $100 welcome bonus when you refer them to open a new personal checking account and they use their debit card. You'll both receive the $100 bonus once all the requirements have been met.
SouthEast Bank : Business Checking
- Bonus Amount
- $100
- Account Type
- Business Checking
- Availability
- TN
- Bonus Requirements
-
- Be a current SouthEast Bank customer.
- Register online or in a branch to receive your link and start inviting friends.
- Have your friend register online using your link.
- Within 90 days, Referred friend must open a new checking account and complete five debit purchases.
- Both customers will receive a notice via mail to collect a the $50 gift card online.
at SouthEast Bank
See our full list of the Best Business Checking Account Promotions
Investing Bonuses
Here are the current investing promotions available in your area:
1. J.P. Morgan Self-Directed Investing - up to $700 bonus
Available nationwide with the ability to open online, J.P. Morgan Wealth Management is offering up to a $700 welcome bonus when you open a new Self-Directed Investing account with qualifying minimum funding.
This is tiered bonus, meaning that the more you deposit, the more you may be eligible to earn. New for this iteration, J.P. Morgan has introduced a lower tier at $5,000, down from the previous $25,000 entry point and raised the max bonus amount!
Here are all 4 tiers of this investing bonus:
| New Money Added | Bonus Amount |
|---|---|
| $5,000-$24,999 | $50 |
| $25,000-$99,999 | $150 |
| $100,000-$249,999 | $325 |
| $250,000+ | $700 |
This is the highest offer that we've seen to-date from J.P. Morgan.
J.P. Morgan Wealth Management : Self-Directed Investing
- Bonus Amount
- up to $700
- Account Type
- Investment
- Availability
- Nationwide
- Offer Expires
- January 23, 2025
- Bonus Requirements
-
- Open a J.P. Morgan Self-Directed Investing account using the link below.
- Within 45 days, fund your account with qualifying new money; $5,000 - $24,999 = $50 bonus; $25,000 - $99,999 = $150 bonus; $100,000 - $249,999 = $325 bonus, $250,000 = $700 bonus.
- Your bonus amount will be determined on day 45.
- Maintain your new funds for 90 days (losses due to trading or market fluctuation will not be taken into account).
- Bonus will be received within 15 days.
- INVESTMENT AND INSURANCE PRODUCTS ARE: NOT A DEPOSIT • NOT FDIC INSURED • NO BANK GUARANTEE • MAY LOSE VALUE
at J.P. Morgan
2. E*TRADE Bank Brokerage - up to $6000 bonus
Payouts have increased again! E*Trade is now offering new investors up to $5,000 in bonus cash when you open and fund a new investing account. You'll only need $1,000 to earn the first tier bonus ($100)!
They've shuffled all the previous tiers and reinstated the tiers for those with 7+ figures to invest. If you're wanting to earn the full $6,000, you need at least $2M in investable assets.
This offer is available to both new and existing customers; however, different rules may apply, so be sure to check the disclosures at the link below.
E*TRADE Bank : Brokerage Account
- Bonus Amount
- up to $6000
- Account Type
- Investment
- Availability
- Nationwide
- Offer Expires
- January 31, 2025
- Bonus Requirements
-
- Open a new eligible E*TRADE brokerage or retirement account using the link below with promocode REWARD24.
- During the first 60 days, fund your new account with new money as follows: $1,000 - $4,999, earn $100; $5,000 - $19,999, earn $150; $20,000-$99,999 earn $300; $100,000-$199,999 earn $600; $200,000-$499,999 earn $800; $500,000 - $999,999, earn $1,000; $1,000,000 - $1,499,999, earn $3,000; $1,500,000 - $1,999,999 earn $5,000; $2M+, earn $6,000.
- If you deposit $200,000 or more, you will receive a cash credit within seven business days.
- If you have deposited at least $200,000 in your account, and you make subsequent deposits in that account to reach a higher tier, you will receive a second cash credit following the close of the 60-day window.
at E*TRADE Bank
3. Citi® Personal Wealth Management - $5000 bonus
Earn up to $5,000 when you open or enroll a new or existing eligible Personal Wealth Management account with new-to-Citi funds.
This is a tiered bonus based on how much you deposit and maintain for the first 3 months. They've up the reward amounts for their upper tiers this go around.
There are 5 levels, starting with a $500 bonus for deposits $50,000 - $199,999 and going up to $5,000 for $2,000,000+.
Citi® : Personal Wealth Management
- Bonus Amount
- $5000
- Account Type
- Investment
- Availability
- Nationwide
- Offer Expires
- December 31, 2024
- Bonus Requirements
-
- Contact Citi to open or enroll a new or existing eligible Citi Personal Wealth Management account
- Fund the Citi Personal Wealth Management account with New-to-Citi Funds within 2 months of account opening (deposit $50,000 for a $500 bonus, $200,000 for a $1,000 bonus, $500,000 for a $2,000 bonus, $1,000,000 for a $3,000 bonus and $2,000,000+ for the $5,000 bonus)
- Enroll into e-delivery of statements within 2 months of account opening.
- Maintain the new funding through the end of the next month (or 3 months after the month of account enrollment).
at Citi®
4. Robinhood Investing - Free stock (up to $200) bonus
Robinhood is a commission-free stock trading platform that's had mixed headlines in the news (GME, what?). But Robinhood is a popular choice – particularly among beginner investors – due to their sleek, easy-to-use app.
This is a program that many investment apps now offer, but Robinhood pioneered: sign up and get a free stock. The stock has a 98% chance of being worth $5-$10, so this isn't an amazing bonus, but it's something for almost nothing (you don't even need to fund your account). The stock will hit your account within a week, and is tradeable 2 days after that.
Robinhood : Investing Account
- Bonus Amount
- Free stock (up to $200)
- Account Type
- Investment
- Availability
- Nationwide
- Bonus Requirements
-
- Open a new Robinhood investing account using the link below.
- Link your bank account.
- Stock bonus will be credited to the enrolled account within approximately one week.
at Robinhood
5. SoFi Invest - up to $10000 bonus
SoFi is offering customers a cash bonus to move your portfolio over to SoFi. The bonus is tiered, and you'll need to transfer $5 million in assets to earn the full $10,000 (steep!), but the bonus starts at $100 for transferring $5,000.
Keep in mind that although SoFi will pay out the bonus within 14 business days of the end of the promo period, they'll claw it back if you withdraw those funds within 180 days. They'll even refund up to $75 in ACAT fees from your other brokerage!
SoFi : Sofi Invest
- Bonus Amount
- up to $10000
- Account Type
- Investment
- Availability
- Nationwide
- Bonus Requirements
-
- Open a new SoFi Invest account using the link below (or be an existing user).
- Before the promotion's expiration date, transfer investments from another brokerage firm: $5,000 to earn $100, $25,000 to earn $200, $100,000 to earn $500, $250,000 to earn $750, $500,000 to earn $1,000, $1,000,000 to earn $2,500, $2,000,000 to earn $5,000 or $5,000,000+ to earn $10,000.
- Bonuses will be paid within 14 days of the last day of the month in which the transferred assets settled in your SoFi Invest account.
at SoFi
6. Acorns Invest - $20 bonus
Acorns is offering BankBonus.com users a $20 welcome bonus when you open a new Invest account. You just need to open the account from the link below and fund it with $5 to earn the reward.
What's more? They've been running amazing referral bonuses. So, sign up for a new account and then share your referral link with friends and family, and you could be pocketing up to $1,000+ each week!
Acorns : Acorns Invest
- Bonus Amount
- $20
- Account Type
- Investment
- Availability
- Nationwide
- Bonus Requirements
-
- Open a new Acorns Invest account using the link below.
- Fund account with at least $5.
at Acorns
7. Tradestation Brokerage - up to $3500 bonus
Tradestation is offering investors up to $3,500 in bonus cash when you add new funds to a new or existing investing account. You only need $5,000 to earn the first tier bonus ($150), and up to $5M to earn the full $3,500. It's worth noting each of the tiers are considerably higher this time around than when it was previously offered.
Tradestation : Brokerage Account
- Bonus Amount
- up to $3500
- Account Type
- Investment
- Availability
- Nationwide
- Bonus Requirements
-
- Enroll an existing account or open a new account using promo code TSTVAGFD at the url below.
- Within 45 days, fund your account.
- To receive $150 bonus, fund with $5,000- $24,999; To receive $300 bonus, fund with $25,000- $99,999; To receive $500 bonus, fund with $100,000-$249,999; To receive $1,000 bonus, fund with $250,000-$499,999; To receive $2,000 bonus, fund with $500,000-$999,999; To receive $3,500 bonus, fund with $1,000,000+.
- Bonus will be deposited into the account the month following the end of the 270-calendar day holding period.
at Tradestation
8. Bank of America Merrill Edge Self-Directed - up to $600 bonus
Available nationwide with the ability to open online, Bank of America's Merrill Edge is offering up to a $600 welcome bonus when you open a new Merrill Edge Self-Directed account and make an initial deposit.
What's more? There's also a $1,000 Merrill Edge bonus for those enrolled in Bank of America's Preferred Rewards program. The lower tiers are also bumped as well.
We only list the most popular tiers; however, here's a complete list of tiers you can ask for:
- $20,000 to $49,999 – $100
- $50,000 to $99,999 – $150
- $100,000 to $199,999 – $250
- $200,000 to $299,999 – $600
- $300,000 to $499,999 – $1,000
- $500,000 to $999,999 – $1,500
- $1,000,000 or more – $2,500
- $2,000,000 or more – $3,500
- $5,000,000 or more – $5,000
- $10,000,000 or more – $7,500
Bank of America : Merrill Edge Self-Directed
- Bonus Amount
- up to $600
- Account Type
- Investment
- Availability
- Nationwide
- Bonus Requirements
-
- Open a new Self-Directed Trading account from Merrill Edge using promo code "600ME".
- Within 45 days, fund your account with new money from outside Bank of America. To earn a $100 bonus, deposit $20,000-$49,999; To earn a $150 bonus, deposit $49,999-$99,999; To earn a $250 bonus, deposit $100,000-$199,999; To earn a $600 bonus, deposit $200,000 - $299,999.
- Maintain that balance for at least 90 days.
- Bonus will be deposited within two weeks following the end of the 90 day period.
at Bank of America
9. Citi® Self Invest - up to $500 bonus
Available nationwide to new and existing customers, Citi is offering up to a $500 bonus when you add new-to-Citi funds to a Citi® Self Invest account.
As is typical with Citi promotions, this is a tiered offer: the more you add, the more you earn. You'll need to deposit at least $10,000 to earn a $100 reward, or at least $200,000 to receive the full $500.
You'll need to also maintain your funds through a date defined on the Citi website, depending on the month in which you open your account.
Citi® : Citi® Self Invest
- Bonus Amount
- up to $500
- Account Type
- Investment
- Availability
- Nationwide
- Bonus Requirements
-
- Open a new Citi® Self Invest account or add new-to-Citi funds to an existing account.
- Opt-in to eDelivery of statements and confirmations.
- Bonus will be tiered based on the total amount added: $10,000 to earn $100; $50,000 to earn $200; $200,000 to earn the full $500.
- Maintain the New-To-Citi funds in your account through the “maintain funds” deadline as outlined in the chart.
- Bonus will be credited on the last day of the 3rd month following the “maintain funds” period.
at Citi®
10. Charles Schwab Schwab One® - up to $1000 bonus
If you're not currently a Schwab customer, you can open any investment account and earn a referral bonus based on your net deposit within 45 days. This includes retail brokerage accounts, individual retirement accounts, or the managed portfolios like Schwab Intelligent Portfolios®.
Keep in mind that the link above is only for details – you will need to open the account through a referral link from an existing Schwab customer in order to qualify for the promo.
This is a tiered bonus, the more you deposit, the more you can earn.
- Tier 1 | Balance Maintained: $25,000 - $49,999: $100 Bonus
- Tier 2 | Balance Maintained: $50,000 - $99,999: $300 Bonus
- Tier 3 | Balance Maintained: $100,000 - $499,999: $500 Bonus
- Tier 4 | Balance Maintained: $500,000+: $1,000 Bonus
Charles Schwab : Schwab One®
- Bonus Amount
- up to $1000
- Account Type
- Investment
- Availability
- Nationwide
- Bonus Requirements
-
- Open a new account using a referral link from an existing member.
- Within 45 days, make a qualifying net deposit between $25,000 - $500,000+ in cash or securities, earning the reward that correlates with that tier ($100-$1,000).
- The net deposit amount at the end of 45 day period will be used to calculate your bonus tier.
- Bonus will be paid into your account about a week after the 45-day period.
at Charles Schwab
11. SoFi SoFi - $15 bonus
SoFi is offering a $15 welcome bonus for you and a friend when you refer someone to open a new SoFi account. This bonus is available across most of their products, including: SoFi Money, SoFi Invest, SoFi Loans and a SoFi credit card. You can receive up to $75 total. This isn't exactly the highest bonus we've seen from them, so you'll have to decide if now is the right time or to hold out for something a little more enticing.
It's important to note too that each program has its own set of rules, each of which is outlined on their referral website linked below.
SoFi : SoFi Account
- Bonus Amount
- $15
- Account Type
- Investment
- Availability
- Nationwide
- Bonus Requirements
-
- Download the app using the link below.
- Refer a friend (or be referred) using your specific referral link for a particular SoFi product.
- Follow the program rules highlighted on the website.
- Bonus will automatically be applied to your SoFi account(s).
at SoFi
12. Charles Schwab Schwab One® - $101 bonus
Charles Schwab has a bonus targeting new or entry-level investors in what they call the Schwab Starter Kit™, but new customers of all comfort levels can qualify. When you open a new account for this promo, Schwab will invest your bonus in fractional shares or "slices" of the top stocks by market cap in the S&P 500. Schwab recently upped this bonus from $50 at its previous level. It's a great way to start investing!
Charles Schwab : Schwab One®
- Bonus Amount
- $101
- Account Type
- Investment
- Availability
- Nationwide
- Bonus Requirements
-
- Open a new Schwab One account at the url below or open a new taxable investment account using promo code "SCHWABSTARTERKIT".
- Within 30 days, Fund your account with a minimum of $50.
- Once funded, Schwab will deposit $101 in your account to purchase your stock slices at approximately 6:00 pm Eastern Time the next trading day.
at Charles Schwab
See our full list of the Best Brokerage Account Promotions
Tennessee Banking Statistics
The banking market might look different depending on where you live, with some states having a larger presence of local banks and credit unions than others.
Here are some interesting stats about banking in Tennessee, informed by state reports from the FDIC and the Credit Union National Association:
- Number of banks: 121
- Number of state credit unions: 131
- Credit union memberships: 2.58 million
- Deposit market share: 86.9% banks; 13.1% credit unions
- Largest deposit market: Nashville/Davidson/Murfreesboro
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