Ponce Bank Money Market Deposit Account $125 Bonus

Ponce Bank : Money Market Deposit Account

Bonus Amount
up to $125
Account Type
Mma
Available In Your Area?
Yes
Offer Expires In
Bonus Requirements
  1. Open a new Ponce Bank MMDA through SaveBetter, using the promo code WELCOME.
  2. Deposit $5,000 to earn an initial $25 bonus, plus earn an additional $5 for every $5,000 deposited beyond that.
  3. Maintain the balance for 90 days.
  4. Bonus cash will be deposited by SaveBetter into your Ponce Bank MMDA within 30 days of meeting requirements.
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Available nationwide, Ponce Bank is offering a welcome bonus of up to $125 through SaveBetter. You'll need to open a new Money Market Deposit Account and deposit $5,000 to earn an initial $25, then you'll earn an additional $5 for every $5,000 you deposit after that, up to $100.

That means you'll need to deposit a total of $105,000 to earn the full $125, which is not the greatest offer. But, keep in mind that the MMDA from Ponce Bank also offers a pretty competitive APY, so it's still not a bad place if you're looking to park your savings.

SaveBetter is a platform that connects customers to multiple high-yield savings products. You'll essentially become both a customer of Ponce Bank as well as a customer of Save Better.

How To Earn The Bonus

The Ponce Bank Money Market Deposit Account promotion requires you to deposit and maintain a minimum balance in order to earn the $125 bonus. Full requirements to receive this bonus are:

  1. Open a new Ponce Bank MMDA through SaveBetter, using the promo code WELCOME.
  2. Deposit $5,000 to earn an initial $25 bonus, plus earn an additional $5 for every $5,000 deposited beyond that.
  3. Maintain the balance for 90 days.
  4. Bonus cash will be deposited by SaveBetter into your Ponce Bank MMDA within 30 days of meeting requirements.

The fine print

  • Offer limited to new customers.
  • Deposits must be made through SaveBetter.com.
  • Each customer is eligible to receive a maximum of $125USD of bonus cash.
  • US customers only.
  • Not open to SaveBetter or Deposit Solutions employees.
  • SaveBetter reserves the right to terminate this offer at any time and to deny Customer bonus cash for any reason.

Why Ponce Bank?

Money Market Deposit Account

The Money Market Deposit account from Ponce Bank is a high-yield MMA. This basically gives you the interest rate of a HYSA but with a debit card and check-writing privileges.

The account requires an opening deposit of $50, but you'll need to maintain a $500 balance to avoid the monthly fee and to earn interest.

Fees

Money Market Deposit Account does charge a monthly fee of $10, but there are ways to get this waived:

  • Maintain a $500 balance.