Bank Bonus Return Calculator

It’s personal finance 101 that you can have your money work for you by investing it.

That’s great, but we also need cash set aside for emergencies and for short-term saving goals such as down payments.

While most accept that this liquidity comes at the cost of returns, offers another option: new account promotions.

Are Bank Bonuses Worth It?

Bank bonuses will very often give you an effective interest rate that is WAY higher than any HYSA, while still being low risk compared to the short-term volatility of say, the stock market.

Of course, that’s not the case for every offer, so we recommend you always run the numbers for yourself.

And, like always, we’re here to help with that.

Calculate Bank Account Bonus ROI

If you have cash sitting in a savings account that you’re considering using to meet a minimum balance bonus requirement, this calculator will help you compare the APY of your savings account versus the cash bonus.

Enter the details of the bank offer you’re considering and, optionally, the rate you’re currently getting from your savings account. Then click “calculate” to see how the two compare.

What's the total amount you'll receive?


What's the minimum balance you're required to hold in the new account?


How long are you required to hold the balance in the new account in order to earn the bonus?

What fees will you incur while having the account? Don't include fees that will be waived or those that are avoidable, such as overdraft fees.

Already have your savings parked in a HYSA? Enter the rate you're earning to compare the bonus to that instead of the national average.


New Bank Account Bonus Offers

Banks and financial institutions offer cash incentives to new customers who open savings, checking and investment accounts.

The full requirements vary from one offer to the next, but one common theme are bank offers that require a minimum balance to be deposited into your new account and then maintained for a certain period of time.


Bringing in new money gives banks lending power – which means they’re able to lend to other clients and earn interest (and origination fees!) from those loans.

If you’re interested in putting your savings to work in this way, check out the offers below which each require a minimum balance to earn the bonus.

Citi® LogoCiti® Citi Priority Account up to $2000 July 23, 2023
  • Min Balance
U.S. Bank LogoU.S. Bank Business Checking up to $750 June 30, 2023
  • Min Balance
  • Bill Pay (optional)
  • Card Spend (optional)
Self-Directed Investing LogoJ.P. Morgan Self-Directed Investing up to $700 July 13, 2023
  • Min Balance
Chase Bank LogoChase Chase Private Client Checking℠ up to $3000 July 19, 2023
  • Min Balance
U.S. Bank LogoU.S. Bank Platinum Business MMA up to 4.25% APY July 31, 2023
  • Min Balance
Chase Business Complete Banking℠ LogoChase Chase Business Complete Banking℠ up to $500 August 3, 2023
  • Min Balance
  • Card Spend (optional)
M1 Finance LogoM1 M1 Invest [ACATS Transfer] up to $15000 June 17, 2023
  • Min Balance
see all bonuses