Bank Bonus Return Calculator

Use the free calculator to determine how a bank bonus can grow your savings better than most HYSA. Input the bonus amount, time, and balance requirement.

Grant Sabatier

2 min read
Last updated January 30, 2024

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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, BankBonus.com 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.

Bonus Amount

What's the total amount you'll receive?

Balance Required

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

Lockup Period

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

Advanced Options

Account Fees

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.

Current APY

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 is bank offers that require a minimum balance to be deposited into your new account and then maintained for a certain period of time.

Why?

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.

Bank	Bonus	Expires	Requirements
J.P. Morgan Self-Directed Investing	up to $700	July 22, 2025	Min Balance	Learn More
Live Oak Live Oak personal savings	$300	May 16, 2025	Min Balance	Learn More
Raisin High Yield Savings	up to $500	June 30, 2025	Min Balance	Learn More
Chase Chase Business Complete Checking®	up to $500	July 17, 2025	Min Balance Card Spend (optional)	Learn More
U.S. Bank Platinum Business MMA	up to 4.00% Bonus Interest Rate	Limited Time	Min Balance	Learn More
CIT Platinum Savings	up to $300	Limited Time	Min Balance	Learn More
E*TRADE Bank Brokerage Account	up to $6000	July 31, 2025	Min Balance	Learn More

see all bonuses

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