Savings Account Promotions Without Direct Deposit
Best Savings Account Bonus Promotions

The following banks with large branch networks are offering cash promotions for new account holders. Some smaller banks or credit unions near you may also be offering their own promotions or matching these promotions.

Major Banks Offering Savings Promotions - Mar 6, 2021

Citibank: Cash bonuses of $200, $400, $700 or $1,500 for new regular or interest-bearing checking. Great way to save automatically and build your savings. Minimum opening deposit. Save As You Go ® transfer option: We'll automatically transfer $1 of your funds from your linked Wells Fargo checking account to your Way2Save Savings account for each qualifying transaction; Monthly automatic transfer option to reach your. Promotions: Chase sends postcards offering customers either $150 or $200 bonuses when they open a new Chase Savings account. To earn the bonus, you must deposit a total of $10,000 or more in new money within 10 days & maintain a $10,000 balance for 90 days. These offers are routinely extended to customers without postcards as well.

Chase Savings Account

Find Chase branches near you.

Rate Information: 0.01% APY on all balances.

Promotions:

Chase sends postcards offering customers either $150 or $200 bonuses when they open a new Chase Savings account. To earn the bonus, you must deposit a total of $10,000 or more in new money within 10 days & maintain a $10,000 balance for 90 days. These offers are routinely extended to customers without postcards as well.
Chase sends postcards offering certain targeted customers a higher bonus. Residents of Florida and Massachusetts routinely get postcards offering this same promotion with either a $300 bonus or a $500 bonus. Residents of certain zip codes in New York City (10021, 10023, 10024, 10028, 10128) and Los Angeles (90272, 90027. 90028 and 90038) may be targeted for a $600 bonus.

Availability: AZ, CA, CO, CT, DC, FL, GA, ID, IL, IN, KY, LA, MA, MI, NJ, NV, NY, OH, OK, OR, PA, TX, UT, WA, WI, WV.

Cons:

Chase Savings Accounts charge monthly fees including a $5 monthly fee that can be easily waived with a $15,000 daily balance. Chase also charges domestic wire fees, overdraft fees, and a statement fee of $6 per statement if you receive a paper statement.
Chase charges $2.50 for any inquiries, transfers or withdrawals while using a non-Chase ATM in the U.S., OR $5 per withdrawal and $2.50 for any transfers or inquiries at ATMs outside the U.S.
The interest rate on Chase savings accounts is just 0.01% as of early 2020.
Bonuses are available to new Chase customers only.

Citibank Savings Account

Find Citibank branches near you.

Rate Information: Varies, but very low.

Promotions:

The following promotions were offered by Citibank in 2019 and we have been informed that it may have been extended in certain branches for some customers into 2020:
Existing Citibank customers who deposited $25,000 in funds from outside Citibank to a Citi Savings or Savings Plus account received a $700 bonus so long as the money is held for three months.
New customers opening a Citi Priority Package Account with over $100,000 are eligible to receive a $600 bonus so long as the money is held for three months. The Citi Priority Package Account is a new program offering on-demand financial guidance, digital tools and benefits designed to match those of Chase Private Client services.
New customers opening a Citibank Account Package with a savings account and a checking account and funding it with $15,000 are eligible to receive a $400 bonus so long as the money is held for three months. Some customers may not be eligible.

Availability: Nationally

Cons:

Savings Account Promotions Without Direct Deposit

Citibank Savings Accounts charge monthly fees that may or may not be easily waived.
Citibank also charges fees for inquiries, transfers or withdrawals while using a non-Citibank ATM in the U.S., and any ATMs outside the U.S.
The interest rate on Citibank savings accounts is not competitive.

Best Savings Account Bonus Promotions

Bank Of America Savings Account

Find Bank of America branches near you.

Rate Information: 0.03% APY on all balances.

Promotions:

Get a $100 bonus when you open a Bank Of America Savings account in-branch with $10,000 minimum deposit.

Availability: Nationwide

Cons:

Bank of America may charge monthly fees and for the use of out-of-network ATMs
The interest rate on savings accounts at Bank of America is not competitive.