Bank of America Savings Bonus
Bank of America has an offer for current customers with a bonus up to $500. You need to deposit new funds into your account to qualify for this Bank of America savings bonus.
Offer
Get an exclusive cash bonus offer up to $500 when you make qualifying new money deposits into an eligible savings account. Here’s how it works:
- Enroll in this offer online or with a Bank of America associate December 31, 2019
- Within 30 days of enrolling in this offer, open or maintain an existing eligible savings account.
-
Qualifying new money deposits of: Eligible for a bonus of: $10,000 – $19,999 $150 $20,000 – $49,999 $200 $50,000 – $99,999 $300 $100,000 + $500
-
- At the end of the 30‑day period, all qualifying deposits will be totaled to determine your eligible bonus tier.
- Maintain the qualifying deposits in your eligible savings account for 90 days following enrollment.
- Bonus will be deposited directly into the eligible savings account within sixty (60) days.
Offer Terms
- This offer is only available to select Bank of America customers who receive this offer via a direct communication from Bank of America.
- Excludes Certificates of Deposit (CDs), Individual Retirement Accounts (IRAs), Minor/Student savings accounts and fiduciary accounts such as trust accounts.
- Enroll in the offer by December 31, 2019
Guru’s Wrap-up
The offer is available for new and existing customers, if you received it directly by mail. Depositing $10K for a $150 bonus seems like the best option. You get a return of 6% since you need to keep the money in the account for 90 days.
