Simple Finance Bonus, Get up to $300 and 1.90% APY
Simple Finance is offering a new bonus that can get you up to $300 in cash. This Simple Finance bonus is available nationwide until 2/15/2020.
To earn $300:
- Open a new Simple Account by 2/15/202019 4:59 PM PT.
- Deposit(s) totaling $20,000 or more must post to the new Account by 3:59 PM PT 10 calendar days after account opening.
- Maintain a balance of at least $20,000 through 4/30/2020 4:59 PM PT.
To earn $150:
- Open a new Simple Account by 2/15/2020 4:59 PM PT.
- Deposit(s) totaling $10,000 or more must post to the new Account by 3:59 PM PT 10 calendar days after account opening.
- Maintain a balance of at least $10,000 through 4/30/2020 4:59 PM PT.
Balances in your Simple Account earn 0.01% APY. Also open an Individual Protected Goals Account to earn up to 1.90% APY and keep it safe from spending. Then we’ll use the combined balance between your Simple Account and Protected Goals Account to calculate your eligibility for the bonus.
- Qualifying customers will receive the bonus credit to their Simple Account by 5/15/2020 4:59 PM PT.
- Accounts must be open and in good standing at the time of bonus credit.
- BBVA USA may report the value of the bonus to the IRS as required by law. Any client whose tax status would require BBVA USA to impose tax withholding of any sort will not be eligible for this bonus.
- Bonus may be modified or withdrawn without notice.
- Offer not valid for current customers
- Employees are ineligible for this promotion.
- US citizenship is required
These accounts have no monthly fees.
You need to deposit $20K for the $300 bonus and keep it in the account for about three months. With a $10K deposit you get a $150 bonus. Not the best offer we have seen from Simple Finance. Last time around for the same requirements they were giving out bonuses of $500 and $250 respectively. The account earns a 1.90% APY which is very competitive.
There have been some issues during previous deals with opening the account, accessing it, funding and more. Please let me know in the comments if you have dealt with this bank in the past. Hopefully it will help other readers who are thinking of applying.