Simple Finance Bonus, Get up to $400 and 1.75% APY
Simple Finance is offering a new bonus that can get you up to $400 in cash. This Simple Finance bonus is available nationwide until 3/15/2020.
Offer
To earn $400:
- Apply for a new Simple Account by 3/15/2020 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 5/31/2020 4:59 PM PT.
To earn $200:
- Apply for a new Simple Account by 3/15/2020 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 5/31/2020 4:59 PM PT.
Balances in your Simple Account earn 0.01% APY. Also open an Individual Protected Goals Account to earn up to 1.75% 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.
Offer Terms
- Qualifying customers will receive the bonus credit to their Simple Account by 6/15/2020 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- Bonus may be modified or withdrawn without notice.
Eligibility
- Offer not valid for current customers
- Employees are ineligible for this promotion.
- US citizenship is required
Fees
These accounts have no monthly fees.
Guru’s Wrap-up
You need to deposit $20K for the $400 bonus and keep it in the account for about three months. With a $10K deposit you get a $200 bonus. Good offers, and better than last time around. The account earns a 1.75% 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.
If this bonus is not for you, then you can check our full list of available bank bonuses. And, if you’re new to bank account bonuses, you can learn more about churning bank accounts here.
