Top Bank Bonuses Offered in July 2025
In the current financial landscape, several banks are offering attractive incentives for opening new checking and savings accounts. Here's a roundup of some of the most lucrative offers available in July 2025.
USAA Federal Savings Bank is offering a bonus of $250 for opening a USAA Classic Checking account with at least $100 in direct deposits within the first 90 days. To avail of this bonus, new customers should open their account using the promotional code provided and deposit at least $500 worth of eligible direct deposits within 90 days of opening the account.
Capital One Bank is offering up to $1,500 bonus for deposits up to $100,000, no direct deposit required, with a decent interest rate. This offer does not require a credit check, making it an attractive option for those who want to avoid a hard credit pull.
E*Trade Savings is offering a $750 bonus for a $75,000 deposit, with funds held for about 45 days. This offer is publicly available and can be claimed by both new and existing customers.
Citi Savings is offering up to $2,000 bonus for large deposits, with no direct deposit needed. This offer equates to about 8.6% APY for the best bonus, making it an attractive option for those looking for high returns.
Ameriprise Bank Savings is offering tiered bonuses with $200 for a $15,000 deposit, $800 for $50,000+, and is available to both new and existing customers. To qualify, customers must maintain their deposit through day 90.
Discover Savings Account is offering up to $200 bonus for deposits between $15,000 and $25,000. This offer requires customers to make cumulative deposits to qualify for the bonus.
Waterstone Bank (for Wisconsin residents only) is offering a $100 savings bonus with a $10,000+ deposit, which can be combined with a $250 checking bonus.
TD Bank is offering a $200 bonus for opening a new Signature or Simple Savings account. To earn this bonus, customers must deposit at least $10,000 into their new account within 20 days of opening it and maintain the balance for another 90 days.
Alliant Credit Union is offering $100 after a year by making monthly deposits into the Ultimate Opportunity Savings Account. To qualify, new members must open the account and make monthly deposits for 12 consecutive months.
SoFi Bank is offering a bonus of $300 or $50 for new customers with $5,000 or more or between $1,000 - $4,999 in direct deposits respectively. To earn the bonus, customers must deposit at least $15,000 worth of new money into a USAA Performance First Savings account within 30 days of opening it and maintain their balance at $15,000 or higher for 90 days after their initial 30 days with the account.
Chase Private Client Checking account is offering a bonus of up to $3,000 for depositing $500,000 or more.
Bank of America is offering a bonus of $300 for opening one of three eligible checking accounts with $2,000 worth of eligible direct deposits within the first 90 days.
Huntington National Bank is offering $600 or $400 for opening Perks Checking Account or Platinum Perks Checking account respectively.
BMO Bank is offering up to $60 bonus ($5 monthly) during the first 12 months for the Savings Builder Account.
Morgan Stanley Private Bank is offering up to $750 by opening a new Premium Savings Account. The expiration date for this offer is September 30, 2025.
KeyBank is offering an annual bonus of $100 for the KeyBank Key Select Checking account. The bonus is received within 90 days of completing the requirements.
M&T Bank is offering bonuses for MyChoice Premium Checking, MyChoice Plus checking, and EZChoice checking accounts. Bonuses are $200, $150, and $100 respectively.
It's important to note that these offers typically require new deposits ("new money") and maintaining a minimum balance for a certain period, ranging from about 45 days to 90 days. Most require a soft credit pull and prohibit funding via credit cards. Exact terms and eligibility vary by institution, so reviewing each bank’s detailed offer is advisable before applying.
- The finance industry's current business model in banking and insurance includes offering lucrative incentives for opening new checking and savings accounts, such as the $250 bonus offered by USAA Federal Savings Bank for their USAA Classic Checking account.
- Capital One Bank, E*Trade Savings, Citi Savings, Ameriprise Bank Savings, Discover Savings Account, and Waterstone Bank (for Wisconsin residents) are among the financial institutions competing for customers by offering attractive bonuses and interest rates on their savings accounts.
- Alongside savings accounts, checking accounts also provide incentives. For instance, TD Bank offers a $200 bonus for opening a new Signature or Simple Savings account, and Huntington National Bank offers bonuses for Perks Checking Account or Platinum Perks Checking account. However, it's crucial to review each bank's detailed offer, as requirements vary for maintaining a minimum balance and eligibility.
