Offer at a glance
- Maximum bonus amount:
- Availability: Nationwide, online or in-branch
- Direct deposit required: Yes, no minimum. Click here to see what triggers this bonus.
- Additional requirements: None for control; $15,000 balance in savings
- Hard/soft pull: Soft
- ChexSystems: It doesn’t attract
- Credit card financing: Can fund up to $50 with a debit card online (prepayments do not work). Cannot be funded by debit or credit at the branch.
- Monthly fees: $5, avoidable
- Early account closure fee: ANY
- Family boundary: None listed
- Expiration date: 15.07.2026
Offers
- Chase is offering a savings bonus of up to $200. Must deposit the minimum within 30 days of opening the account and hold it in the new savings account for at least 90 days from the coupon registration date.
- Chase SavingsSM Bonus Amount: $100 – New Money Deposit Amount: $5,000 – $9,999.99
- Chase SavingsSM Bonus Amount: $200 – New Money Deposit Amount: $10,000 or more
Fine Press
- All bank account bonuses are treated as income/interest and as such you must pay tax on them
Avoidance of fees
Monthly fees
$5 monthly service fee OR $0 with one of the following, each monthly statement period:
- Maintain a balance at the beginning of each day of $300 or more in your savings account,
- OR you have $25 or more in total Auto-Save or other recurring automatic transfers from your personal Chase checking account (only available through chase.com or Chase Mobile®),
- OR have a Chase College CheckingSM account linked to this Overdraft Protection account,
- OR you have an account owner who is an individual younger than 25 years of age,
- OR have a linked JP Morgan Private Client Checking, JP Morgan Classic Checking, ChaseSM Private Client Checking, Chase Sapphire® Checking, or Chase Premier Plus CheckingSM
Early account termination fee
There used to be a six month period where you would lose the bonus if you quit, but sometime in 2022 (?) they removed that clause and so now it’s safe to quit after getting your bonus paid.
Our verdict
Previously, these bonuses were not worth considering as it was better to do it $900 combined check/savings promotion. Now there are flat check bonuses for 400 dollars OR 900 dollars so some people would be eligible for this bonus.
This account earns essentially 0%, so if we compare it to an account earning 5% APY, you would earn $123 on that account with $10,000 in 90 days (it’s actually better than that since you only have to hold the funds from day 29/30 – 90). Whereas this bonus you get $200 so it’s a bit better. Personally I would expect a more generous savings offer to come.
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