Top 10 Savings Account Promotions Available Now

Find a savings account bonus offer that you can't refuse.

Savings accounts enable you to manage your money more efficiently than you could with just a checking account. Keeping separate accounts is relatively easy and might make you feel less inclined to dip into your savings. When you take advantage of these savings account bank promotions, that “free money” can really help build up your balance.

Whether you’re opening your first savings account, adding a second account or trying out a new bank, it pays to reward yourself with savings account offers.

Top Savings Account Promotions

Banks offer promotions to earn your business, so savings account offers featuring introductory deals are almost always available. Here are the top savings account promotions and best bank account bonuses that you can take advantage of right now:

Savings Account Promotions Available Now
BankSavings AccountPromotion DetailsMinimum Opening DepositMinimum Balance to Avoid Fee
ChaseChase Bank Chase Savings$150 bonus when you open a Chase Savings account, deposit $10,000 or more within 20 business days and maintain a $10,000 balance for 90 days$25$300 or at least one automatic transfer of $25 or more from your personal Chase checking account each month
Regions logo 2017Regions Bank LifeGreen Savings1% annual savings bonus up to $100 by setting up an automatic transfer of at least $10 from a Regions checking account to your LifeGreen Savings for the entire year$5 with automatic recurring monthly savings transfer from a Regions checking account; otherwise, $50$0
Citizens Bank logo 2017Citizens Bank CollegeSaver$1,000 bonus plus interest when your child turns 18 if you open a savings account before the child’s 12th birthday and make a $25-$50 minimum deposit each month$25 if the child is under 6; $500 if the child is 6 to 12Minimum total savings accumulated each month
Amboy Direct logo 2017Amboy Direct eSavings$50 bonus for new eSavings clients who maintain a $3,000 minimum balance for three months$100$0
US Bank logo 2017U.S. Bank Start Smart SavingsEarn a $50 goal reward when you save $500 in your Package Money Market Savings account$25Must set up a recurring transfer of at least $5 each month between the
associated Silver Checking Package account and Package Money Market Savings account
BBVA logo 2017BBVA Compass Build My Savings1% match of your total transfer amount up to $50 for a 12-month savings plan and up to $25 for a 6-month savings plan$25Daily collected balance of at least $500 or automatic, recurring monthly transfers of at least $25
SunTrust logo 2017SunTrust Select Savings1% annual bonus up to $25 on the anniversary of your account opening when linked to certain SunTrust checking accounts$100$1,000, or a $25 automatic transfer from a SunTrust checking account
TIAA logo 2017TIAA Yield Pledge Money Market2.15% one-year intro APY for first-time money market clients on balances up to $250,000$5,000$0
Capital OneCapital One 360 Savings$25 bonus when you open a Capital One 360 Savings account and deposit at least $250$0$0
DiscoverDiscover Online Savings Account$150 bonus for a $15,000 deposit or $200 bonus for a $25,000 deposit by Dec. 17, 2018, for new customers who open an account by Dec. 3$0$0

Check Out: Best Bank Account Promotions Currently Available

Chase Bank Chase Savings: $150 Bonus

Earn a $150 Chase Bank bonus when you open a savings account as a new customer, deposit at least $10,000 within 20 business days and maintain the balance for at least 90 days.

Besides maintaining a minimum daily balance or initiating monthly transfers to avoid the service fee, here are four other options:

  • Keep a balance of $300 or more in your savings account at the beginning of each day
  • Have at least one repeating automatic transfer of $25 or more from your Chase personal checking account
  • Having a linked Chase Premier Plus Checking, Chase Sapphire Checking or Chase Private Client Checking account
  • Meeting the 18-and-under age requirement

Chase Savings Account Review: All Your Banking in One Place

Regions Bank LifeGreen Savings: Up to a $100 Bonus

In order to score the bank savings account promotion offer from Regions Bank, you must have or open a Regions Checking account. With a minimum opening deposit of $50 — it’s $5 if an automatic monthly transfer from your checking to LifeGreen Savings is set up — no service fee and a 30 percent discount on one safe deposit box, this account can really pay off.

Citizens Bank CollegeSaver: $1,000 Bonus

Earn one of the best savings account bonuses on this Citizens Bank account designed for future college students. Get $1,000 plus interest when your child turns 18 if you open the account before their 12th birthday and make a monthly deposit of at least $25 to $50 every year.

With no savings limits on this account, the more you save, the more interest you can earn. You’ll receive deposit reminders to help you stay on track — or, you can enroll in Steady Save to ensure deposits happen when they should.

Amboy Direct eSavings: $50 Bonus

New eSavings clients can earn a $50 bonus by maintaining a $3,000 minimum balance for at least three months at Amboy Direct.

To transfer funds to your eSavings account, you can use an Amboy or non-Amboy personal checking account and enjoy the same benefits.  Plus, you don’t have to deal with the hassle of monthly fees or minimum balance requirements.

Find Out: How to Guarantee You Get the Best Online Savings Account

US Bank START Smart Savings: $50 Bonus

Initiate a START Smart Savings Program at U.S. Bank when you open a Silver Checking Package and link it to a Package Money Market Savings Account. Set a savings goal and automatically transfer money from your Silver Checking account to your Package Money Market Savings each month. Get a $50 reward when you reach your goal and receive a 1 percent bonus of up to $50 on gas and grocery purchases you make with your Silver Checking Visa debit card.

BBVA Compass Build My Savings: 1 Percent Match

Get a reward when you reach your savings goals. Open a Build My Savings account with at least $25 and link it to your BBVA Compass consumer checking account to start saving. BBVA Compass will match 1 percent of your total transfer amount for up to $50 in a 12-month savings plan and $25 in a six-month plan. In addition to the bonus, you’ll earn interest on your entire account balance.

SunTrust Bank Select Savings: $25 Bonus

SunTrust makes it easy to earn a reward when you set up a savings plan and contribute to it. Earn a 1 percent anniversary bonus of up to $25 when you link your SunTrust Bank Select Savings account to a SunTrust Select Checking or Signature Advantage Checking account. Linking your checking account will also enable you to avoid the monthly maintenance fee if you set up a monthly minimum $25 automatic transfer or maintain a $1,000 daily balance.

TIAA Yield Pledge Money Market: 2.15% Intro APY

The IRA-eligible Yield Pledge money market account’s introductory offer of 2.15% APY on balances up to $250,000 — one of the highest interest rates offered — lasts for an entire year after you open the money market account. Add money to your TIAA account at any time with the convenience of mobile check deposit, and enjoy no monthly account fees.

Learn: How to Choose a High-Yield Savings Account

Capital One 360 Savings Account: $25 Bonus

With a 1% APY, no fees and no minimum balance requirement, the Capital One 360 Savings account is a viable option if you like to earn while saving. And, if you deposit at least $250 when opening a new account, you’ll receive an immediate $25 bonus. With its free account transfers, automatic savings plans and mobile deposit capability, the Capital One 360 Savings account can help simplify the process of saving money.

Discover Online Savings Account: Up to a $200 Bonus

Enjoy 1.90% APY and pay no monthly maintenance or minimum balance fees when you open a Discover Bank online savings account online or by phone by Dec. 3, 2018. Then, deposit at least $15,000 total into your account by Dec. 17 to earn a $150 bonus or deposit at least $25,000 total into your account to earn a $200 bonus. The Discover online savings account bonus will be credited to your account by Dec. 31.

Take a look at the best online savings accounts that are worth checking out.

More on Banking With Savings Accounts

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Gabrielle Olya contributed to the reporting for this article.

Rates and offers are accurate as of Nov. 15, 2018.

Methodology: identified the best savings account promotions by analyzing promotion details, minimum opening deposits and minimums to avoid fees. All fees and rates are subject to change at the issuers’ discretion. And, some bonus offers might no longer be available on the issuers’ websites, depending on how you access the web page.

GOBankingRates is a personal finance and consumer interest rate website owned by ConsumerTrack, Inc., an online marketing company serving top-tier banks, credit unions, and other financial services organizations. Some companies mentioned in this article might be clients of ConsumerTrack, Inc., which serves more than 100 national, local and online financial institutions. Rankings and roundups are completely objective, and no institution, client or otherwise, paid for inclusion or specific placement. Any opinions, analyses, reviews or recommendations expressed in this article are those of the author alone and have not been reviewed, approved or otherwise endorsed by the companies included in the article.

Editorial Note: This content is not provided or commissioned by the bank advertiser. Opinions expressed here are author’s alone, not those of the bank advertiser, and have not been reviewed, approved or otherwise endorsed by the bank advertiser. This site may be compensated through the bank advertiser Affiliate Program.

About the Author

Cynthia Measom is a Texas-based writer specializing in finance, business, parenting and education. With almost a decade of online writing experience, her work has appeared on websites such as, The Bump and The Motley Fool. Measom received a Bachelor of Arts in English from the University of Texas at Austin.