10 Best Savings Account Promotions Available Now

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

Savings accounts enable you to manage your money more efficiently than you can with just a checking account — keeping separate accounts is easy and might make you less inclined to dip into your savings. When you take advantage of the best 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 the best savings account offers.

Here’s a look at the 10 best savings accounts and promotions currently available:

Best Savings Account Promotions Available Now
BankSavings AccountPromotion DetailsMin. Opening DepositMin. 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 repeating automatic transfer of $25 or more from your personal Chase checking each month
Regions logo 2017Regions Bank LifeGreen Savings1% annual savings bonus up to $100 by setting up automatic transfer of funds of at least $10 from Regions checking account to LifeGreen Savings for the entire year$50 online; $5 in a branch$0
Citizens Bank logo 2017Citizens Bank College Saver$1,000 bonus plus interest when child turns 18, if you open savings account before child’s 12th birthday and make $25-$50 minimum deposit each month$25 if child is under 6; 500 if 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$100One cent to avoid account closing; $1 to keep any interest earned
US Bank logo 2017U.S. Bank START Smart SavingsSet savings goal and automatically transfer money from Silver Checking each month; earn $50 goal reward when savings goal reached within one year of enrolling$25$0
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 Bank Select Savings1% annual bonus up to $25 on anniversary of account opening when linked to certain SunTrust checking accounts$100$1000 or $25 auto transfer from a SunTrust checking account
TIAA logo 2017TIAA Yield Pledge Money Market1.60% 1-year intro APY for first-time money market clients on balances up to $250K$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 $15,000 deposit or
$200 bonus for $25,000 deposit by 09/19/18 for new customers who apply by 09/05/18.

Top Savings Account Promotions

Banks offer promotions to earn your business, so savings account offers featuring promotion 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:

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. If the offer appeals to you, act quickly: The promotion expires October 15, 2018.

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

  • Having a linked Chase Premier Plus Checking, Chase Premier Platinum Checking or Chase Private Client Checking account
  • Meeting the 18-and-under age requirement

Learn: Questions to Ask Before Opening a Savings Account

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 an opening minimum deposit of $50 — $5 if you open the account in-branch with a monthly transfer from your Regions checking account — no service fee and a 30 percent discount on one safe deposit box account, this account can really pay off.

Citizens Bank College Saver: $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 when you open the account before his or her 12th birthday and make at least a $25 to $50 deposit each month, 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 with your deposit accounts — 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 for maintaining a $3,000 minimum balance for at least three months at Amboy Direct. Although financial emergencies might force you to withdraw the bulk of your savings, keep at least $1 in the account to avoid forfeiting accrued interest.

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 hassle with monthly fees or minimum balance requirements.

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% 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 for a 12-month savings plan and $25 for 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: 1.60% Intro APY

Thanks to the IRA-eligible Yield Pledge money market account at TIAA you’re on your way to saving every day. This high-interest account’s introductory offer of 1.60% 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 account at any time with the convenience of mobile check deposit, and enjoy no monthly account fees.

Capital One 360 Savings Account: $25 Bonus

With a 1.00 percent APY, absolutely no fees and no minimum balance requirement, the Capital One 360 Savings account is already a winner if you like to earn while saving. And, when you deposit at least $250 when opening a new account, you’ll receive an immediate $25 bonus. Plus, Citibank’s free account transfers, automatic savings plans and mobile deposit capability make savings a snap.

Discover Online Savings Account: Up to a $200 Bonus

Enjoy 1.75% APY and pay no monthly maintenance or minimum balance fees when you open a Discover Bank online savings account online or by phone by Sept. 5, 2018. Then, by September 19, deposit at least $15,000 total into your account to earn a $150 bonus or deposit at least $25,000 total into your account to earn a $200 bonus. The online savings account bonus will be credited to your account by October 3.

See: Money Market Account Tips to Improve Your Savings Strategy

More on Banking and Savings Accounts

Methodology: GOBankingRates.com 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.