Bank of America is offering targeted consumers nationwide a chance to earn $50 up to a $300 bonus with a new savings account and meeting certain requirements. Below is all the information and details you need to earn your Bank of America $300 Savings Bonus!
Bank of America $300 Savings Bonus Summary
To earn your Bank of America $300 Savings Bonus, simply open a new Regular Savings or Rewards Money Market Savings Account and complete certain requirements.
- Bonus Offer: Bank of America $300 Savings Bonus
- Availability: Nationwide (Bank Locator)
- Expiration: 09/30/2017
- Credit Inquiry: Soft Pull
- Credit Funding: Up to $250 with debit card
- Opening Deposit Requirement: $25, but $5,000 minimum to start earning bonuses
- Direct Deposit Requirement: Yes, qualifying deposits
- Monthly Service Fee: $5 or $12, see below on how to waive the fees
- Early Termination Fees: None listed
- Promo Code(s): None
Application Link
Bank of America $300 Savings Bonus: If you are eligible for this bonus offer, apply today!
If you are interested in more Bank of America Bank Deals, Bonuses, and Promotions, see our compiled list of Bank of America Deals here.
Bonus Requirements
Take three steps to earn up to $300:
- Open a savings account Open a new Bank of America® Regular Savings or Rewards Money Market Savings account with a minimum opening deposit of $25.
- Next, you have thirty (30) days from account opening to make qualifying deposits of $5,000 or more in new money directly into your eligible savings account. After the 30-day period, all qualifying deposits will be totaled to determine your eligible bonus tier.
- Qualifying Deposits of $5,000 -$9,999 will earn a $50 bonus
- Qualifying Deposits of $10,000-$19,999 will earn a $100 bonus
- Qualifying Deposits of $20,000-$49,999 will earn a $200 bonus
- Qualifying Deposits of $50,000+ will earn a $300 bonus
- Finally, after your eligible tier is established, you must maintain your qualifying deposits for an additional 60 days.
Avoid Monthly Fees
- Regular Savings Account: $5 monthly fee waived if;
- Maintain a minimum daily balance of at least $300 or
- Link your Bank of America Interest Checking® account to your Regular Savings account (waiver applies to first 4 savings accounts) or
- When you are a Bank of America Preferred Rewards client (waiver applies to first 4 checking and savings accounts)
- You may also make combined monthly automatic transfers of $25 or more from your Bank of America checking account to your savings account during the immediately preceding statement cycle.
- Rewards Money Market Savings Account: $12 monthly fee waived if;
- Maintain a minimum daily balance of at least $2,500 or
Link your Bank of America Interest Checking® account to your Rewards Money Market Savings account (waiver applies to first 4 savings accounts) or - When you are a Bank of America Preferred Rewards client (waiver applies to first 4 checking and savings accounts)
- Maintain a minimum daily balance of at least $2,500 or
Author’s Verdict
If you’re looking for a savings account that comes with a bonus, consider this Bank of America $300 Savings Bonus. If you have the funds, you can earn a maximum bonus of $300. Personally, the max I would go for is the $200 bonus since you’ll be getting a 1% return on all tiers up to the $200 bonus mark (the $300 bonus has a return of 0.60% return) and allocate the rest of my funds towards another bonus with a better return. Let us know in the comment section below on your thoughts and experience with this bonus! Be sure to check back on BankDealGuy for more bank deals!
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