Top Bank Account Incentives for August 2025
Banks Offer Attractive Bonuses for New Checking and Savings Accounts
In an effort to attract new customers, several banks are offering financial incentives for opening new checking or online savings accounts. These bonuses, ranging from $100 to $3,000, provide a valuable opportunity for individuals and businesses to boost their savings.
Checking Account Bonuses
Huntington National Bank is offering up to $1,000 by opening one of their Unlimited Business Checking or Unlimited Plus Business Checking accounts. To earn a bonus, deposit a minimum of $25,000 for a $250 bonus, $50,000 for a $500 bonus, or $75,000 or more for a $750 bonus.
M&T Bank offers bonuses for opening MyChoice Premium Checking, MyChoice Plus checking, or EZChoice checking accounts, with amounts of $200, $150, or $100 respectively.
TD Bank offers $200 by opening a new TD Signature Savings or TD Simple Savings account. To earn $400, open a Business Checking account and make at least 20 qualifying debit card transactions within the first three statement cycles, while maintaining an average ledger balance of $2,000 or more for the same period.
Capital One offers a $250 bonus for opening a new 360 Checking account, with deposit requirements of $500.
Bank of America offers a $300 bonus for opening one of three eligible checking accounts, with deposit requirements of $2,000.
PNC Bank offers up to $1,000 by opening a new PNC Business Checking account, Business Checking Plus account, Analysis Business Checking or Treasury Enterprise Plan.
Chase Private Client offers a $3,000 bonus for opening or upgrading to a checking account, with deposit requirements between $150,000 and $500,000.
SoFi Bank offers a $300 or $50 bonus for opening a SoFi Checking and Savings account, with deposit requirements of $5,000 or $1,000 - $4,999 respectively.
Savings Account Bonuses
USAA Federal Savings Bank offers $200 by opening USAA’s Performance First Savings Account and depositing $15,000 or more within your first 30 days.
TD Bank offers $200 by opening a new TD Signature Savings or TD Simple Savings account.
Discover Bank offers up to $200 by opening one of these accounts and depositing at least $25,000 into it.
BMO Bank offers a $400 bonus for opening a Smart Advantage or Smart Money Checking account, with deposit requirements of $4,000.
Alliant Credit Union offers $100 after a year by making monthly deposits into that account.
KeyBank's KeySelect Checking account offers an annual bonus of $100.
Morgan Stanley Private Bank offers up to $750 by opening a new Premium Savings Account.
PNC Bank offers a solid APY on their Savings accounts, but higher yields can be found elsewhere.
Brokerage Account Bonuses
Currently, several brokerage accounts are offering bonuses for opening new accounts in August 2025. E*TRADE offers up to a $5,000 cash bonus based on qualifying deposits, while TradeStation provides up to $3,500 in bonuses with a $500 deposit requirement for a $50 cash reward. Webull is giving up to 75 free fractional shares plus 7% APY on deposits, and Moomoo offers 8.1% APY and up to 60 free stocks for a limited time. Robinhood provides up to $200 in free stock bonuses, and Charles Schwab has referral bonuses up to $1,000. J.P. Morgan Self-Directed Investing provides up to $700 for qualifying deposits, and Merrill Edge offers between $100 and $600 depending on deposit size, requiring at least $20,000 in net new assets and a 90-day balance hold. SoFi Invest offers up to $1,000 in free stocks, and tastytrade also offers up to $5,000 bonuses for qualifying deposits.
These offers vary in their deposit thresholds, account types, and terms, so it is important to read the detailed terms on each brokerage’s official site for full eligibility requirements and timelines.
Important Considerations
These bonuses typically require a minimum deposit and maintenance of the balance for a set period (e.g., 90 days). Some promotions also include free stocks or fractional shares instead of cash bonuses.
It is essential to note that these offers are not available in all locations, and not everyone is eligible to open accounts at USAA. The requirements to earn the bonus for either account are the same: Deposit at least $10,000 into your new Simple Savings or Signature Savings account within 20 days of opening the account, and after the first 20 days elapse, maintain the balance of $10,000 or more for another 90 days.
For the most accurate and current promotion details, refer to the broker's website or trusted financial deal aggregators like WallStreetZen, NerdWallet, and Bankrate.
In the competitive banking and insurance industry, various financial institutions offer attractive incentives for opening new checking and savings accounts. These bonuses, intended to attract both businesses and individuals, range from small amounts like $100 to significant figures such as $3,000. For instance, Capital One offers a $250 bonus for opening a new 360 Checking account, while PNC Bank and Chase Private Client offer up to $1,000 and $3,000 respectively for new business checking accounts. Moreover, some brokerage accounts are providing bonuses for opening new accounts, with offers like E*TRADE's up to $5,000 cash bonus or Robinhood's up to $200 in free stock bonuses. However, it is crucial to carefully review the terms and conditions for each offer, as qualifying deposits, maintenance periods, and geographical restrictions may apply.
