Top bank account incentives to consider in May 2025
Individuals seeking to establish a new checking or online savings account may find several financial institutions offering incentives for their funds, with bonuses ranging up to $3,000 for certain checking accounts and $300 for savings accounts. To take advantage of these offers, one must compare account bonuses from various banks and determine the best deal suitable for their needs.
Be mindful that each financial institution has specific eligibility requirements for bonuses, and individuals are encouraged to review these conditions on the bank's website before applying.
Exemplary Checking Account Bonuses
- Chase Private Client: Offers a $3,000 bonus for opening a new Private Client Checking account or upgrading an existing account, given certain minimum deposit requirements.
- Huntington National Bank: Provides $600 for opening a Perks Checking Account and $400 for opening a Platinum Perks Checking Account, but these offers are valid only for residents of specific states.
- BMO Bank: Gives a $400 bonus for opening either a Smart Advantage or Smart Money Checking Account upon meeting minimum deposit and direct deposit conditions.
- PNC Bank: Offers up to $400 for opening a Virtual Wallet account, depending on the account tier chosen, and subsequent direct deposit amount.
- Bank of America: Grants a $300 bonus for opening either an Advantage Relationship Banking, Advantage Plus Banking, or SafeBalance Banking account.
Check the aforementioned banks' websites for eligibility, tiered bonuses, and expiration dates. Other banks may offer similar incentives, so it's essential to research thoroughly.
Superior Savings Account Bonuses
- CIT Bank: Provides up to $300 for opening a Platinum Savings Account upon meeting minimum deposit requirements.
- TD Bank: Offers a $200 bonus for opening a new TD Signature Savings or TD Simple Savings account upon maintaining a balance of $10,000 for a period of 90 days.
- Alliant Credit Union: Awards a $100 bonus for opening an Ultimate Opportunity Savings Account after 12 consecutive months of monthly deposits.
Outstanding Business Account Bonuses
- Huntington National Bank: $1,000 bonus for new business checking accounts, Business Checking 100, Unlimited Business Checking, or Unlimited Plus Business Checking, depending on the deposit amount and account type.
- PNC Bank: Provides up to $1,000 for opening a new PNC Business Checking account, Business Checking Plus account, Analysis Business Checking, or Treasury Enterprise Plan, based on the deposit amount and account type.
The banking-and-insurance industry is competitive, with financial institutions offering attractive incentives for both personal and business accounts. For instance, individuals can benefit from checking account bonuses such as the $3,000 offer from Chase Private Client, or the $600 from Huntington National Bank for specific checking accounts. In the savings account realm, CIT Bank offers up to $300 for the Platinum Savings Account. On the other hand, businesses might find appealing offers like Huntington National Bank's $1,000 bonus for new business checking accounts. Thorough research is essential to determine the best finance and banking deals that cater to one's needs,industry audiences, and business requirements.
