[Expired] Chase Savings $225 Online Bonus – Requires $15,000 Deposit For 90 Days

Deal has expired, view the best current savings bonuses by clicking here.

Keep in mind this now contains the new two year language.

Offer at a glance

• Maximum bonus amount: $225
• Availability: Select areas (see data points at the top of this post for more exact locations – probably similar results here)
• Deposit required: $15,000
• Deposit length: 90 days
• APY: 0.01%
• Hard/soft pull: Soft
• ChexSystems: Unknown
• Credit card funding: up to $500 (seems like it’s debit card only now)
• Monthly fees: $5, avoidable
• Early account termination fee: Six months, bonus forfeit
• Household limit: None
• Expiration date: August 6, 2018 September 27th, 2018 November 20th, 2018 January 17th, 2019

The Offer

Direct link to offer

• Chase is offering a bonus of $225 when you open a new Chase Savings account and deposit $15,000 or more in new money within 20 business days of account opening and maintain that balance for 90 days.

The Fine Print

• Savings offer is not available to existing Chase savings customers, those with fiduciary accounts, or those whose accounts have been closed within 90 days or closed with a negative balance.
• To receive the bonus: 1) Open a new Chase SavingsSM account, which is subject to approval; 2) Deposit a total of $15,000 or more in new money within 20 business days of account opening; AND 3) Maintain at least a $15,000 balance for 90 days from the date of deposit.
• The new money cannot be funds held by Chase or its affiliates.
• After you have completed all the above requirements, we’ll deposit the bonus in your new account within 10 business days.
•  You can only receive one new savings account opening related bonus every two years from the last enrollment date and only one bonus per account
• The bonus is considered interest and will be reported on IRS Form 1099-INT (or Form 1042-S, if applicable).

Avoiding Fees

This account has a $5 monthly fee that isw aived if you do any of the following:

• Maintain a daily balance of at least $300 or more
• Have at least one repeating automatic transfer of $25 or more from your Chase personal checking account
• Are under 18 years of age
• Have a linked Chase Premier Plus, Chase Premier Platinum Checking or Chase Private Client checking account.

Our Verdict

This deal turns the equivalent of a 6% APY by locking up $15k for 90 days.  There are currently three other offers available as well (both expire soon):

• $150 savings bonus with $10,000 deposited for 90 days (in-branch only, turns out to a 6% APY return)
• $200 savings bonus with $15,000 deposited for 90 days (same as the offer posted here, just $25 less, no reason to do that one)
• $300 savings bonus with $25,000 deposited for 90 days (works onlin; turns out to a 4.8% APY return)

If you have an extra $10k on hand, you’ll earn the equivalent of a 3% APY rate on the extra $10k by doing the $300/$25k offer instead of doing the $225/$15k offer – up to you if it’s worth it. You can also do a $300 checking offer as well if you’re interested.

We’ll add this best savings bonuses, alongside the above-mentioned $300 savings offer.

Hat tip to jenncheer on r/churning

Useful posts regarding bank bonuses:

• A Beginners Guide To Bank Account Bonuses
• Bank Account Quick Reference Table (Spreadsheet) (very useful for sorting bonuses by different parameters)
• PSA: Don’t Call The Bank
• Introduction To ChexSystems
• Banks & Credit Unions That Are ChexSystems Inquiry Sensitive
• What Banks & Credit Unions Do/Don’t Pull ChexSystems?
• How To Use Our Direct Deposit Page For Bank Bonuses Page
• Common Bank Bonus Misconceptions + Why You Should Give Them A Go
• How Many Bank Accounts Can I Safely Open Within A Year For Bank Bonus Purposes?
• Affiliate Links & Bank Bonuses – We Won’t Be Using Them
• Complete List Of Ways To Close Bank Accounts At Each Bank
• Banks That Allow/Don’t Allow Out Of State Checking Applications
• Bank Bonus Posting Times