Update 10/10/24: Offer is only available to existing Ameriprise clients as of September 30, 2024
Offer at a glance
- Maximum bonus amount: $350
- Availability: Nationwide
- Deposit: $35,000
- APY: 3.25% APY
- Hard/soft pull: Unknown
- ChexSystems: Unknown
- Credit card funding: Unknown
- Monthly fees: None
- Early account termination fee:
- Household limit:
- Expiration date: 12/31/24
The Offer
- Ameriprise Financial is offering a $350 bonus when you open Ameriprise Bank Savings Account and complete the following requirements:
- Deposit a total of $35,000 or more in new money into your new or existing Ameriprise Bank Savings Account by December 31, 2024.
- $25,000 must be maintained in the account through March 31, 2025
The Fine Print
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To receive the $350 bonus (“Bonus Offer”), you must:
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1) Deposit $35,000 or more in New Money (“Required Amount”) into your Ameriprise Bank Savings Account (“Account”) by December 31, 2024.
- “New Money” is money that is deposited into the Account directly from external accounts outside of Ameriprise Bank, FSB and its affiliates. Deposits made by internal transfers from any other Ameriprise accounts are not eligible for the Bonus Offer; AND
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2) Through March 31, 2025, maintain a daily balance equal to or greater than your September 30, 2024 beginning balance plus $35,000 qualifying New Money. Withdrawals from the Account may affect your ability to earn the Bonus Offer.
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Offer is only available to existing Ameriprise clients as of September 30, 2024 who have not received a savings bonus in the past 18 months.
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You may make multiple deposits within the Offer Period to reach the Required Amount. To remain eligible, your Account must be open and in good standing at the time the bonus is credited to your Account. Limit of one bonus per customer. A customer who is an owner of an individual Account and/or a primary owner of multiple joint Accounts will be limited to one bonus. If all Bonus Offer requirements are met, the appropriate bonus amount will be credited to the Account by June 30, 2025.
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A $100 minimum deposit is required to open a new Account. The bonus will be reported as interest on IRS form 1099-INT and the recipient is responsible for any applicable taxes. Please consult your tax advisor; neither Ameriprise Bank, FSB nor its employees provide tax advice.
- All bank account bonuses are treated as income/interest and as such you have to pay taxes on them
Our Verdict
Earlier this year they had a $500 bonus but that only required depositing $25k, but the balance had to be maintained from August 30, 2024 to February 28, 2025 (182 days). This bonus is December 31, 2024 through March 31, 2025 (90 days) so this is actually a better bonus. This bonus works out to be an additional 4% annualized for a total of 7.25% APY (3.25% base + 4% from this bonus) so that is competitive if you want to tie money up for a few months. We will add this to our best bank bonuses.
Hat tip to ShawntheShawn
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
I used to have an Ameriprise brokerage account years ago. Profile still existed when I logged in so even though I don’t have any open accounts, I should be an existing customer. I opened the bank account and will report back if I receive the bonus.
Instead of just the added note, wouldn’t making the title “(Existing customers only)” be better?
It also got added to the “best list” without any such note.
Sure, I can add those.
Do I need to unfreeze Chex and credit reports?
Ameriprise has run three Savings promotions so far:
1st promotion: available to new or existing Ameriprise Bank Savings Account.
2nd promotion: available to new or existing Ameriprise Bank Savings Account. Offers are only available to existing Ameriprise clients as of June 30, 2024 who have not received a savings bonus in the past 18 months.
3rd promotion (this one): available to new or existing Ameriprise Bank Savings Account. Offer is only available to existing Ameriprise clients as of September 30, 2024 who have not received a savings bonus in the past 18 months.
If you are not an Ameriprise customer, it makes sense to become one now (if nothing has changed: https://www.doctorofcredit.com/ameriprise-financial-200-500-savings-bonus/#comment-1873291), so that you will most likely be eligible for their future Savings promotions.
wish i’d thought to do that over the summer! fingers crossed for next time
fine print says “Offer is only available to existing Ameriprise clients as of September 30, 2024 who have not received a savings bonus in the past 18 months.” so likely rules out new customers 🙁
🙁
does it for sure rule out new customers?
i think so. you would have to have already been a client by 9/30/24 for the promotion that started 10/1/24.
So did anyone get clarity from Ameriprise?
Eric 🔗 
ShawntheShawn👈🏾 …Shawn is the one that brought this to our attention and seems he stated that indeed available to “new” customers… 
Jbr JBR, so Ameriprise said no for new customers?
It seems that you misunderstood the comment from
ShawntheShawn👈🏾. I read his comment as suggesting that people should sign up for an Ameriprise account now so that they are possibly eligible for the next bonus.
I believe that he was confirming that my interpretation of the terms is correct, without saying that. I am pretty sure that he will chime in if I am wrong. Hopefully, he will also chime in if I am right.
See my reply to
anthonyjh21 explaining it.
https://www.doctorofcredit.com/ameriprise-financial-350-savings-bonus/#comment-1929906
The two commenters above me are indeed reading the new terms correctly. I confirmed this with an Ameriprise banking agent today over the phone.
can someone please do the real deal math, looks like this work out to approx $240 bonus if you compare to keeping $35,000 in a 4.5% apy savings account…assuming you move the 35k in around December 27-31st
$220 assuming the base rates remain 3.5% and 4.5%.
Which is a big assumption. The higher rate seems likely to drop more but who knows?
What are you talking about?
After doing the math, keeping 35k for 90 days earns 289$ at 3.5% and including 350 bonus would total apy 7.3%
The money moved into this offer wasn’t previously being stored in a 0% mattress.
Oh yes it was!
This tool is great for that
https://cashbackcow.io/calculators/effective-apy-calculator/
290 for 90 days holding 35k at 3.35% apy
350 bonus
640 total after 90 days
Comes out to 7% apy
Jonny’s alternative is 4.5%. Yours is 0%.
Apples to oranges.
Ameripriee has no 3.5%?
glad they allow EXISTING customers to do this. However, since most of us did the previous 500.00 bonus, we are excluded as we fall in the 18-month window. Great for new folks. My bonus of 500.00 for myself and P2 were paid in Jan 2024.
Looks like it’s for existing customers as of September 30th, 2024.
Your comment just saved me from having to ask my standard 10+ questions per new offer since I am not an Ameriprise client. 😀
I interpret this as both new and existing members are eligible.
It states a “new or existing Ameriprise Bank Savings Account” will qualify.
Similar to past Ally 1% match bonuses or the recent First Tech CU $300 bonus (for existing members), you can’t have had any savings bonus in the last 18 months AND the required balance will be 9/30/24 balance PLUS the $35k.
So if you’re an existing member w/o any bonus in the last 18 months then you’re eligible as long as you deposit $35k + 9/40/24 balance by 12/31/24 and hold through 3/31/25.
If you’re a new member you have to open and fund $35k by 12/31/24 and hold through 3/31/25.
I noticed that also.
However, in the passage that
Wayne highlighted, it shows “Offer is only available to existing Ameriprise clients as of September 30, 2024″.
The passage that you highlighted shows “new or existing Ameriprise Bank Savings Account”.
That is a subtle but very important difference meaning that new clients are not eligible.
Hmm, I think you’re right.
Would be too much work to include in T&C “New clients are not eligible.” 😵💫
I might try to reach out to support tomorrow to get clarification, but then again they’re oftentimes just as confused as we are.
Why would they put that clause in when they can just deny bonuses for all of the DoC readers that blindly signed up as new clients without reading the terms and/or comments? 😁
I’m going to pass on investing time/funds into this deal, have it allocated elsewhere now.
@anthonyjh21 Is the First Tech CU $300 that you are referring to the standard checking offer or did they have a savings offer? I couldn’t find anything online about an existing members bonus.
It seems that he conflated 2 things. He probably meant “Savings” for Ally and then incorrectly noted it for both Ally & FT. I haven’t seen any FT Savings offer.
Also, you didn’t tag
anthonyjh21 properly so I tagged him for you. 😉
How do I tag someone? Like a month ago it wasn’t working for me anymore.
And yeah I was just citing the two bonuses as examples of how existing and new members are both eligible for a promotion. 🙂👍
There are 2 different ways to tag people on DoC. They are described below.
#1. You can enter “@ guest 1930452” (without the spaces). I pulled that # from the last comment that I made. That will tag me. However, the issue with this way is that most of the time (at least in my experience), the tag does not work properly due to a flawed comment system and will show up as “@ guest 1930452″ (without the spaces” instead of “Eric”). The way around this is to then edit the comment and press “Post Comment”. “Eric” will then appear. The issue with this is that I will not receive an email so the tag will be mostly wasted.
#2. You type in “@ Eric” (without the space) and then click on my name and a guest # will appear. Tagging people like me this way is easy because I have a gravatar. Yesterday, I tagged 3 different “SG” names in the HY post because I didn’t know which one of them that I was replying to as none of them used gravatars.
If you do #2 correctly, it should appear like this:
Eric 🔗
Any questions?
I was citing those two offers as examples of how both existing and new users can take advantage of a bonus.
The First Tech CU is the checking account correct.
Fixed, thanks