Bank Promotions: Hot Deals for April 2021

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Many banks offer sign-up bonuses when you open a new account. Find out which banks are offering the heftiest cash bonuses here.

Right now, new customers can get up to $300 bucks for opening a new savings or checking account.

To snag the bonus, you may need to keep the account open for a number of weeks or set up direct deposit. Some bank promotions are easier to qualify for than others (more on that below).

Read this review to compare the best deals for checking/savings and money market accounts, certificates of deposits and even business checking accounts.

Compare Checking Accounts

Online-only banks don't have the expensive overhead that brick-and-mortar banks do. That's why they're able to pass along their savings to customers with higher interest rates and less fees. Plus, they're safe and FDIC-insured just like "big banks."

But the major downside is that they have no physical locations, so you need to do all of your banking on the web or mobile apps.

If you prefer in-person transactions, stick with physical branches. Otherwise, online banks are your best bet for maximizing earnings.

Axos Bank
Member FDIC

Rewards Checking - Up to 1.25% APY

  • Up to 1.25% APY
  • No minimum balance requirements
  • No fees to open or maintain account
  • Overdraft Protection
  • Minimum Deposit Required: $50
CIT Bank
Member FDIC

CIT Bank Savings Connect - 0.50% APY

  • Earn a competitive high yield savings rate with access and convenience features of an eChecking account.
  • Earn up to 0.50% APY on Savings Connect and 0.25% APY on eChecking.
  • Savings Connect is a tiered interest rate account dependent on the account holder opening a linked qualifying eChecking concurrently and makes periodic qualifying deposits.
    • Base Tier: (0.42% APY, 0.399% Interest Rate) A minimum qualifying deposit of $200 is not deposited each month into the linked eChecking or the eChecking account is closed.
    • Upper Tier: (0.50% APY, 0.499% Interest Rate) A qualifying deposit of $200 or more is deposited into the linked eChecking account each month.
    • APY assumes a qualifying deposit of $200 or more is made to the linked eChecking account each month.
  • Minimum of $100 for both the Savings Connect and eChecking to open ($200 total).
  • Direct Deposit Required: Yes
  • Minimum Deposit Required: $200
HSBC
Member FDIC

HSBC Premier Checking - $450 Welcome Deposit

Expires 6/30/2021
  • Get a $450 Welcome Deposit for eligible new customers who open a new HSBC Premier checking account and complete the following qualifying activities.
  • Open your new HSBC Premier checking account online by June 30, 2021; and
  • Make recurring monthly Qualifying Direct Deposits totaling at least $5,000 from a third party to your HSBC Premier checking account(s) for 3 consecutive calendar months from the second full calendar month after account opening.
  • You will automatically receive the $450 Welcome Deposit in your new HSBC Premier checking account approximately eight weeks after completing all qualifying activities. It's that simple.
  • Deposit products are offered in the U.S. by HSBC Bank USA, N.A. Member FDIC.
  • Direct Deposit Required: Yes
  • Minimum Deposit Required: $5,000/Month for 3 Months
Discover Bank
Member FDIC

Online Checking Account - Earn Cash Back

  • 1% cash back on up to $3,000 in debit card purchases each month
  • No fees
  • Access to over 60,000 no-fee ATMs in the U.S.
  • Minimum Deposit Required: $0
Chime

Free Mobile Checking

  • $0 opening deposit
  • No monthly service fee
  • No balance requirements
  • 38,000+ fee-free ATMs
  • Get direct deposit 2 days early
  • No foreign transaction fees
  • Minimum Deposit Required: $0
TD Bank
Member FDIC

TD Beyond Checking - $300 Cash Bonus

  • New customers who apply online for a TD Beyond Checking account can earn a $300 cash bonus after receiving direct deposits of $2,500 or more within 60 days. To qualify for this offer, you must be a U.S. resident and apply for the offer online. Offer is available in these states: CT, DC, DE, FL, MD, ME, MA, NC, NH, NJ, NY, PA, RI, SC, VT, VA
  • Earn $300 when you receive direct deposits totaling $2,500 or more within 60 days
  • Get more from your checking account. With TD Beyond Checking with Payback Plus, you'll earn interest and get reimbursed for non-TD ATM transactions, Rush Bill Payments and more.
  • Monthly maintenance fee waived when you receive monthly direct deposits of $5,000 or more, or maintain a minimum daily balance of $2,500, or a combined balance of $25,000 across eligible TD accounts.
  • TD fees waived at any ATM and non-TD fees reimbursed when you keep at least a $2,500 daily balance
  • Overdraft Payback - Get overdraft fees automatically reversed up to two times a year.
  • Get your money where it needs to go —fast— with Rush Bill Payments, Send Money with Zelle®, incoming wires and a reimbursement for one outgoing wire (domestic or international) per statement cycle.
  • TD checking accounts come with an instant-issue debit card. And, you can pay with confidence with Zero Liability protection and 24/7 fraud monitoring.
  • Monthly maintenance fee waived on one TD Simple CheckingSM account and any Savings and Money Market accounts. Plus, get free standard check orders, money orders, official bank checks and stop payments.
  • Direct Deposit Required: Yes
  • Minimum Deposit Required: $2,500 within 60 days

If you want the convenience of local branches, go with a big national bank such as Chase. Otherwise, consider an online bank such as Axos Bank to get a high interest rate.

Compare Savings Accounts

What's the average savings interest rate? Not much if your money's sitting in a traditional bank. Compared to regular banks, online savings accounts yield much higher interest rates.

The average savings account interest rate is 0.09% but online banks can provide much more.

Take a peek at the top savings account promotions for both online and physical banks below.

CIT Bank
Member FDIC

CIT Savings Builder - Earn 0.40% APY

Earn up to 0.40% APY. Here's how it works: Maintain a minimum balance of $25k OR make at least a $100 minimum deposit every month. Member FDIC

  • Minimum Deposit Required: $100
Discover Bank
Member FDIC

Online Savings Account - Earn 0.40% APY

  • No fees
  • No minimum opening deposit
  • No minimum balance required
  • Minimum Deposit Required: $0
Axos Bank
Member FDIC

High Yield Savings - 0.61% APY

  • 0.61% APY on all balance tiers
  • No minimum balance requirements
  • No fees to open or maintain account
  • Free ATM card upon request
  • FDIC Insured
  • Minimum Deposit Required: $250
Betterment

Betterment Cash Reserve - Earn up to 0.30% APY

  • FDIC insurance covering up to $1,000,000 at program banks
  • Access cash in 1-2 business days
  • No minimum balance
  • No fees on balance
  • Unlimited withdrawals
  • Minimum Deposit Required: $10
BBVA

Free Checking and Savings - $250 Bonus

Expires in 6 days
  • You could get a $200 bonus by opening a Free Checking account and receive at least one (1) qualifying Direct Deposit of at least $500 by June 30, 2021.
  • Increase your bonus to $250 by adding a BBVA Savings account and having a savings balance of at least $1000 on June 30, 2021.
  • (Offer only available in TX, AL, AZ, CO, CA, FL, NM)
  • Member FDIC.
Ponce Bank
Member FDIC

Related: Best high interest savings accounts to grow your money.

Compare Money Market Accounts

Money market accounts offer some of the highest APYs available. And as a cross between a checking and high-yield savings account, they're a risk-free way to boost your savings. In exchange for a better interest rate, you must maintain a higher balance.

Major perks of money market accounts include:

  • Higher interest rates
  • No maturity dates or early withdrawal penalties
  • FDIC-insured up to $250,000

Money market accounts are awesome for building an emergency fund and short-term money goals.

CIT Bank
Member FDIC

CIT Bank Money Market Account - 0.45% APY

  • 0.45% APY
  • $100 minimum opening deposit
  • No monthly maintenance fee
  • FDIC insured
  • Minimum Deposit Required: $100
Axos Bank
Member FDIC

High Yield Money Market - 0.60% APY

  • 0.60% APY on all balance tiers
  • No minimum balance requirements
  • No fees to open or maintain account
  • Free Visa debit card
  • Free online bill pay, free limited checks, and free limited online check images
  • FDIC Insured
  • Minimum Deposit Required: $1,000

Compare CD Rates

CD accounts are best for short-term savings goals. You can save up for a vacation or new car without being tempted to dip into your funds early.

They pay higher interest rates than traditional savings accounts. But your money's tied up for a period of time. You can choose a term as short as three months or as long as five years. The longer the term, the bigger the returns. And the best CD rates are usually at online banks.

Note, if you decide to withdraw money sooner, you'll be penalized a few months' worth of interest.

CIT Bank
Member FDIC

CIT Bank Term CDs

  • Up to 0.50% APY
  • $1,000 minimum opening deposit
  • No monthly maintenance fee
  • FDIC insured
TermCD Rates
6 Month0.30% APY
1 Year0.30% APY
13 Month0.30% APY
18 Month0.30% APY
2 Year0.40% APY
3 Year0.40% APY
4 Year0.50% APY
5 Year0.50% APY
  • Minimum Deposit Required: $1,000
Continental Bank

High Yield CD - Earn up to 0.70%

  • 0.70% APY for 45-month term
  • 0.45% APY for 6-month term
  • Minimum Deposit to Open: $1

Next up, take a look at business checking promotions. They don't come around nearly as often as personal checking bonuses. If you run a small business, take advantage of these limited time offers.

Compare Business Checking Accounts

It's crucial to separate your personal and business finances for legal, tax and organizational purposes. But finding the right business bank account isn't easy.

Small business owners should look for low fees/minimum balance and a personal, customer relationship. Some banks are also offering generous welcome bonuses for dedicated business bank accounts.

If you need more details on how to choose a business bank account, check out this in-depth guide.

Chase
Member FDIC

Introducing Chase Business Complete Banking℠ - $300 Bonus

Expires 7/23/2021
  • Earn $300 when you open a new Chase Business Complete Checking account. For new Chase business checking customers with qualifying activities.
  • More ways to waive fees. Multiple options to waive the Monthly Service Fee, including maintaining a minimum daily balance or purchases on your Chase Ink® Business credit card
  • Convenient access to payment processing. Accept card payments anytime, anywhere in the U.S., and get transparent pricing with Chase QuickAccept℠.
  • Same-day deposits with QuickAccept℠. Free up the cash you need to keep your business moving forward with same-day deposits at no additional cost.
  • Alerts to help you stay on top of your account activity.
  • Easy account management through Chase Business online and the Chase Mobile® app.
  • Unlimited electronic deposits, ACH and Chase Quick Deposit℠.
  • Convenient access to 16,000 ATMs and more than 4,700 branches.
  • Minimum Deposit to Open: None
  • Direct Deposit Required: No
  • Minimum Deposit Required: $2,000 within 30 business days
Axos Bank
Member FDIC

Basic Business Checking Account - $100 Bonus

Expires 6/30/2021

Use promo code EARN100 on your application. Restrictions apply.

  • Direct Deposit Required: No
  • Minimum Deposit Required: $1,000

Bottom Line

Seriously, everyone could use some extra cash. And that bonus money is a great way to kickstart your shiny new bank account.

Bank promotions are constantly updated throughout the year - so be sure to bookmark this page. You can compare these offers with other popular bank bonuses.

Note: This website is made possible through financial relationships with some of the products and services mentioned on this site. We may receive compensation if you shop through links in our content. You do not have to use our links, but you help support CreditDonkey if you do.

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CreditDonkey is a bank comparison website. We publish data-driven analysis to help you save money & make savvy decisions.

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