Author Topic: Chase promotional offers  (Read 1799 times)

Jags4186

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Chase promotional offers
« on: December 13, 2014, 12:31:25 PM »
I received in the mail one of those open a chase checking and chase savings account and receive a cash bonus coupons.

$300 for opening a checking account with direct deposit
$150 for opening a savings account and depositing $10,000 for minimum of 90 days.

The $300 is a no brainier--in fact I went today to open the account (and kindly declined to buy whole life insurance or become a Chase Private Client)

But the $150 is more difficult to decide. A guaranteed 6% APY, vs buying 10k of VTSAX.  I just received my year end bonus so I have just enough cash to throw it in there...

WWYD?
« Last Edit: December 13, 2014, 12:33:50 PM by Jags4186 »

geekette

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Re: Chase promotional offers
« Reply #1 on: December 13, 2014, 12:39:54 PM »
It's a good (short term) rate for an emergency fund, if nothing else. 

markstache

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Re: Chase promotional offers
« Reply #2 on: December 13, 2014, 01:54:23 PM »
I signed up for $100 savings provided I had a ETF every month. A couple of months I forgot, so Chase clawed some of it back in fees. Don't be like me. Either don't do it, or be more attentive.

Catbert

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Re: Chase promotional offers
« Reply #3 on: December 13, 2014, 03:19:54 PM »
If you read the fine print: you get the $150 after 90 days but you have to keep the account open and 10k in there for 6 months.  If you close out before 6 months you lose the $150.

mrgrump

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Re: Chase promotional offers
« Reply #4 on: December 14, 2014, 07:21:18 PM »
Good work jags. I took part of the same checking account offer last week.  I declined the savings account....hardly seemed like a good deal after the checking account.