Author Topic: Ultra fast savings account bonuses  (Read 1273 times)

Pizzabrewer

  • Bristles
  • ***
  • Posts: 479
Ultra fast savings account bonuses
« on: August 11, 2018, 12:33:01 PM »
The past 7 weeks or so I've been keeping $15k in cash quite busy cycling between several new savings accounts. So far I've earned bonuses as follows:

$150 (paid) Discover savings
$150 (paid) Discover savings spouse account
$200 (paid) Capital One 360 money market
$200 (pending) Capital One 360 spouse account.

These have all been paid out in under 2 weeks from account opening.

The next bonus I'm looking at is Chase savings $225 but that would tie the money up for 90 days at .01% interest. I may yet do this but I'd prefer to cycle the money thru some other quick payouts.

Does anyone know of any other accounts that pay out quickly? 
« Last Edit: August 11, 2018, 12:44:28 PM by Pizzabrewer »

katsiki

  • Handlebar Stache
  • *****
  • Posts: 1234
  • Age: 38
  • Location: La.
Re: Ultra fast savings account bonuses
« Reply #1 on: August 11, 2018, 12:48:26 PM »
Awesome job!  The only quick ones I know of Capital One.  Be on the lookout for other offers from them.  I think I have done 2-3 offers between spouse and I over the past 2-3 years.

Pizzabrewer

  • Bristles
  • ***
  • Posts: 479
Re: Ultra fast savings account bonuses
« Reply #2 on: August 12, 2018, 09:23:00 AM »
I just found a local bank offering a rewards checking account paying APY of 4%. $15k max and a few easily-cleared hoops to jump thru. Perfect for my scenario. That $15k will earn $50 per month which will be close to the Chase bonus in the timeframe. Plus the money is available to deploy if another good quick bonus pops up.

Rubic

  • Handlebar Stache
  • *****
  • Posts: 1054
Re: Ultra fast savings account bonuses
« Reply #3 on: August 12, 2018, 10:36:31 AM »
Be careful not to hit the bank bonuses too hard, too quickly, or
you could get tripped up by Chex.

I generally hit no more than 4 per year, but YMMV.

kpd905

  • Handlebar Stache
  • *****
  • Posts: 1615
Re: Ultra fast savings account bonuses
« Reply #4 on: August 12, 2018, 11:24:35 AM »
Be careful not to hit the bank bonuses too hard, too quickly, or
you could get tripped up by Chex.

I generally hit no more than 4 per year, but YMMV.

I wouldn't worry about that.  I have signed up for 20 accounts in the last 12 months and have only gotten denied once due to Chexsystems (Elements Financial).

Pizzabrewer

  • Bristles
  • ***
  • Posts: 479
Re: Ultra fast savings account bonuses
« Reply #5 on: August 12, 2018, 12:06:03 PM »
Kpd, wow you are racking up the bonus cash!

Any reason you've not gone after the Citizens Bank $400 checking bonus?

kpd905

  • Handlebar Stache
  • *****
  • Posts: 1615
Re: Ultra fast savings account bonuses
« Reply #6 on: August 12, 2018, 04:52:53 PM »
Kpd, wow you are racking up the bonus cash!

Any reason you've not gone after the Citizens Bank $400 checking bonus?

I am not in an eligible state for the Citizens Bank bonus, even though there is a Citizens Bank a few miles away from my house.

L2

  • 5 O'Clock Shadow
  • *
  • Posts: 89
  • Age: 27
  • Location: Ohio
Re: Ultra fast savings account bonuses
« Reply #7 on: August 12, 2018, 05:00:04 PM »
I just signed up for the Citizen's $400 bonus myself. Without looking it up, I believe the terms was payout will happen 90 days after direct deposit. Anyone know it they pay it out fairly quick or am I going to have to wait close to 90 days? They have a $25 monthly fee that I'm hoping to avoid as much as possible.

BrightFIRE

  • Stubble
  • **
  • Posts: 129
  • Location: Philadelphia
Re: Ultra fast savings account bonuses
« Reply #8 on: August 14, 2018, 12:46:29 PM »
I just signed up for the Citizen's $400 bonus myself. Without looking it up, I believe the terms was payout will happen 90 days after direct deposit. Anyone know it they pay it out fairly quick or am I going to have to wait close to 90 days? They have a $25 monthly fee that I'm hoping to avoid as much as possible.

Check out the comments here: https://www.doctorofcredit.com/ct-de-ma-mi-nh-nj-ny-oh-pa-ri-vt-citizens-bank-400-checking-bonus/