Top bank account incentives available in May 2025
ya know, if you're seeking a new checking or online savings account, you might find some fresh financial incentives to grab your attention. Some banks are offering quite the bonuses - as high as a whopping $3,000 for a checking account bonus or a savings account bonus!
It's worth comparing these bank account bonus offers to find the best deal tailored to your needs and also check out other perks, such as bonuses for opening a brokerage account. Just remember, each bank has its own rules regarding who can earn a bonus, so be sure to check the bank's website to see if you qualify.
Let's take a peek at the top checking account bonuses available:
- Chase (Private Client): $3,000 bonus
- Huntington National Bank: Up to $600 bonus
- PNC Bank: Up to $400 bonus
- Bank of America: $300 bonus
- KeyBank: $300 bonus
- Wells Fargo: $300 bonus
- SoFi: up to $300 bonus
- Chase Bank (Total Checking): $300 bonus
- Chase Bank (College/Secure Checking): $100 bonus
- TD Bank: Up to $300 bonus
- Capital One: $250 bonus
- M&T Bank: Up to $200 bonus
- KeyBank: $100 annual bonus
And here are the top savings account/money market account bonuses:
- CIT Bank: Up to $300 bonus
- TD Bank: $200 bonus
- Alliant Credit Union: $100 bonus after a year
- BMO: Up to $60 bonus during the first year
For businesses, here are the top business bank account bonuses:
- Huntington National Bank: up to $1,000 bonus
- PNC Bank: Up to $1,000 bonus
- Axos Bank: Up to $400 bonus
Now, let's delve a bit deeper into the juicy details:
Chase Bank (Private Client)
You can score up to $3,000 for opening a Chase Private Client Checking account or upgrading to it from another Chase checking account. The breakdown is as follows - deposit between $150,000 and $249,999 to earn $1,000, between $250,000 and $499,999 for $2,000, and over $500,000 for $3,000. Remember, you'll need to keep your funds deposited for 90 days to qualify.
Huntington National Bank
Huntington Bank is offering two personal checking account bonuses - $400 for opening the Perks Checking Account, or $600 for opening the Platinum Perks Checking account. You'll need to earn $400 when you open a Perks checking account, receive at least $500 worth of qualifying direct deposit within 90 days, and maintain the account for at least 90 days. Or, earn $600 by opening a Platinum Perks Checking account, depositing at least $25,000 in new-to-Huntington funds, and keeping the account open for at least 90 days.
These bonuses are valid only for residents of Colorado, Illinois, Indiana, Kentucky, Michigan, Minnesota, Ohio, Pennsylvania, West Virginia, and Wisconsin.
PNC Bank
You can earn either a $100, $200, or $400 bonus with a new Virtual Wallet account, depending on the tier of account you choose. Each account comes with different features and fees. To get the $400 bonus, open a Virtual Wallet with Performance Select and receive qualifying direct deposits of $5,000 or more. Note that these bonuses aren't available in all locations, so be sure to check the PNC website to see what accounts and bonuses are available in your area before making a move.
Many of these accounts come with fees, but they are often waivable. It's also good to keep in mind that these bonuses serve as a cherry on top compared to the interest you'd earn in a high-yield savings account, like with $150,000 in a high-yield account earning 4% APY, you'd earn over $1,900 in interest in just 4 months, compared to the $1,000 bonus you'd get here after keeping your money deposited for about that long.
Remember, these are the top promotions as of 2025, so historical data for 2023 would be required to find offers from that year. Always verify terms directly with the bank to make sure you're up-to-date with the latest info. Happy banking!
- In the banking and finance industry, PNC Bank offers up to $400 as a bonus for opening a new Virtual Wallet account.
- Banks such as Chase and Huntington National offer significant bonuses on checking and savings accounts, with amounts up to $3,000 and $600 respectively.
- When seeking new banking options, industry players like Capital One, M&T Bank, and SoFi also have attractive bonuses, providing $250, $200, and up to $300 respectively.
- For businesses, Huntington National Bank and PNC Bank offer up to $1,000 in bonuses for opening business bank accounts.
- Keep in mind that industry-leading high-yield savings accounts may offer higher returns on your savings compared to bank account bonuses, providing opportunities for substantial earnings over time.
