Signing up for a new savings account has its advantages. One of the big ones is a sign-up bonus. Here is everything you need to know about  the best sign-up bonuses available beginning January 2020.

Why Do Banks Give Sign-Up Bonuses

Banks of course do this to bring in customers! That is the obvious. It helps banks earn new customers. Some banks offer more than just one sign up bonus to allure customers.

What To Look Out For

All bank account bonus’s are not great deals. Make sure you read all of the paperwork and even the fine print before you sign up. Things to watch out for are high minimum balance requirements and monthly fees. There are lot of sign-up bonuses available so if one does not work out, you can easily find another.

If you need a checking account. Make sure you find one that meets your requirements. If you need access to lots of ATM machines, make sure that they have a lot in your area.

Below are some of the best bank account bonuses that are available in January.

Best Savings And Money Market Account Bonuses

  • Discover Bank: $150 or $200 bonus
  • Chase Bank: $150 bonus

Best Checking Account Bonuses

  • SunTrust Bank: $300 bonus
  • TD Bank: $150 or $300 bonus
  • Chase Bank: $200, $300 or $1,000 bonus
  • Huntington National Bank: $200 bonus

Best Checking And Savings Bonuses

  • HSBC Bank: $350 or $700 bonus
  • U.S. Bank: $200 or $400 bonus

Best Savings And Money Market Account Bonuses

  • Discover Bank: If you start a Discover online savings account by January 6, you can make up to $200. New savings customers who meet specific requirements can qualify for one of these bonuses:
    • $150 bonus for depositing $15,000.
    • $200 bonus for depositing $25,000.
  • Chase Bank: You can earn $150 for depositing $10,000 within 20 business days into a new Chase savings account and maintaining that balance for 90 days. By fulfilling the requirements and checking bonuses, you may make a total of $350.This deal expires Jan. 21.

Greatest Checking Account Offers

  • SunTrust Bank: Open a SunTrust Advantage checking account by Jan. 2 and you can get $300. You can earn this by having direct deposits of $3,000 made per statement cycle for two successive cycles (within the first 3 months of opening the account).
  • TD customers:  Can earn a $300 a few ways
    • Opening a Beyond Checking account online.
    • New to the TD personal checking account banking world.
    • Have a minimum of $2,500 worth of direct deposit funds within 60 days of opening your account.
  • Chase Bank: 
    • You can earn $300 when opening a Premier Plus checking account.
    • Or make $200 by opening a checking account.

 This deal expires January 21. You can earn these bonuses if:

    • You do not have an existing chase checking account
    • Have a direct deposit made within 90 days of opening the account.
  • Huntington National Bank: You can make $200 by opening a Huntington 5 checking account. This deal expires January 7. You can earn these bonuses if:
    • You are a new Huntington checking customer.
    • Deposit $1,000 within 60 days of opening your account
    • Provide the voucher code from the bank’s website.

Greatest Checking And Savings Bonuses

  • HSBC Bank: HSBC has two bonuses available.
    • $350 for opening an HSBC Advance checking account. You have to deposit $5,000 in checking and savings accounts within 30 days of opening it.
    • $750 for opening an HSBC Premier checking account. You will have to deposit $5,000 for three consecutive months from the upcoming full month after opening the account.
  • U.S. Bank: Earn $200 or $400 bonus

    You have to complete these steps to earn $200:

    • Open a new Platinum, Gold or Easy checking account.
    • Have at least two direct deposits totaling $2,000.
    • Create a U.S. online banking account within 60 days of opening your account.

     Clients using the Platinum Card checking account package can make an additional               $200. They have to:

    • Open a new Platinum Select currency exchange savings account or Elite money market account.
    • Deposit at least $10,000 into the account by January 10.
    • Keep $10,000 balance through March 10.


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