Sign-up bonuses on high-yield savings accounts pay cash upfront after you deposit and hold a qualifying balance for a set period.
The ongoing interest rate, minimums, and fees often matter more than the one-time bonus when choosing an account.
At the national average savings rate, $40,000 earns about $150 a year. In one of today’s top-rated high-yield accounts, the same balance earns $1,200 or more. See the current best rates, side by side.
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A high yield savings account with bonus offer pays cash for opening and funding, usually after a qualifying deposit held for a set window.
Compare the one time payout against the ongoing rate, minimums, and fees before chasing the headline number.
See current promotions below.
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Austin Smith is a financial publisher with over two decades of experience as an investor, analyst, and advisor. He covers stocks, ETFs, Artificial intelligence and personal finance for 24/7 Wall St. Previously, he spent over a decade at The Motley Fool as a senior editor for Fool.com, portfolio advisor for Millionacres, and launched The Ascent to help reader take control of their personal finances.
His work has been featured on Fool.com, NPR, CNBC, USA Today, Yahoo Finance, MSN, AOL, Marketwatch, and many other publications. He is as an advisor to private companies, and co-hosts The AI Investor Podcast with Eric Bleeker.
When not looking for investment opportunities, he can be found skiing, running, or playing soccer with his children. Learn more about Austin's investment approach here.
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