Offer Details
Written by: RJ
Requirements
- Open a new checking account – $200
- Direct deposit $250 for two months within 90 days of opening
- Activate debit card
- Open a new savings account – $200
- Deposit $15k within 20 days of opening
- Maintain balance for 90 days from opening
- Open checking + savings together and complete above – $100
- Bonuses post 30 days after completion
Eligibility
- AZ, CO, OK
- Can’t currently be a customer
- One per household
Fees
- Freestyle checking is fee free
- Traditional savings is fee free with $200 balance
Account Closure
- Keep accounts open 90 days
Chex
- Not sure
Valid through: No date listed
First reported by DoC
Thoughts
Looking at the total payout for both, I’d say it’s worth considering.
Their application is a bit weird more on how you can select the services (statements, etc…) during the app. When you think you are done with the app, they gave a section asking for a signature card which you do not provide as it gets handled later. They came back a few houses later asking for a passport or SS card and a utility bill for proof of address.
For the combined deal, getting around 11.5% effective APY, having a 15 day cushion beyond the 90 days if that makes sense. https://cashbackcow.io/calculators/effective-apy-calculator/?invest=15000&sub=500&daysreq=90&daysbuf=15&fees=0&interest=0