The Best New Savings Account Sign-Up Bonuses For 2019

Most people sign up for a new bank account in their early 20's, or after a big life event such as getting married, and never look back - keeping the same checking and savings accounts for the rest of their lives. While this may be comfortable and one less thing for that person to worry about, they are missing out on tons of opportunities for free money! With just a little time and effort, you can take advantage of the heated competition banks constantly engage in for new customers and earn some extra dollars by switching every 6-12 months.

Since most people are loyal to one bank their entire lives, banks are willing to shell out hundreds of dollars just to acquire a new customer. Similar to how job-hopping can often lead to a higher salaries for employees, bank-hopping can lead to hundreds or even thousands of dollars in free money over just a few years. We did the research for you and found these amazing sign-up bonuses you can take advantage of right away!

Top 2019 Savings Account Bonuses

Not all banks offer bonuses just for signing up and making your first deposit. Make sure you shop around and do your research online before committing to anything. Oftentimes online banks such as Ally and Discover will offer the highest sign-up bonuses because they have no brick and mortar building expenses and can afford to pay more for new customers. So always start there when you're trying to see what's available.

Here are a few of the easier sign-up bonuses to acquire for those who have a little bit of extra cash to move around between banks:

Discover Savings ($200)

All savings account sign-up bonuses come with some sort of stipulation - whether it's much you have to deposit or how long you need to have the account for. This particular savings account is one of the heftier deposit requirements, requiring $25,000 as the initial deposit.  If you sign up by the end of February and have $25k to deposit, you will see your $200 within a week, making it quick and easy for someone with some extra cash.

Chase Savings ($150)

Chase offers a nice Savings sign-up bonus without quite the financial commitment that the Discover account requires. If you sign up (in person or online) and deposit $10,000 within the first 20 business days, you'll receive your $150 bonus right in your account. Chase also has other requirements for your account in order to avoid the $5 monthly maintenance fee, such as keeping your daily balance above $300 or keeping a regularly scheduled direct deposit tied to the account. Overall, Chase is one of the easiest banks to take advantage of sign-up bonuses with.

Citibank Checking/Savings Account Package ($500)

Citibank offers one of the highest sign-up bonuses you can find for a savings accounts right now (pro tip: checking account bonuses are often higher than savings, so make sure to take a look at those as well). Citibank is offering $500 for anyone who signs up for their checking/savings account package and meets the financial requirements. In order to earn the first $400, you have open the checking/savings account package and deposit $15,000 within with the first 30 days. If you leave the money in there for 60 days AND complete a direct deposit on one of the accounts in two consecutive months, they will credit your account with an additional $100, for a total of $500 in sign-up bonuses.

As you can see, banks often want to see cash come along with your new account opening, even if it's just for a short time. If you have some extra dollars to move around every 6 months, you can easily make hundreds or even thousands of extra dollars every year. Make sure to read all the fine print when signing up for these bonuses, since banks don't want to give away the money if they don't have to. Now that you know what to do, start shopping around and take advantage today!

_{https://www.nerdwallet.com/blog/banking/nerdwallets-top-online-checking-accounts/, https://www.moneycrashers.com/best-new-bank-account-promotions-offers/, https://www.doctorofcredit.com/best-bank-account-bonuses/}