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Get 0.7% APY + $100 Bonus by Stacking 2 Marcus Savings Account Deals (Expires February 12)

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Updated 12/1/22 at 4pm PT: Marcus is currently offering 3.00% APY and if you sign up with a referral link, like mine (https://www.marcus.com/share/GRA-IT7-LURK), you will get an extra 1.00% APY boost for the first 3 months, bring you to 4.00% APY for the first 3 months.

Good morning everyone, I hope your MLK Jr. Weekend is off to a great start.  In my post How Much Money Did I Make from Bank Account Bonuses in 2020?, I made a measly $800 from bank account bonuses in 2020.  I decided to hit the ground running in 2021 and have opened a few new savings, checking, and brokerage accounts in January (worth around $1,500).  My interest was piqued yesterday when I read Doctor of Credit’s post Marcus $100 Bonus for New & Existing Savings Customers with $10,000 Deposit (.50% APY).

My brother, who is a big fan of bank account bonuses, told me to use his referral link to join Marcus first (I would get a 0.2% APY boost for the first 3 months) and then to enroll in the $100 Marcus savings account bonus which is available for new and existing customers.  By stacking both deals, I will get 0.7% APY and the $100 bonus all at the same time.  As you can see, my Marcus account shows 0.7% APY and has 2 active offers applied.  Continue reading this post for step by step instructions on how to stack both of these deals.

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When I clicked the above Details link, here are the details of these 2 active offers:

$100 Savings Account Bonus

I enrolled in this offer on January 15.  I need to deposit a minimum of $10,000 into the account by January 25 and keep a $10,000 minimum balance until April 24.  I would then receive the $100 bonus by May 8.

0.2% APY Boost Referral Bonus

I used my brother’s referral link on January 15 (before I enrolled in the $100 savings account bonus) and will receive a 0.2% APY boost for 3 months until April 17.

a screenshot of a referral bonus

If you want to replicate my results, you need to sign up for Marcus using a referral link.  If you have a friend or family member who is an existing Marcus customer, ask them for their referral link.  Here is my Marcus referral link (thank you for your support).  Click the Open an Account button to create your Marcus account, but do not fund the account yet.

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After you create your Marcus account, you will receive an email that says “Welcome to Marcus Referred: You’ve earned a Referral Bonus.”

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Next, you will need to enroll in the $100 savings account bonus by February 12.  Click the Enroll Now button, sign into your Marcus account, and complete the enrollment process.

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After you enroll in the $100 savings account bonus, you will receive an email that says “Confirmation: Marcus savings bonus enrollment.”  Click the Deposit Now button to go to your Marcus account.

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After you sign into your Marcus account, click the Make a Transfer link.

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Then fill out the Transfer Funds form to add funds to your Marcus account.  You will need to add/link an external checking or savings account first.

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After you add/link your external bank account and schedule the transfer, you are all set.  You can sit back and wait for the $100 bonus to post, all the while earning 0.7% APY.  If you have any questions about stacking these 2 Marcus deals, please leave a comment below.  Have a great weekend everyone!

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