Tag Archives: Bank Accounts

How Much Money Did I Make from Bank Account Bonuses in 2021?

Good afternoon everyone, I hope you had a great weekend.  Doctor of Credit has a Best Bank Account Bonuses page that he keeps up to date with the best offers each month.  In that master post, he links to individual bank account bonuses with helpful information regarding the bonus details, how to avoid monthly fees, when to close the account, how often you can open a new account, and much more.  For the last 7 years, I have been opening new checking accounts, savings accounts, brokerage accounts, and cash management accounts for the new member bonuses.  Tt the end of each year, I share my results on the blog.  Over the last 7 years, I have made $15,850 in bank account bonuses.  You will receive 1099-INT tax forms every year, so you have to pay taxes on the bank account bonuses, but sometimes you can fund the opening deposit with a credit card and earn miles, points, or cash back.  If you are lucky, you can meet a minimum spending requirement by funding a new checking account or reach a high spending target to earn more rewards.  Here are my results from the last 7 years with links to corresponding blog post summaries:

Drum roll please… Here are the 13 new accounts I opened in 2021:

Continue reading

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

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.

Continue reading