Deposit Diary Daily #198
Nationally Available Bank Bonuses With No Direct Deposit, 9 December 2024
Competitive Bonuses
While there are several competitive bonuses (checking and savings accounts) available, finding a good bonus without a direct deposit requirement is not that common.
The long-running “no DD” bonuses offered by Capital One, Citi, and Alliant Credit Union continue to be available, without any changes.
Discover and Wells Fargo Bank have brought back their savings account bonuses. While the Discover bonus can be applied for online, the Wells Fargo Bank bonus requires a branch visit. (Note: Wells Fargo Bank has a brick-and-mortar presence in 39 states and the District of Columbia.)
The Barclays Tiered Savings $200 bonus (new as of last month) is still available, as is the new Live Oak Bank limited-time $300 Personal Savings bonus.
Capital One 360 Performance Savings Bonus ($300, $750, $1,500)
$300 bonus requires $20,000-$49,999.99 deposit
$750 bonus requires $50,000-$99,999.99 deposit
$1,500 bonus requires $100,000+ deposit
How to Earn the Bonus:
Open a new 360 Performance Savings account using promo code BONUS1500.
Deposit at least $20k of new money during the 15-day Initial Funding Period.
Maintain the required deposit for 90 days following the 15-day Initial Funding Period.
Bonus will be deposited in your new account within 60 days following the 15-day Initial Funding Period and the subsequent 90 day. Translation: bonus pay-date will be anywhere between 106 days and 166 days following account opening.
Who is Eligible?
If you have or had an open Capital One savings account (excluding CDs) and/or money market account as a primary or secondary holder on or after January 1, 2022, you are not eligible for the bonus.
If your account is in default, suspended, closed, or not in good standing, you will not receive the bonus.
Is the Bonus Worth It?
The Capital One 360 Performance Savings account currently earns 3.80% APY.
Earning $300 in 3 months in a 360 Performance Savings account would require a balance of approximately $32,100.
Earning $750 in 3 months in a 360 Performance Savings account would require a balance of approximately $80,300.
Earning $1,500 in 3 months in a 360 Performance Savings account would require a balance of approximately $160,400.
Citi® Checking Bonus ($500 or $1,500)
$500 bonus requires $30,000 minimum balance
$1,500 bonus requires $200,000 minimum balance
How to Earn the Bonus:
Open a new eligible checking account and enroll in the cash bonus offer the same day. Offer available through January 7, 2025.
Deposit new money in your new checking account within 45 days of account opening. The balance on the 45th day will determine the maximum eligible cash bonus.
Maintain the required minimum balance for an additional 45 days from the 46th day.
The cash bonus will be deposited to your open, eligible checking account within 30 calendar days after you complete all required activities.
Who is Eligible?
Only new Citi checking customers are eligible for this offer.
Is the Bonus Worth It?
Earning $500 in 3 months in a savings account earning 5.50% APY (current highest online bank rate) would require a balance of approximately $37,200.
Earning $1,500 in 3 months in a savings account earning 5.50% APY (current highest online bank rate) would require a balance of approximately $111,400.
Wells Fargo Bank New Savings Customer Bonus
How to Earn the $525 Bonus:
Open a new Way2Save Savings account at a Wells Fargo branch with a minimum opening deposit of $25 by January 7, 2025.
Bring $25,000 or more in new money to your new savings account within 30 days and maintain at least a $25,000 balance for 90 days after account opening. (New money deposited up to 7 calendar days prior to the bonus offer code being applied to the account will count towards the offer qualification requirements.)
We will deposit your bonus into your new savings account within 30 days after you have met all offer requirements.
Who is Eligible?
This offer is for new consumer savings customers only. You must use your bonus offer code at account opening when you apply for a new eligible Wells Fargo savings account.
You are not eligible for this offer if:
You are a current primary account owner of a Wells Fargo consumer savings account.
You have received any other consumer savings offer bonus or promotional rate that required a bonus offer code within the past 12 months.
You are a Wells Fargo employee.
Is the Bonus Worth It?
The Wells Fargo Way2Save® Savings account currently earns 0.01% APY on all balances.
Earning $525 in 3 months in a savings account earning 5.10% APY (current highest online bank rate) would require a balance of approximately $42,000.
Earning $525 in 3 months in a Wells Fargo Way2Save® Savings account would require a balance of approximately $21 million.
Live Oak Bank Personal Savings $300 Cash Bonus
Live Oak Bank is offering a $300 Cash Bonus when opening a new Personal Savings Account (4.30% APY, $0 min/$5m max).
How to Earn the $399 Bonus:
Open a Live Oak Bank personal savings account by 1/13/25.
Deposit at least $20,000 into your account by 1/13/25.
Maintain a balance of at least $20,000 for 60 days.
$300 cash bonus will be deposited to your open, eligible account within 45 days following the expiration of the 60-day period.
Who is Eligible?
New and Existing Customers qualify for the $300 bonus if the following requirements are met:
Only one bonus is available per Tax Identification Number per promotional period.
Only personal savings accounts are eligible for the bonus offer.
A new Live Oak Bank personal savings account must be fully funded with at least $20,000 by 11:59 p.m. EST on January 13, 2025 to be eligible for the bonus.
All funding of the new personal savings account must consist of funds originating from an external financial institution to qualify.
Beginning on the date in November or December 2024 or January 2025 that the new account attains a balance of at least $20,000, if the balance remains equal to or exceeding $20,000 for 60 consecutive days, then the account will be eligible for the bonus if all other conditions are met.
Your new account must be open and in good standing at time of payout in order to receive the bonus.
Existing Customers must also “maintain their existing account balances (not including interest accrued but not credited to the account) at or above the end of day balance as of November 11, 2024 11:59:59pm (ET) across their existing personal savings in order to be eligible for the bonus offer.”
Is the Bonus Worth It?
To earn $300 in two months on a $20k balance would require a 9.35% APY.
Discover Online Savings Account Bonus
How to Earn the $150 or $200 Bonus:
Use Offer Code GBPP924 when applying online for your first Discover Online Savings account.
Deposit a total of at least $15,000 to earn a $150 Bonus, or a total of at least $25,000 to earn a $200 Bonus.
Qualifying deposit(s) may consist of multiple deposits and must post to Account within 45 days of account open date.
Bonus will be credited to the account within 60 days of the account qualifying for the bonus. Account must be open when bonus is credited.
Who is Eligible?
Offer not valid for existing or prior Discover savings customers, including co-branded, or affinity accounts.
Eligibility is based on primary account owner.
Offer ends 3/13/2025.
Is the Bonus Worth It?
The Discover Online Savings account currently earns 3.90% APY.
A $15,000 balance in a Discover Online Savings account would earn about $150 in slightly more than 3 months.
A $25,000 balance in a Discover Online Savings account would earn about $200 in approximately 2.5 months.
Barclays Tiered Savings $200 Bonus
How to Earn the Bonus:
Open a Tiered Savings account now through January 6, 2025.
Fund with at least $25,000 within the first 30 days of opening the account, and maintain the balance of at least $25,000 for 120 consecutive days.*
After you maintain the $25,000 balance for 120 consecutive days, the $200 bonus will be added to your account in approximately 60 days.
*The 120 consecutive days will not start until the $25,000 is deposited within 30 days from opening the account. You may make multiple deposits to your account from another financial institution(s) to meet the offer requirements, provided these deposits all occur no later than 30 days after opening the new Tiered Savings account.
Who is Eligible?
To qualify for this bonus offer, you must be a new Barclays Tiered Savings customer (current and previous Barclays customers with a Savings or CD are not eligible). Offer expires on January 6, 2025.
Is the Bonus Worth It?
The Barclays Tiered Savings account currently earns 4.50% APY on balances up to $250,000.
A $25,000 balance in a Tiered Savings account would earn approximately $370 in 120 days.
The $200 bonus + $370 in interest would be the equivalent of a 7% APY for 120 days.
Alliant Credit Union Ultimate Opportunity Savings Account Bonus
How to Earn the $100 Bonus:
1. Open a new Ultimate Opportunity Savings Account with a minimum $100 initial deposit through December 31, 2024.
2. Deposit at least $100 a month for 12 consecutive months. Initial $100 deposit must be made within 30 days of account opening. Each subsequent month, deposits must post by the last day of the month.
3. At the end of the 12-month term if all requirements have been met, if the balance is at least $1,200 ($100 average daily minimum balance), and the Ultimate Opportunity Savings Account is open and in good standing, $100 bonus will post to your account within four weeks.
Who is Eligible?
Only new Alliant members are eligible for this bonus and are limited to one offer per member. Existing Alliant members, those who are a joint owner on an Alliant savings account, and former Alliant members who closed an Alliant savings account in the past 180 days are not eligible.
Is the Bonus Worth It?
The Ultimate Savings Opportunity account currently earns 3.10% APY on all balances.
Earning $100 in 12-months in a savings account earning 3.10% would require a balance of approximately $3,230.