The 17 Best Bank Promotions of July 2025

SoFi’s online bank account certainly rewards members for spending and saving. The account, which doubles as a checking and savings account, allows you to organize your savings into vaults so you can work toward your goals. You’ll earn up to 3.80% APY on money in savings and up to 0.50% on checking funds. The bonus is tiered; to get the full $300 bonus, make sure your qualifying direct deposits total $5,000 or more.

With Wealthfront, there are no bank fees and you get a 4.00% APY through partner banks on your cash — nearly 10x the national average savings rate.¹

Get unlimited transfers, same-day withdrawals, zero account fees, and no minimum balance requirements to earn 4.00% APY. You can use Wealthfront with payment apps like Apple Pay, Venmo, and Google Pay.

They’ll also give you access to a customizable investment portal so you can start building wealth while focusing on your short- and long-term goals.

Wealthfront isn’t quite a bank, but it works with several FDIC-insured partner banks to give you the convenience and flexibility you expect, minus the sneaky fees and account requirements. You can get started with Wealthfront with a $1 opening deposit or snag a $30 bonus² when you deposit $500 or more (terms and conditions apply).³

1. Based on the national average interest rate for savings accounts as posted on FDIC.gov, as of June 23, 2025). FDIC coverage will remain at up to $8 million for individual Cash Accounts ($16M for joint accounts) through partner banks.

2.  Client must maintain $500 by the 30 day mark. See website for details. 

3. Checking features for the Cash Account are subject to identity verification by Green Dot Bank, Member FDIC. Cash account is offered by Wealthfront Brokerage LLC (“Wealthfront Brokerage”;), a Member of FINRA/SIPC. Wealthfront Brokerage is not a bank. We convey funds to partner banks who accept and maintain deposits, provide the interest rate, and provide FDIC insurance. The APY rate listed is as of 06/23/2025 and is subject to change at any time. Fees and Eligibility requirements may apply to certain checking features, please see the Deposit Account Agreement for details. Limits, fees, and exclusions apply. All investing involves risk, including the possible loss of money you invest.

Apple, the Apple logo, and iPhone are trademarks of Apple Inc., registered in the U.S. and other countries. App Store is a service mark of Apple Inc. Google, Android and Google Play are trademarks of Google Inc., registered in the U.S. and other countries.

Please note, Real-Time Payments (RTP) transfers may be limited by destination institutions,daily transaction caps, and by participating entities such as Wells Fargo and the RTP® Network. New Cash Account deposits are subject to a 2-4 day holding period before becoming available for transfer. Wealthfront doesn’t charge for transfers, but receiving institutions may impose an RTP fee.

The Penny Hoarder receives compensation when a reader clicks on the referral link that redirects them to Wealthfront, which creates a conflict of interest. Penny Hoarder’s opinions in this article are their own and are not tied directly to such compensation. The Penny Hoarder and Wealthfront Brokerage, LLC are not associated with one another and have no formal relationship outside of this arrangement.

Isn’t it high time our banks started paying us for our loyalty? It hardly seems fair that we’re always forking over fees and getting little to nothing in return, right? Good news — we found a bank that really does reward its customers, and the best part is you won’t pay any monthly maintenance fees, either.

When you open a BMO Smart Advantage Checking account, you may earn a sweet $400* cash bonus when you have $4,000 in qualifying direct deposits in the first 90 days.

That means you may be a couple of paychecks away from an extra $400* bucks— can’t beat that!

Here are a few reasons we love this checking account:

• Earn a $400 cash bonus (after qualifying direct deposits totaling $4,000 or more post to your account)
• Quick online application
• No monthly maintenance fee
• 40,000+ fee-free ATMs in the U.S.

And your money is always safe with BMO Bank N.A. They’re FDIC-insured, listed among the top 10 largest U.S. Banks by assets, serve 13 million customers globally, and are well established in North America.

Ready to break up with your old bank yet? Open a BMO Smart Advantage Checking account and earn your $400* cash bonus after you have a cumulative total of $4,000 in qualifying direct deposits post to your account within 90 days of account opening.

If your savings are just hangin’ out in a low-interest account, not really doing much… well, that’s kind of a waste, right? Give your money a little motivation and let it grow while you kick back.

Right now, Synchrony Bank is offering 3.80% APY on its High Yield Savings Account, and yes, it’s available nationwide. That’s a seriously solid rate!

There’s no minimum deposit, no monthly fees, and your money’s always within reach. Plus, it’s FDIC insured, so you’ve got peace of mind while your cash grows.

And since everything’s online, you can move money around or check your balance without ever stepping into a branch.

Want your savings to actually earn something? Open a Synchrony High Yield Savings Account and start earning 3.80% APY today.

If your money’s just lounging in a regular savings account earning next to nothing, it’s time to give it a purpose. Think of this as a spa day for your cash—park it for a bit, and let it come back refreshed with even more.

It’s called a CD (that’s certificate of deposit, not your middle school mix) is basically a time-out for your money. You leave it alone for a set period, and the bank rewards you with a higher interest rate than your basic savings account.

Right now, Synchrony’s 15-Month CD is offering a 4.15% APY, and the best part? No minimum deposit required. So you can start with whatever you’ve got — even if it’s not a huge amount.

You won’t pay monthly fees. You don’t need to worry about losing access to your money forever. You just let it sit for 15 months and earn more than it would in most traditional accounts. It’s a low-risk, set-it-and-forget-it way to grow your savings faster — without needing to know anything about stocks, crypto, or whatever the Fed is up to.

Plus, it’s available nationwide, and the sign-up process is a breeze.

Learn more about the Synchrony CD here. No fees. No stress. Just solid savings.

Good luck finding a bank that’ll pay you up to 4.05% APY like an Alliant Credit Union Jumbo 12-month certificate can.

It only takes a few minutes to apply to open an Alliant certificate completely online. Choose from a variety of terms from 3 to 60 months, deposit a minimum of $1,000, then sit back and watch your money compound monthly with an APY as high as 4.05% for a 12-month term.

Worried about needing access to your savings before your certificate matures? Alliant also offers a fee-free high-yield savings account that’ll earn you 3.10% APY — you can easily transfer your money at any time with no penalties. Open your account and deposit as little as $100 to start earning interest. Elect to receive eStatements, and you won’t pay any monthly fees, either.

Rest easy knowing that with Alliant, both our certificate and high-yield savings account are federally insured by NCUA up to $250,000. This means your money is not just safe, it’s super safe.

Ready to grow your savings faster than the average bank? Head over to Alliant’s website and choose either a certificate of deposit or a high-yield savings account to get started.

APY= Annual Percentage Yield. The APY is accurate as of the 6/23/2025 dividend declaration date. A $ 1,000 minimum deposit is required to open a Regular Alliant Certificate. For those with a larger deposit, a $75,000 minimum deposit is required to open an Alliant Jumbo Certificate. If your Jumbo Certificate balance falls below $75,000, it will convert to a Regular Alliant Certificate, which may pay a lower rate. You must be an Alliant member. Alliant Certificates are available as Regular Share Certificates and Jumbo Share Certificates. Both Regular and Jumbo Certificate types are also offered as Traditional IRA Certificates, Roth IRA Certificates,  and SEP IRA Certificates. Prior to opening an IRA Certificate, you must have or establish an IRA with Alliant. You may not add any additional money to your Certificate after opening. Dividends compound monthly and are paid on the last day of the month and at maturity. A penalty will be imposed for early withdrawal of any principal amount. There are no penalties for monthly dividend withdrawals. Early withdrawal penalties do apply if the Certificate is closed before the maturity date unless the Certificate funds are moved to Alliant Retirement and Investment Services. If you wish to move your Certificate funds to Alliant Retirement and Investment Services, you must wait until 7 days after your Certificate has been opened. Other exceptions to early withdrawal penalties may be allowed. Monthly dividend withdrawals are not eligible on IRA Certificates if owner is under age 59 1/2. Any monthly withdrawals or transfers reduce earnings. If you change the term of your renewed Certificate, the beneficiary(ies) need(s) to be reestablished by completing a Beneficiary Add/Delete Form. (Not applicable to IRA Certificates). The joint owner designated at the time of Certificate opening will remain as joint owner if you renew your Certificate with Alliant. Neither the primary account owner or joint owner may be a beneficiary on the Certificate account. You are not locked into a rate until you open or renew your Alliant Certificate. Alliant Certificate rates may change daily. Fees may reduce earnings on the account.

Regular Share Certificates with a term between 12 and 17 months provide a Dividend Rate of 3.93% – Compounded Annual Percentage Yield of 4.00% APY on balances between $1,000 and $74,999.99. Jumbo Share Certificates with a term between 12 and 17 months provide a Dividend Rate of 3.98% – Compounded Annual Percentage Yield of 4.05% APY on balances $75,000 or greater. IRA Certificates with a term between 12 and 17 months provide a Dividend Rate of 3.93% – Compounded Annual Percentage Yield of 4.00% APY on balances between $1,000 and $74,999.99. Jumbo IRA Certificates with a term between 12 and 17 months provide a Dividend Rate of 3.98% – Compounded Annual Percentage Yield of 4.05% APY on balances $75,000 or greater.

The savings dividend provides an Annual Percentage Yield (APY) of 3.10%. The APY is accurate as of the 6/23/2025 dividend declaration date. Dividends are paid on the last day of the month to accountholders who have maintained an average daily balance of $100 or more. Savings dividends may change after the account is opened and is subject to change at any time. Dividend applies to Savings, Supplemental Savings, Emergency Savings, Kids Savings Accounts, UTMA Custodial Accounts, Trust Accounts, and IRA. Fees may reduce earnings on the account.

New Chase customers enjoy a $300 welcome bonus when opening a Chase Total Checking account with direct deposit. (This offer expires 7/16/25.) And you get automatic transfers to a Chase savings account, along with access to 15,000 Chase ATMs* and more than 4,700 branches.

On the Chase Mobile® app, you can manage accounts, pay bills send money to friends with Zelle® and deposit checks from almost anywhere. Plus, help keep your money protected with features like Zero Liability Protection, fraud monitoring and card lock.

Another plus is this account offers Chase Overdraft Assist to protect you from overdrafts. if you’re overdrawn by $50 or less at the end of the business day or if you’re overdrawn by more than $50 and bring your account balance to overdrawn by $50 or less at the end of the next business day.

Chase Total Checking includes FDIC insurance up to the maximum amount allowed by law.

*$3 fee per withdrawal at a non-Chase ATM in the U.S., Puerto Rico and the U.S. Virgin Islands. Surcharge Fees from the ATM owner/network still apply. $5 fee per withdrawal at a non-Chase ATM outside of the U.S., Puerto Rico and the U.S. Virgin Islands. Surcharge Fees from the ATM owner/network still apply.

Huntington’s Perks Checking account pays out nominal interest (0.02%), but the easily waivable monthly maintenance fee makes it appealing for an easy checking account. Key features include mobile banking, five fee-free out-of-network ATM withdrawals, the No Overdraft Fee $50 Safety Zone and the 24-Hour Grace Overdraft and Return Fee Relief.

“New account” is defined as money not currently in another Huntington account; money transferred from one account to another does not qualify. The bonus offer cannot be combined with any other checking offer.

While the Huntington Platinum Perks account does have a monthly $25 fee, you can waive it by having $25,000 across accounts with Huntington. By upgrading to this account, you’ll get a higher bonus, get unlimited fee-free ATM withdrawals and earn 0.03% interest on your balance.

“New account” is defined as money not currently in another Huntington account; money transferred from one account to another does not qualify. The bonus offer cannot be combined with any other checking offer.

M&T Bank has more than 900 branches and 2,000 ATMs with operations in New York, New Hampshire, Florida, Maine, Pennsylvania, Maryland, New Jersey, Pennsylvania, Delaware, Connecticut, Virginia, West Virginia, Vermont, Massachusetts and Washington, DC, but you can also do your banking entirely online.

M&T Bank has more than 900 branches and 2,000 ATMs with operations in New York, New Hampshire, Florida, Maine, Pennsylvania, Maryland, New Jersey, Pennsylvania, Delaware, Connecticut, Virginia, West Virginia, Vermont, Massachusetts and Washington, DC, but you can also do your banking entirely online.

M&T Bank has more than 900 branches and 2,000 ATMs with operations in New York, New Hampshire, Florida, Maine, Pennsylvania, Maryland, New Jersey, Pennsylvania, Delaware, Connecticut, Virginia, West Virginia, Vermont, Massachusetts and Washington, DC, but you can also do your banking entirely online.

In a world where consumers can get high-interest checking accounts with huge networks of ATMs and unique features, Wells Fargo is not very appealing. But if you like a traditional banking experience and an easy-to-navigate mobile app, Wells Fargo could be for you. Plus, the $325 bonus is nothing to sneeze at.

Bank of America’s Advantage account is broken into three tiers: SafeBalance Banking, Advantage Plus and Advantage Relationship. SafeBalance boasts no overdraft fees or non-sufficient funds fees but is not eligible for the bonus; Plus offers multiple ways to waive the monthly service fee and is eligible for the bonus; and Relationship earns interest (though the percentage is quite low) and is eligible for the bonus.

You can get started with a CIT Bank Platinum Savings account for as little as $100. To reach the full potential on earning interest, you’ll need to deposit at least $5,000 (0.25% APY on balances lower than that). Enjoy watching your money grow with no monthly service fees and manage it through a convenient mobile app.

All you have to do is fill out some information about yourself, put in the $100 minimum opening deposit and you’re on your way. The best part is, there’s no minimum balance to reach the 4.00% APY, so you’ll start earning interest without having to have a certain amount of money in your account.

The Key Smart Checking account is a great account because of its lack of fees. While the account does not earn interest, KeyBank’s partnership with Allpoint gets you access to more than 40,000 ATMs nationwide.