Best Bank Account Bonuses This Week: August 3, 2025

Many or all of the products here are from our partners that compensate us. It’s how we make money. But our editorial integrity ensures that our product ratings are not influenced by compensation. APY = Annual Percentage Yield.

If you've got cash sitting in a low-yield account, now might be the perfect time to make a move.

The Fed held interest rates steady at last week's meeting, which means the high APYs we've been enjoying on savings accounts could stick around a little longer.

By switching banks, you can snag a $200–$400 bonus and lock in a solid APY on your savings -- a true win-win for your money.

We comb through the web each week to bring you offers that won't just pad your balance, but help your money earn more too. Whether you're opening a savings account or setting up direct deposit, here are the high-value bank bonuses worth checking out this week.

Top bank bonuses this week

SoFi Checking and Savings (Member FDIC): Up to $300 bonus

SoFi Checking and Savings

Member FDIC.

Ratings Methodology
Rates as of Aug 03, 2025

Chase Total Checking®: $300 bonus

SoFi Checking and Savings

Member FDIC.

Ratings Methodology
Rates as of Aug 03, 2025

Chase Total Checking®

Member FDIC.
3.50/5 Circle with letter I in it. Our ratings are based on a 5 star scale. 5 stars equals Best. 4 stars equals Excellent. 3 stars equals Good. 2 stars equals Fair. 1 star equals Poor. We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
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3.50/5 Circle with letter I in it. Our ratings are based on a 5 star scale. 5 stars equals Best. 4 stars equals Excellent. 3 stars equals Good. 2 stars equals Fair. 1 star equals Poor. We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
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Offer Alert
Enjoy $300 as a new Chase checking customer, when you open a Chase Total Checking® account and make direct deposits totaling $500 or more within 90 days of coupon enrollment.
APY
0%
Min. To Earn APY
N/A
  • Largest bank in the U.S. in terms of assets 
  • More than 15,000 ATMs and 4,700 physical locations
  • Wide range of financial products
  • User-friendly online and mobile banking tools
  • No minimum deposit to open
  • Chase Overdraft Assist
  • Low APYs on savings accounts and CDs
  • $12 ($15, effective August 24, 2025) monthly maintenance fee waived only with qualifying activity

Chase Total Checking® combines tons of features with superior customer service. It's a safe place to put your money. You can walk into any of thousands of branches and withdraw cash from more than 15,000 ATMs in Chase's network. You can access everything online, too. It's one of the best checking accounts for in-person and over-the-phone customer service.

  • Enjoy $300 as a new Chase checking customer, when you open a Chase Total Checking® account and make direct deposits totaling $500 or more within 90 days of coupon enrollment.
  • Access to more than 15,000 Chase ATMs and more than 4,700 branches
  • Chase Mobile® app - Manage your accounts, deposit checks, transfer money and more -- all from your device.
  • JPMorgan Chase Bank, N.A. Member FDIC
  • Open your account online now
  • Available online nationwide except in Alaska, Hawaii and Puerto Rico. For branch locations, visit locator.chase.com.
  • Chase Overdraft Assist℠ – no overdraft fees 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*


*With Chase Overdraft Assist℠, we won't charge an Overdraft Fee 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 you bring your account balance to overdrawn by $50 or less at the end of the next business day (you have until 11 PM ET (8 PM PT) to make a deposit or transfer). Chase Overdraft Assist does not require enrollment and comes with eligible Chase checking accounts.

**Monthly service fee is $12 ($15, effective August 24, 2025), or $0 with one of the following, each monthly statement period:

Electronic deposits made into this account totaling $500 or more, such as payments from payroll providers or government benefit providers, by using (i) the ACH network, (ii) the Real Time Payment or FedNowSM network, (iii) third party services that facilitate payments to your debit card using the Visa® or Mastercard® network, OR a balance at the beginning of each day of $1,500 or more in this account, OR an average beginning day balance of $5,000 or more in any combination of this account and linked qualifying Chase checking, savings, and other balances.

Discover® Online Savings: Up to $200 bonus

SoFi Checking and Savings

Member FDIC.

Ratings Methodology
Rates as of Aug 03, 2025

Discover® Online Savings

Open Account for Discover® Online Savings

On Discover Bank's Secure Website.

Member FDIC.
5.00/5 Circle with letter I in it. Our ratings are based on a 5 star scale. 5 stars equals Best. 4 stars equals Excellent. 3 stars equals Good. 2 stars equals Fair. 1 star equals Poor. We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
= Best
= Excellent
= Good
= Fair
= Poor
5.00/5 Circle with letter I in it. Our ratings are based on a 5 star scale. 5 stars equals Best. 4 stars equals Excellent. 3 stars equals Good. 2 stars equals Fair. 1 star equals Poor. We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
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= Excellent
= Good
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Open Account for Discover® Online Savings

On Discover Bank's Secure Website.

Limited-time offer
Earn up to $200 when you use offer code TMF325 on your first Discover Online Savings application. Circle with letter I in it. Apply for your first Discover Online Savings Account with offer code TMF325. Deposit $15,000 to earn $150 or $25,000 to earn $200. Deposits must post within 45 days. Offer ends Sept. 11, 2025. See Discover's website for full details.
APY
3.50%
Min. To Earn APY
$0
  • Competitive APY
  • No monthly account fee
  • Comfort of a well-known brand and reputation
  • 24/7 customer support
  • FDIC insured
  • Online only; single branch location in the U.S.

The Discover® Online Savings account promises customers an above-average interest rate and few limitations. Most people won't ever encounter fees with this account, and you won't have to worry about keeping track of your monthly withdrawals either.

To qualify for Bonus: Apply for your first Discover Online Savings Account, enter Offer Code TMF325 at application, deposit into your Account a total of at least $15,000 to earn a $150 Bonus or deposit 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. Maximum bonus eligibility is $200. 

What to know: Offer not valid for existing or prior Discover savings customers. Eligibility is based on primary account owner. Account must be open when bonus is credited. Bonus will be credited to the account within 60 days of qualifying for the bonus. Bonus is subject to tax reporting. Offer ends 09/11/2025, 11:59 PM ET. Offer may be modified or withdrawn without notice. Due to new customer funding limits, you may wish to initiate fund transfers at your other institution. For information on funding, see FAQs on Discover.com/Bank.

BMO Smart Advantage Checking: $400 bonus

SoFi Checking and Savings

Member FDIC.

Ratings Methodology
Rates as of Aug 03, 2025

BMO Smart Advantage Checking

Member FDIC.
Special Offer
Earn a $400 cash bonus when you have a total of at least $4,000 in qualifying direct deposits within the first 90 days.
APY
0.00%
Min. To Earn APY
N/A
  • Generous relationship benefits
  • Strong suite of other banking products
  • Member FDIC
  • Negative customer service reviews

Accounts are subject to approval. BMO Bank N.A. Available in the U.S. Member FDIC

Why bank bonuses are worth a look

If you're already thinking about switching banks, a sign-up bonus could make the move even sweeter. Right now, plenty of banks are handing out cash -- sometimes a few hundred dollars -- just for opening a new account and meeting a few basic requirements.

Usually, it's as simple as setting up a direct deposit, making a few debit card purchases, or keeping a certain amount in your account for a set time. But it's important to read the fine print. Skip a step, and you could lose out on the reward.

One more thing: these bonuses are considered taxable income. If you earn more than $10, expect a 1099-INT during tax season.

Bottom line? If you're planning to move your money anyway, a cash bonus is a nice way to get something extra for your trouble.

How to qualify for a bonus

Most bank bonuses are pretty easy to earn -- as long as you follow the rules. Here's what they usually require:

  • A qualifying direct deposit within 30 to 90 days of opening the account
  • For savings bonuses, you might need to deposit a larger sum and leave it untouched for a few months
  • Some of the simpler offers only ask for a few debit card transactions or a bill payment or two

Before you jump in, take a few minutes to read the offer terms. Making sure the requirements match your financial habits can help you avoid missing out.

What to watch for

Not all bank offers are as easy as they seem. Some accounts come with monthly fees unless you meet specific conditions, like keeping a minimum balance or setting up a recurring deposit. And in many cases, you won't qualify if you've recently had an account at the same bank.

Even after you've done everything right, don't expect instant results -- bonuses can take up to 90 days to show up in your account.

To save you time and effort, we've pulled together this week's most straightforward, no-fuss bank offers that are actually worth checking out.

Our Picks for the Best High-Yield Savings Accounts of 2025

Product APY Min. to Earn
up to 3.80%
Rate info Circle with letter I in it. Earn up to 4.00% Annual Percentage Yield (APY) on SoFi Savings with a 0.20% APY Boost (added to the 3.80% APY as of 7/10/25) for up to 6 months. Open a new SoFi Checking & Savings account and enroll in SoFi Plus by 8/12/25. Rates variable, subject to change. Terms apply at sofi.com/banking#2. SoFi Bank, N.A. Member FDIC. SoFi members who enroll in SoFi Plus with Eligible Direct Deposit or by paying the SoFi Plus Subscription Fee every 30 days or SoFi members with $5,000 or more in Qualifying Deposits during the 30-Day Evaluation Period can earn 3.80% annual percentage yield (APY) on savings balances (including Vaults) and 0.50% APY on checking balances. There is no minimum Eligible Direct Deposit amount required to qualify for the stated interest rate. Members without either SoFi Plus or Qualifying Deposits, during the 30-Day Evaluation Period will earn 1.00% APY on savings balances (including Vaults) and 0.50% APY on checking balances. Interest rates are variable and subject to change at any time. These rates are current as of 1/24/25. There is no minimum balance requirement. If you have satisfied Eligible Direct Deposit requirements for our highest APY but do not see 3.80% APY on your APY Details page the day after your Eligible Direct Deposit arrives, please contact us at 855-456-7634. Additional information can be found at http://www.sofi.com/legal/banking-rate-sheet. See the SoFi Plus Terms and Conditions at https://www.sofi.com/terms-of-use/#plus.
$0
3.50%
Rate info Circle with letter I in it. 3.50% annual percentage yield as of August 3, 2025. Terms apply.
$0
4.00% APY for balances of $5,000 or more
Rate info Circle with letter I in it. 4.00% APY for balances of $5,000 or more; otherwise, 0.25% APY
$100 to open account, $5,000+ for max APY

FAQs

  • Nope! Most bank bonuses only require you to open a new account -- you usually don't need to close your existing one. Just be sure to check the fine print, because some banks may exclude you if you've had an account with them in the past six to 12 months.

  • Typically, it's a paycheck, government benefit (like Social Security), or other ACH transfer from an employer. Some banks are strict, while others are more lenient and accept transfers from other financial institutions. It's always smart to check the exact terms in the bonus offer.

  • Sometimes! It depends on the bank's rules. Some banks let you earn a bonus again after a certain amount of time (like 12 or 24 months), while others limit you to one bonus per customer for life.

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