Best Savings Account Bonuses for November (up to $3,500)
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We’ve researched the best savings account promotions among national, regional, and online banks, and here are our top picks for November 2023.
If you’re looking for additional bank account bonuses, consider going through our best checking account bonuses guide.
Compare the Best Savings Account Bonus Offers
Best Savings and Money Market Account Bonuses
BMO Relationship Plus Money Market Account – Product Name Only : EarnBMO Relationship Plus Money Market Account – Intro Bonus U.S. Bank Standard Savings Account – Product Name Only : EarnU.S. Bank Standard Savings Account – Intro Bonus Alliant High-Rate Savings Account – Product Name Only : Earn aAlliant High-Rate Savings Account – Intro Bonus Bask Bank Mileage Savings Account – Product Name Only : EarnBask Bank Mileage Savings Account – Intro Bonus
Savings Account Bonuses: FAQs
Why do savings accounts have bonuses?
Some banks offer bank account bonuses for savings accounts in order to appeal to new customers.
Can I receive more than one savings account bonus?
You typically can’t get two savings account bonuses from the same bank at the same time. However, you may be able to get savings account bonuses from different banks if you have the funds.
Are savings account bonuses taxable?
Yes. When you file taxes for the year, you’ll have to include your savings account bonus as income and pay income tax.
How to Qualify for the Best Savings Account Bonuses
BMO Relationship Plus Money Market Account – Product Name Only
Bonus amount:
Expiration date: December 8, 2023
Who qualifies: You must be a new BMO personal money market customer or someone who hasn’t closed a BMO personal money market account in the last 12 months.
What you need to do:
- Open a new
BMO Relationship Plus Money Market Account – Product Name Only online, by phone, or at a branch by December 8, 2023, using a promotional code - Fund your account with new money within the first 30 days of account opening (New money means any funds that aren’t currently in a BMO bank account or were in a BMO account in the last 14 days)
- To earn $300, deposit $25,000 to $49,999.99 in new money
- To earn $500, deposit $50,000 to $99,999.99 in new money
- To earn $1,000, deposit $100,000 to $249,999.99 in new money
- To earn $2,500, deposit $250,000 to $499.999.99 in new money
- To earn $3,500, deposit $500,000 or more in new money
- To earn up to $4,100 in total at BMO, you must also open a BMO personal checking account and meet certain qualifying transactions
- Maintain your new money balance from Day 31 to Day 120
When you’ll receive the bonus: The cash bonus will be deposited into your money market account approximately 130 days after account opening.
U.S. Bank Standard Savings Account – Product Name Only
Bonus amount:
Expiration date: October 31, 2023
Who qualifies: You must open a new U.S. Bank Standard Savings Account online. You won’t be eligible if you currently have a U.S. Bank savings or money market account, owned a U.S. Bank savings or money market account in the last six months, or you received a bonus from a U.S. Bank savings or money market account in the last two years. You’re eligible if you live in AZ, AR, CA, CO, ID, IL, IN, IA, KS, KY, MN, MO, MT, NE, NV, NM, NC, ND, OH, OR, SD, TN, UT, WA, WI, or WY.
What you need to do:
- Open a new account by October 31, with a minimum opening deposit of
U.S. Bank Standard Savings Account – Minimum Deposit and using the promotional page; if you open it anywhere other than the promotional page, use the code 2023JUL. - Make new money deposit(s) totaling $25,000 to $49,999.99 to earn $200, or $50,000 or more to earn $400 by November 30, 2023
- Maintain that balance until March 31, 2024
When you’ll receive the bonus: The money will be deposited into your account within 30 days of verifying your savings balance.
Alliant High-Rate Savings Account – Product Name Only
Bonus amount:
Expiration date: December 31, 2023
Who qualifies: You must be a new Alliant Credit Union member. You also cannot have closed an Alliant savings account within the last 180 days.
What you need to do:
- Open an account on the Ultimate Opportunity Savings promotion page by December 31, 2023
- Deposit a minimum of $100 per month into the account for 12 consecutive months
- Maintain a minimum average daily balance of $100 throughout the 12 months
- Have a balance of at least $1,200 at the end of the 12-month period
When you’ll receive the bonus: The $100 will show up in your account within four weeks after the 12-month period.
Bask Bank Mileage Savings Account – Product Name Only
Bonus amount:
Expiration date: November 30, 2023
Who qualifies: New Bask Mileage Savings Account customers are eligible.
What you need to do:
- Open a Bask Bank Mileage Savings Account between September 1 and November 30 and fund your account in the first 15 days
- Maintain a minimum daily balance of $25,000 for 90 consecutive days and 120 days following the account opening
- Provide an AAdvantage account number
When you’ll receive the bonus: Bask Bank will award your miles within 10 business days after you’ve met the qualifications, but it could take six to eight weeks for the miles to post to your AAdvantage® account.
Why You Should Trust Us: Experts’ Advice on the Best Bank Account Bonuses
We consulted banking and financial planning experts to inform these picks and provide their advice on finding the best bank account bonus for your needs.
Chay Thawaranont/Insider
- Sophia Acevedo, certified educator in personal finance, banking reporter, Personal Finance Insider
- Mykail James, MBA, certified financial education instructor, BoujieBudgets.com
Here’s their insight about savings account bonuses. (Some text may be lightly edited for clarity.)
What should I look for in a savings account bonus?
First, consider how much money is needed to obtain the bonus and whether the qualifying activities are doable. If you’d like to earn a bigger cash bonus, you’ll usually have to make a substantial deposit or maintain a high account balance.
Is a savings account bonus worth it?
A savings account bonus may be worthwhile if you have a lump sum of money you can deposit into an account. You also might want to consider other savings account features to determine if a particular bank account is right for you, like a high-interest rate or whether it’s possible to waive monthly service fees.
