Top Bank Account Incentives for August 2025
In the world of personal finance, opening a new account can often come with a sweet bonus. Here's a roundup of some of the current offers from various banks and brokerages, as of August 2025.
Savings Account Bonuses
TD Bank is offering a $200 bonus for opening a new TD Signature Savings or TD Simple Savings account, while Morgan Stanley Private Bank offers up to $750 by opening a new Premium Savings Account and funding it with new money. However, it's worth noting that the APY at Morgan Stanley Private Bank is lower than the national average yield and leagues below the highest yield savings accounts.
Checking Account Bonuses
Citibank offers a $1,500 or $750 bonus for opening a checking account, TD Bank offers a $300 or $200 bonus for the same, and Wells Fargo offers a $325 bonus. KeyBank, M&T Bank, Huntington National Bank, and BMO Bank also offer bonuses for opening a checking account, ranging from $300 to $600.
Brokerage Account Bonuses
Currently, brokerage account bonuses for new accounts in August 2025 typically range from free stocks to cash bonuses up to several thousand dollars, depending on the brokerage and deposit amount. For example, E*TRADE offers up to $5,000 for qualifying deposits, Merrill Edge provides up to $600 for deposits of $20,000 or more, and J.P. Morgan Self-Directed Investing offers up to $700 in bonuses.
Requirements for Bonuses
Most of these bonuses require you to open a taxable brokerage account and make a qualifying deposit within a certain time. For instance, Merrill Edge requires you to use an offer code and deposit at least $20,000 within 45 days and maintain those assets for 90 days to qualify. E*TRADE and others have similar qualifying deposit thresholds for their top-tier bonuses.
Other Notable Offers
Notable mentions include SoFi, which offers a $300 or $50 bonus for opening a checking and savings account, and Capital One, which offers a $250 bonus for opening a 360 Checking account. USAA Federal Savings Bank offers a $200 bonus for opening a checking account, and $200 by opening USAA's Performance First Savings Account and depositing $15,000 or more within the first 30 days.
Terms and Availability
Please note that exact terms and availability may vary, and it's always a good idea to carefully review the terms and conditions before applying for any bonus offers. For instance, the bonus amount at Morgan Stanley Private Bank expires on Sept. 30, 2025, and the bonus at M&T Bank will be given within 90 days of completing the requirements.
In conclusion, there are numerous banking and brokerage offers available, each with its own set of requirements and benefits. It's essential to do your research and choose the offer that best suits your financial needs and goals. Happy banking!
- The banking and finance industry offers various bonuses for opening new accounts, such as savings accounts, checking accounts, and brokerage accounts.
- For instance, TD Bank provides a $200 bonus for opening a TD Signature Savings or TD Simple Savings account, while Morgan Stanley Private Bank offers up to $750 for a Premium Savings Account.
- In the realm of checking accounts, Citibank offers a $1,500 or $750 bonus, while other banks like KeyBank, M&T Bank, Huntington National Bank, and BMO Bank provide similar bonuses.
- To qualify for these bonuses, opening a taxable brokerage account and making a qualifying deposit within a specified timeframe is often required, as seen with Merrill Edge's $600 bonus, which needs a deposit of $20,000 within 45 days.
