Chase Bank Offer

[House1204]

I received this email from Chase. Wonder what you guys think.

[Brian_Earl_Spilner]

You just gotta deposit between 250k and 1 MM and let it sit there for 90 days to get that $900.

[SouthJamaica]

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@House1204 wrote:

I received this email from Chase. Wonder what you guys think.

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It depends what the "qualifying activities" are.

[Horseshoez]

I took Chase up on basically the same offer in December, however, the $400 kicker was only $100 back then.

If I recall correctly, to get the $300 for the Total Checking account you need to set up direct deposit for a minimum of $500 per month.  To get the Savings bonus you need to deposit $15,000 and leave it there for 90 days.  There is no need to up the ante to a quarter of a million to get invited into their Private Client class.

[iced]

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@Brian_Earl_Spilner wrote:

You just gotta deposit between 250k and 1 MM and let it sit there for 90 days to get that $900.

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I think you're thinking of this offer:

[AndySoCal]

@House1204  Per Depositaccounts.com the savings rate for Chase private bank savings is .02%  the same rate as everyone else recieves. One of my credit unions is paying 4.00%  which is around 833.00 a month if my math is correct.  Why even bother? IMO I am money ahead by not banking with big banks.

[Horseshoez]

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@AndySoCal wrote:

@House1204  Per Depositaccounts.com the savings rate for Chase private bank savings is .02%  the same rate as everyone else recieves. One of my credit unions is paying 4.00%  which is around 833.00 a month if my math is correct.  Why even bother? IMO I am money ahead by not banking with big banks.

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Ummm, not sure what you're referring to, but the offer @House1204 is referring to only requires a savings deposit of $15,000.00; ain't no way Chase is going to pay $833.00 per month on fifteen grand.

[Citylights18]

The only way the switch to new bank account offers are worthwhile is if you plan to use them as intended.

As intended meaning to move your banking over there permanently and make deposits. If you already want to do that anyways the bonus is another reason to do that now.

To chase these bonuses around like they are credit card SUBs just isn't worth the hassle.

[Brian_Earl_Spilner]

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@iced wrote:

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@Brian_Earl_Spilner wrote:

You just gotta deposit between 250k and 1 MM and let it sit there for 90 days to get that $900.

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I think you're thinking of this offer:

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Oh yeah, my bad. Those are the ones they send me all the time. 

[AndySoCal]

@Horseshoez  My calculations were on the 900 SUB. The simple point is where you better off financially earning  .02% or 4% in the long haul.