Am considering opening a Chase checking account simply to collect $300 from them. My question to anyone who has recently opened such an account, are ordering checks required? Checks aren't much of a necessity any more, but it is a "checking" account after all. 
Considered the savings plan also, but hate to tie up $15K @ .01% for 6 months for $200.... maybe $500. 
@Turbobuick wrote:@Considered the savings plan also, but hate to tie up $15K @ .01% for 6 months for $200.... maybe $500.
I am not trying to be snarky but is that even worth it since you can put 15k into an 1% savings account and interest alone makes up for more than the bonus ?
@mongstradamus wrote:
@Turbobuick wrote:@Considered the savings plan also, but hate to tie up $15K @ .01% for 6 months for $200.... maybe $500.
I am not trying to be snarky but is that even worth it since you can put 15k into an 1% savings account and interest alone makes up for more than the bonus ?
Snarky is good! Without compounding, 1% earns you $75 in 6 months while $200 is closer to 2.67% of course that doesn't include the 75 cents it actually earns at .01%. LOL.
well i was thinking more long term like say you keep that 15k in that account for 5-10 years don't think it would be quite an good deal, but short term i guess its a slightly better deal than the 1% savings accounts.
@mongstradamus wrote:well i was thinking more long term like say you keep that 15k in that account for 5-10 years don't think it would be quite an good deal, but short term i guess its a slightly better deal than the 1% savings accounts.
Right, there is zero incentive to keep the money in that savings account past the bonus term.
Well, off to open my new checking account.
Just to follow up. Opened the checking acct and they gave me one sheet of checks, like mentioned earlier, no mandatory purchase of checks. They even printed/stamped me out a chipped debit card on the spot and I used it to deposit $100 cash. My new online banking will share the same site as my Chase credit cards, so no new pw/login required. Whole deal was less than an hour. Got home and transferred my auto-deposit to Chase from BofA. Totally painless .... well, if I get the $300 without pain.
Basically earning $50 a month just to keep the account open til the new year.
