The best savings account bonuses of July 2026: Earn up to $1,500

Editor's Note: APYs listed in this article are up-to-date as of the time of publication. CNBC Select will update as changes are made public.

They're not as common as checking account bonuses, but some savings accounts offer cash incentives to new account holders.

We've rounded up the best savings account bonuses on the market right now, with details on how to earn them. There may be monthly maintenance fees that eat into that bonus, and your regular APR is more important in the long run, so carefully review the fine print before opening any new account.

Bonus: $300, $750 or $1,500

How to earn the bonus:

1. Open a new Capital One 360 Performance Savings account using promo code BONUS1500.
2. Within 15 days of opening, deposit at least $20,000 to earn $300; $50,000 to earn $750; or $100,000+ to earn $1,500.
3. Funds must be kept in your account for 90 days after the initial 15-day funding period, for a total of 105 days.

When will you receive your bonus? The bonus will appear in your account within 60 days of meeting all requirements.

When does the offer expire?: Not available.

Bonus: $200 or $900

How to earn the bonus: New Chase Savings customers can earn a $200 bonus by depositing at least $15,000 in new money within 30 days of account opening and maintaining that balance for at least 90 days.

To earn the full $900 bonus, open a linked Chase Total Checking® account and set up direct deposit to the checking account within 90 days of opening.

When will you receive your bonus? According to Chase, you should receive the bonus within 15 days after completing all of the required activities, including balance maintenance periods.

When does the offer expire? Oct. 16, 2026.

Bonus: $400 plus a 4% promotional APY for the first six months.

How to earn the bonus: Open a new E*TRADE Premium Savings Account by the promotional deadline and deposit at least $20,000 in new money within 30 days. You also have to maintain an average daily balance of at least $20,000 for an additional 45 days after the funding period. After the six-month promo period, the account reverts to E*TRADE's standard variable APY (currently 3.5%).

When will you receive your bonus? According to E*TRADE, bonuses are typically paid within 30 days of the close of the 40-day maintenance period (or within 105 days following account opening).

When does the offer expire? Sept. 30, 2026.

Bonus amount: $50 or $400*

How to earn the bonus: New SoFi Checking and Savings account holders who set up direct deposit within a 31-day enrollment period are eligible for a cash bonus.

• $50 bonus: Direct deposits totaling $1,000 to $4,999.99.
• $400 bonus: Direct deposits totaling $5,000 or more.

When will you receive your bonus? The direct deposit bonus period begins when SoFi receives a direct deposit of $1 or more within the promotion period and ends 25 calendar days later. Account holders should receive their bonus within seven business days after the bonus period ends.

When does the offer expire? Dec. 31, 2026.

Bonus: $100 or $400

How to earn the bonus: To earn a $100 bonus, open a PNC Virtual Wallet® account and make qualifying direct deposits of $500 or more. To earn $400, open a Virtual Wallet with Performance Select and make qualifying direct deposits of $5,000 or more.

When will you receive your bonus? Your bonus will typically appear within 60 to 90 days of meeting all the required conditions.

When does the offer expire? Aug. 31, 2026.

Bonus: $5 to $60

How to earn the bonus: New BMO Savings Builder account holders get $5 every month they grow their account by at least $200, up to the first 12 months.

What to know: The minimum opening deposit for a BMO Savings Builder account is $25.

When will you receive your bonus? BMO will credit the account within 5 calendar days after the end of the month.  

When does the offer expire? Not available.

Bonus: 20,000 American Airlines AAdvantage® bonus miles

How to earn the bonus: Open a new Bask Mileage Savings Account between June 1 and Aug. 31, 2026. Fund the account within 15 business days of opening, then maintain a minimum daily balance of $50,000 for 90 consecutive days out of the first 120 days after opening. You'll also need to link an AAdvantage® account number in the same name as the Bask account.

The account earns 1.75 AAdvantage® miles per $1 saved annually instead of cash interest. Bonus miles don't count toward AAdvantage® status.

When will you receive your bonus? Miles are awarded within 10 business days of meeting all requirements, but can take 6–8 weeks to post to your AAdvantage® account.

When does the offer expire? Aug. 31, 2026.

Savings account bonuses are cash incentives that can range from less than $100 to more than $ 1,000, in exchange for opening a new account.

To earn the bonus, you typically must deposit a minimum amount of "new money" (meaning funds that are not already in that bank) and maintain that balance for a set period of time.

1. Open the account: Be sure to use any specific promo code when opening a new savings account online or in person.
2. Deposit new money: Transfer a qualifying amount, often within 30 days of account opening.
3. Meet requirements: Maintain a minimum balance for a set period, typically 90 days or more. Some bonuses require regular direct deposits.
4. Receive the bonus: The bank will deposit the bonus into your account, often within 15–30 days after the requirements are met.

When comparing savings account bonuses, focus on the requirements, the true value of the bonus and whether the account is still worth it after the promotion ends.

Many bonuses require you to keep thousands of dollars in your account or make recurring direct deposits for a set number of months, so understanding the rules will enable you to calculate the real cost and benefit.

To estimate the true value of a bonus, divide the bonus amount by the required deposit and then annualize it based on how long you must hold the funds. This gives you the effective return, which you can compare with the account's annual percentage yield (APY), any monthly fees, and withdrawal limits.

Example: A $300 bonus that requires a $10,000 minimum deposit held for three months would mean a 12% annualized return.

$300/$10,000 = 0.03 or 3%
12 months/3 months = 4
3% x 4 =12% annualized return

Regardless of the bonus, a good savings account should offer long-term value through a competitive APY, limited fees and easy access to your money.

Key considerations for savings account bonuses:

• Bonus amount: Cash incentives can range from $100 to more than $1,500, depending on the account requirements.
• Minimum balance: Banks may require a deposit of $10,000 to $25,000 to receive the highest bonuses.
• Direct deposit: Some accounts require regular direct deposits rather than a lump sum.
• Time requirement: Minimum balance amounts must usually be kept for at least 90 days.

Opening a savings account to receive a bonus may be worth it if the requirements don't outweigh the cash incentive. Most promotions require you to maintain a minimum balance or enroll in direct deposit, which can tie up funds you could have put elsewhere.

There is also usually a wait of up to 90 days (or longer) before you receive the money, which will be taxed as interest income.

Investigate a new bank's offerings the way you would any deposit account, and if you would earn more by leaving your money where it is — or if the account has high fees or difficult withdrawal requirements — it's probably not worth it.

At CNBC Select, our mission is to provide our readers with high-quality service journalism and comprehensive consumer advice so they can make informed decisions with their money. Every savings account list is based on rigorous reporting by our team of expert writers and editors with extensive knowledge of banking products. While CNBC Select earns a commission from affiliate partners on many offers and links, we create all our content without input from our commercial team or any outside third parties, and we pride ourselves on our journalistic standards and ethics. See our methodology for more information on how we choose the best savings account bonuses.

CNBC Select analyzed leading U.S. savings accounts offered by the largest national banks, credit unions and online-only financial institutions.

In addition to reviewing savings account bonuses, we considered the requirements to earn them, as well as the APY, account fees and any additional benefits offered to accountholders.

All the accounts included on this list are FDIC- or NCUA-insured up to $250,000.

Product availability and features vary by market, so some accounts and bonuses may not be offered where you live. Many banks require you to enter your ZIP code before applying. Rates, fees and bonus terms are subject to change without notice.

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* New and existing Checking and Savings members who have not previously enrolled in Direct Deposit with SoFi are eligible to earn a cash bonus of either $50 (with at least $1,000 total Eligible Direct Deposits received within 25 calendar days of your first Eligible Direct Deposit of $1 or more) OR $400 (with at least $5,000 total Eligible Direct Deposits received within 25 calendar days of your first Eligible Direct Deposit of $1 or more). Cash bonus amount will be based on the total amount of Eligible Direct Deposits received within 25 calendar days of your first Eligible Direct Deposit of $1 or more. If you have satisfied the Eligible Direct Deposit requirements but have not received a cash bonus in your Checking account, please contact us at 855-456-7634 with the details of your Eligible Direct Deposit. Direct Deposit Promotion begins on 5/15/2026 and will be available through 12/31/26. See full bonus and annual percentage yield (APY) terms at sofi.com/banking/checking-offer/

*SoFi Checking and Savings is offered through SoFi Bank, N.A., Member FDIC. SoFi members with Eligible Direct Deposit can earn up to 3.10% 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 3.10% APY for savings (including Vaults). Members without Eligible Direct Deposit 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 5/28/26. There is no minimum balance requirement. Fees may reduce earnings. Additional information can be found at http://www.sofi.com/legal/banking-rate-sheet.

*SoFi Bank is a member FDIC and does not provide more than $250,000 of FDIC insurance per depositor per legal category of account ownership, as described in the FDIC's regulations. Any additional FDIC insurance is provided by the SoFi Insured Deposit Program. Deposits may be insured up to $3M through participation in the program. See full terms at SoFi.com/banking/fdic/sidpterms. See list of participating banks at SoFi.com/banking/fdic/participatingbanks.

*Earn up to 3.80% Annual Percentage Yield (APY) on SoFi Savings with a 0.70% APY Boost (added to the 3.10% APY) for up to 6 months. Open a new SoFi Checking & Savings account with Eligible Direct Deposit by 12/31/26. Rates are variable, subject to change. Terms apply at sofi.com/banking#2. SoFi Bank, N.A. Member FDIC *Annual percentage yield (APY) is variable and subject to change at any time. Rates are current as of 5/28/26. There is no minimum balance requirement. Fees may reduce earnings. Additional rates and information can be found at https://www.sofi.com/legal/banking-rate-sheet