How To Find a $200 or $300 Bonus Offer for Chase’s Savings Account [2021]

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JPMorgan Chase is the largest bank in the U.S. with over $3 trillion in assets under management, over 4,700 retail branches, and 16,000 ATMs worldwide. With numbers like that, it is no wonder so many people choose Chase for their banking needs.

Chase offers just about every type of banking, lending, and investment product you can think of, including general savings accounts. Fortunately, if you’re in the market for a new savings account, Chase periodically runs promotions where it offers a welcome bonus to new account holders. In the past, we’ve seen Chase savings account bonuses of up to $300 — talk about a nice way to boost your savings balance!

So how can you earn a welcome bonus offer for a Chase savings account? This guide will help show you how to do just that!

Benefits of Chase Savings Accounts

Person Using Calculator
Is a Chase savings account right for you? Image Credit: lovelyday12 via Shutterstock

Chase offers 2 standard savings accounts products — Chase Savings and Chase Premier Savings. The benefits between the 2 accounts are largely the same, but the Chase Premier Savings account offers a better interest rate on your funds.

Here are some of the benefits you’ll receive regardless of which account you choose:

  • FDIC insurance on your funds
  • Access to 16,000 ATMs and 4,700 branches
  • Convenient online and mobile banking options
  • Payment options via Zelle® and Chase QuickPay
  • Autosave feature to automate a monthly deposit from your Chase checking account
  • Mobile account alerts

Hot Tip: For more details on Chase savings accounts, view our ultimate guide to Chase savings accounts.

How To Find a $200 or $300 Bonus Offer

If you feel that a Chase savings account is a good fit for your needs, here are some steps you can take to locate a welcome bonus offer prior to signing up.

Chase Public Promotional Offer

Every so often, Chase runs public promotional offers on its savings accounts that are available to anyone who decides to open a savings account while the promotion is running. So if you’re considering opening a Chase savings account, doing so when you can earn a bonus of up to $300 is the perfect time to do so!

Targeted Mailings

Did you know that the snail mail you receive can actually make you money? It’s true! In fact, Chase regularly sends out targeted promotional offers for its banking and credit card products that can even be better than the public offers you see on the standard Chase website. So before dumping all of that mail in the trash or deleting it from your email inbox, take a second before doing so to see if the offer is worthwhile to you!

If you’re someone who never receives promotional offers from Chase either via email or your home mailbox, then the likely culprit is that you have not given the bank permission to send you special offers. How you can change this? It is simple — start by going to the Chase website and log into your Chase account, then click Profile, then Settings. Once there you’ll want to click Marketing Preferences and then click Yes to receive special offers from Chase.

Chase marketing prefrences
Want to receive special offers from Chase? Then make sure you opt-in under marketing preferences! Image Credit: Chase

Refer-a-Friend Offer

Do you have a friend or family member that banks with Chase? If so, you should check to see if their referral offer is as good or better than the current public offer. If it is, then you and your friend will both earn some extra cash after you sign-up for an account. Likewise, once you’ve created a Chase account, you can start sending your own referrals out and earn extra cash for each person who uses your code.

Reasons You May Not Be Able to Get a Bonus Offer

You Haven’t Opted-In to Marketing Offers

If you’re hoping to be targeted for a promotional sign-up offer, but you haven’t opted-in to marketing offers, you’re likely going to be waiting for a pretty long time. Put simply, Chase is not permitted to contact you about special offers unless you give it permission to do so. So make sure you opt-in for your account under Marketing Preferences to stay in the know!

You Already Have a Chase Savings Account

Pretty straightforward here, but if you already have a Chase savings account, or have had one within the last 6 months, then you will not be eligible for a new welcome bonus offer.

Final Thoughts

Everyone needs a savings account, whether you’re building up a rainy day fund, saving for a house or car, or anything in between. If you feel that the savings accounts offered by Chase are a good fit for you and your needs, then you might as well earn yourself some extra cash when signing up, and if you follow the tips in this article, you might be able to do just that!

The information regarding Chase Savings℠ and Chase Premier Savings℠ was independently collected by Upgraded Points and not provided nor reviewed by the issuer. 

Frequently asked questions

How do you open a Chase savings account?

Opening a Chase savings account is simple and can either be done online through the Chase website or in your local Chase retail branch.

How do you close a Chase savings account?

To close a Chase savings account you can either visit your local Chase branch, contact customer service 800-935-9935, or send Chase a secure message through your online account portal.

When do you receive the Chase Savings bonus?

Usually, you will receive the welcome bonus for your Chase savings account about 15 days after you have completed any sign-up or deposit requirements, though it may take longer in some instances. If you’ve completed the bonus requirements and more than 15 days have passed, you can contact the Chase customer service line at 800-935-9935 to check on the status.

How long do you have to keep your money in the Chase savings account to get the bonus?

Your savings account must remain open for at least 6 months or Chase will revoke the bonus at closing as an early account termination fee.

Do Chase savings accounts charge fees?

Yes, both the Chase Savings and Chase Premier Savings accounts charge fees, but you can get these fees waived by maintaining a minimum balance or completing other requirements.

For example, the $5 monthly Chase Savings fee can be waived by maintaining a daily balance of $300 or having your account linked to an eligible Chase checking account. The $25 monthly Chase Premier Savings fee can be waived by maintaining a daily balance of $15,000 or by linking the account to a Chase Premier Plus or a Chase Sapphire Checking account.

Jarrod West

About Jarrod West

Jarrod first became fascinated with the world of points and miles as the perfect way to visit dream destinations without breaking the bank. On his first major award trip, he spent 3 months traveling through Europe, financed nearly entirely with points; while flying in premium cabins and staying in 5-star hotels along the way. Now, he is on a mission to help others realize their travel goals and upgrade their travel experiences. Jarrod has been writing about credit cards and travel loyalty programs for 4 years, and his work has been featured by Travel and Leisure, Matador Network, Yahoo Finance, and U.S. News.

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