Marcus Savings Account Offers $100 Bonus and 3.30% APY
Marcus by Godman Sachs is once again offering a $100 bonus for the Online Savings Account. We have seen this bonus for the last few years around this time. The offer is available for new and existing customers. The account has no fees and you also earn a 3.30% APY. Let’s see how it works.
The Offer
Get $100 when you enroll and deposit $10,000 or more in new funds into a new or existing Online Savings Account.
- Enroll in the promotion by 2/15/23.
- Deposit within 10 calendar days of enrollment, and maintain at least $10,000 of those new funds, plus your existing balance in your account for 90 consecutive days after the 10-day Funding Period.
The $100 bonus will be deposited into your enrolled Account within 14 calendar days after fulfilling the above requirements. To receive your bonus, your Account must be open and in good standing. The bonus will be treated as interest for tax reporting purposes.
Key Terms
- Upon successful enrollment, you will receive a confirmation of your enrollment via email or U.S. mail.
- After enrolling, you must deposit $10,000 or more in new funds from an external account into your Account within 10 calendar days of enrollment (the “Funding Period”). Must maintain the Account balance plus a minimum of $10,000 in new funds (the “Required Dollar Amount”) in your Account for 90 consecutive days from the end of the Funding Period. The Account balance is based on the starting current balance reflected on your account at 12 am ET the day you enroll. Once the Funding Period has ended, your Account balance may not drop below the Required Dollar Amount at any point until after the 90 consecutive days have passed. You may make multiple deposits within the Funding Period to reach the Required Dollar Amount. Internal transfers do not count for purposes of this Offer.
- If you choose to enroll a different Marcus Online Savings Account in this Offer, you must deposit $10,000 or more in new funds from an external account into the newly enrolled Account within 10 calendar days of enrollment in this Offer, even if you reached the Required Dollar Amount in a previously enrolled account.
- Offer available to new and existing customers.
Conclusion
This Marcus Online Savings Account has no fees to worry about and is available for new and existing customers. You need to deposit $10,000 of new funds within 10 days of enrollment and keep the money in the account for at least 90 days. The account earns a 3.30% APY, which gives you an annualized interest of 7.30% for those three months.
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Wow…That Chase $900 bonus is looking sweeter now!
🙂
for sure!