Ameriprise Financial $350 Savings Bonus

Offer at a glance

• Maximum bonus amount: $350
• Availability: Nationwide
• Deposit: $35,000
• APY: 4% APY
• Hard/soft pull: Unknown
• ChexSystems: Unknown
• Credit card funding: Unknown
• Monthly fees: None
• Early account termination fee:
• Household limit:
• Expiration date: 12/31/24

The Offer

Direct link to offer

• Ameriprise Financial is offering a $350 bonus when you open Ameriprise Bank Savings Account and complete the following requirements:
  • Deposit a total of $35,000 or more in new money into your new or existing Ameriprise Bank Savings Account by December 31, 2024.
  • $25,000 must be maintained in the account through March 31, 2025

The Fine Print

• To receive the $350 bonus (“Bonus Offer”), you must:

  • 1) Deposit $35,000 or more in New Money (“Required Amount”) into your Ameriprise Bank Savings Account (“Account”) by December 31, 2024.

    • “New Money” is money that is deposited into the Account directly from external accounts outside of Ameriprise Bank, FSB and its affiliates. Deposits made by internal transfers from any other Ameriprise accounts are not eligible for the Bonus Offer; AND

  • 2) Through March 31, 2025, maintain a daily balance equal to or greater than your September 30, 2024 beginning balance plus $35,000 qualifying New Money. Withdrawals from the Account may affect your ability to earn the Bonus Offer.

• Offer is only available to existing Ameriprise clients as of September 30, 2024 who have not received a savings bonus in the past 18 months.

• You may make multiple deposits within the Offer Period to reach the Required Amount. To remain eligible, your Account must be open and in good standing at the time the bonus is credited to your Account. Limit of one bonus per customer. A customer who is an owner of an individual Account and/or a primary owner of multiple joint Accounts will be limited to one bonus. If all Bonus Offer requirements are met, the appropriate bonus amount will be credited to the Account by June 30, 2025.

• A $100 minimum deposit is required to open a new Account. The bonus will be reported as interest on IRS form 1099-INT and the recipient is responsible for any applicable taxes. Please consult your tax advisor; neither Ameriprise Bank, FSB nor its employees provide tax advice.

• All bank account bonuses are treated as income/interest and as such you have to pay taxes on them

Our Verdict

Earlier this year they had a $500 bonus but that only required depositing $25k, but the balance had to be maintained from August 30, 2024 to February 28, 2025 (182 days). This bonus is December 31, 2024 through March 31, 2025 (90 days) so this is actually a better bonus. This bonus works out to be an additional 4% annualized for a total of 8% APY (4% base + 4% from this bonus) so that is competitive if you want to tie money up for a few months. We will add this to our best bank bonuses.

Hat tip to ShawntheShawn

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