Discover the biggest cash offers and alternative ways to earn

  • The leading sign-up bonus for opening a new bank account this month is $20,000
  • However, qualifying for the biggest bonuses often requires large amounts of cash
  • Consider savings or checking accounts with competitive interest rates instead
  • Banks offer cash bonuses to attract new customers and encourage long-term relationships
  • Factors to consider when evaluating sign-up bonuses include eligibility requirements and fees
  • High-yield savings accounts and certificates of deposit can also offer attractive returns
  • Top 10 sign-up bonuses for February 2024 range from $20,000 to $800
  • More attainable sign-up bonuses for new accounts with minimum balance requirements below $5,000
  • Offers from M1, Tastytrade, Citi, HSBC, Chase, and more
  • Read the fine print and ensure you meet all requirements before opening an account

Financial institutions are offering sign-up bonuses of up to $20,000 for opening new bank accounts, but qualifying for these bonuses often requires large amounts of cash. Instead, consider savings or checking accounts with competitive interest rates. Banks offer cash bonuses to attract new customers and encourage long-term relationships. When evaluating sign-up bonuses, consider eligibility requirements, fees, and the potential for high-yield savings accounts and certificates of deposit. The top 10 sign-up bonuses for February 2024 range from $20,000 to $800, while more attainable bonuses are available for new accounts with minimum balance requirements below $5,000. Offers from M1, Tastytrade, Citi, HSBC, Chase, and more. Be sure to read the fine print and meet all requirements before opening an account.

Public Companies: M1 (null), Tastytrade (null), Citi (null), HSBC (null), Chase (null), Wells Fargo (null), Flushing Bank (null), Huntington (null), U.S. Bank (null), PNC (null), SoFi (null), Truist (null)
Private Companies:
Key People: Matthew Goldberg (Bankrate consumer banking reporter), Elizabeth Ayoola (NerdWallet investing and personal finance expert and writer)

Factuality Level: 7
Justification: The article provides information about the highest-paying bank account sign-up bonuses available in February 2024. It explains why banks offer these bonuses and discusses factors to consider when deciding whether to open a new bank account for the bonus. The article also includes a list of more attainable sign-up bonuses for those who don’t qualify for the highest-paying offers. The information provided seems accurate and objective, without any obvious bias or misleading information. However, the article does contain some repetitive information and unnecessary background details, which slightly lower its factuality level.

Noise Level: 3
Justification: The article provides a list of bank account sign-up bonuses and some information on why banks offer these bonuses. However, the article is mostly focused on promoting the bonuses and does not provide much analysis or critical questioning of the practice. It also includes a lot of repetitive information and does not provide any evidence or data to support its claims.

Financial Relevance: Yes
Financial Markets Impacted: The article discusses bank account sign-up bonuses and the strategies used by financial institutions to attract new customers.

Presence of Extreme Event: No
Nature of Extreme Event: No
Impact Rating of the Extreme Event: No
Justification: The article does not mention any extreme events or their impacts.

Reported publicly: www.marketwatch.com