Discover how to earn up to a $200 bonus with Laurel Road’s High Yield Savings Account. Learn about eligibility, deposit tiers, and strategic tips to maximize your savings.
Laurel Road’s High Yield Savings Account stands out with its competitive interest rates and now you can earn a $200 welcome bonus when you sign up. To take advantage of Laurel Road’s up to $200 savings bonus, you need to understand the eligibility criteria. Essentially, you must open a new savings account, deposit $1 within 20 days, and achieve one of the specified balance tiers by day 90.
Continue reading for the details.
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Laurel Road Bonus Offer
- What you’ll get: Up to $200
- Where it’s available: Nationwide
- How to earn it:
- Deposit total between $5,000–$14,999.99 and get a $50 bonus
- Deposit total between $15,000–$29,999.99 and get a $100 bonus
- Deposit total more than $30,000 and get a $200 bonus
- When it expires: 4/30/2024
Here are some referral links you can try:
If you have your own referral link to share, please feel free to add it in the comments section.
Waive The Monthly Fee
Their HYSA has no monthly fee.
- Starting at 12:00AM EST on January 30, 2024, through 11:59PM EST on April 30, 2024 (“Campaign Period”), a $50 bonus (the “Bonus”) will be awarded to Laurel Road members (“Referrer”) for each friend who opens a new Laurel Road High Yield Savings (HYS) account (the “Referred”) and meets the following requirements, the Referred must 1) submit the HYS account application through the Referrer’s link during the Campaign Period. 2) have a minimum HYS account balance of at least $1 by 7PM EST within the first twenty (20) calendar days of account opening, and 3) have a minimum balance of $5,000 by 11:59PM EST on the ninetieth (90th) calendar day of account opening for Referrer to earn the Bonus.
- This offer cannot be combined with any other programs and is not eligible for the standard Refer-A-Friend split.
- All other Laurel Road Referral Program Rules apply.
Our Take On the Bank Offer
You only need to keep the balance for 90 days, which seems reasonable. I think it is a nice offer, especially considering the high yield you’re earning on the balance. Compare their yield with other online savings accounts here.
Frequently Asked Questions about the Laurel Road High Yield Savings Account $200 Bonus Offer
How can I earn the Laurel Road High Yield Savings Account bonus? To earn the bonus, you need to open a new Laurel Road High Yield Savings Account, deposit at least $1 within 20 days of account opening, and reach a specified balance tier by the 90th day. The bonus amount depends on your balance at day 90:
- Deposit $5,000–$14,999.99 to earn a $50 bonus.
- Deposit $15,000–$29,999.99 to earn a $100 bonus.
- Deposit more than $30,000 to earn a $200 bonus.
Who is eligible for the Laurel Road bonus offer? The offer is available nationwide to new customers who open a Laurel Road High Yield Savings Account during the campaign period, which runs from January 30, 2024, to April 30, 2024. You must also meet the deposit criteria within the specified timeframes.
Is there a monthly fee for the Laurel Road High Yield Savings Account? No, the Laurel Road High Yield Savings Account does not have a monthly maintenance fee, making it an even more attractive option for saving money.
Can this offer be combined with other promotional offers from Laurel Road? No, this specific bonus offer cannot be combined with any other programs and is not eligible for the standard Refer-A-Friend program split.
How do referrals work with this offer? During the campaign period, existing Laurel Road members can refer friends to open a new High Yield Savings Account. If the referred friend meets the eligibility criteria, including depositing at least $1 within the first 20 days and maintaining a minimum balance of $5,000 by the 90th day, the referrer earns a $50 bonus for each successful referral.
What happens if I don’t reach the minimum balance required for the bonus? If you do not reach the specified minimum balance required for the bonus by the 90th day after account opening, you will not be eligible for the bonus. It’s important to plan your deposits accordingly to ensure you meet the criteria.
Where can I find more information or get assistance with my application? For more information or assistance with your application, you can visit the Laurel Road website or contact their customer service team. Additionally, you can read the full terms and conditions of the offer at Laurel Road’s High Yield Savings Account offer page.
Can I open an account if I am not currently a Laurel Road member? Yes, the offer is open to new customers. You do not need to be an existing Laurel Road member to open a High Yield Savings Account and qualify for the bonus offer.
When will the bonus be credited to my account? The bonus is typically credited to your account within a few weeks after you have met all the eligibility criteria, including maintaining the required minimum balance for 90 days.
Are there any penalties for withdrawing funds from my account before the 90 days? While there are no penalties for withdrawing funds, doing so may affect your eligibility for the bonus if your account balance falls below the required minimums for the bonus tiers. It’s crucial to maintain the necessary balance to qualify for the bonus.