Offer Details
- Bonus Amount: Up to $150
- Offer Deadline: April 30, 2025
- Account Type: Free Checking or Access America Checking
- Minimum Opening Deposit: $25
- Direct Deposit Required: No
- Balance Requirement: Maintain qualifying balance through August 31, 2025
- Payout: By October 31, 2025
- Availability: Must receive offer directly from PenFed
How to Earn the Bonus
| Balance Maintained | Bonus Earned |
|---|---|
| $10,000 | $150 |
| $5,000 | $75 |
- Open a New PenFed Checking Account
- Must be a new checking customer. Offer is targeted and only available if you received it directly from PenFed.
- Deposit External Funds by April 30, 2025
- Deposit funds from a non-PenFed account. Internal transfers do not count.
- Maintain the Required Daily Balance Until August 31, 2025
- Keep your daily balance at or above the qualifying threshold.
- If your balance drops below, your bonus will be reduced or forfeited.
- Receive Your Bonus
- The bonus will be deposited by October 31, 2025.
- Reported on IRS Form 1099-INT.
Trending Savings Account Deal:
CIT Bank Platinum Savings: Earn Up to 4.10% APY
Looking for a safe, high-yield place to grow your savings before the year ends? Enjoy up to a 4.10% APY for 6 months on balances of $5,000 or more with promo code CITBoost. Open...Show More
Looking for a safe, high-yield place to grow your savings before the year ends? Enjoy up to a 4.10% APY for 6 months on balances of $5,000 or more with promo code CITBoost. Open your account online with as little as $100, fund it easily through transfer or mobile deposit, and start earning one of the most competitive savings rates in the country today.1 Platinum Savings is a tiered interest rate account. Interest is paid on the entire account balance based on the interest rate and APY in effect that day for the balance tier associated with the end-of-day account balance. APYs — Annual Percentage Yields are accurate as of July 1, 2026: 0.25% APY on balances of $0.01 to $4,999.99; 3.75% APY on balances of $5,000.00 or more. Interest Rates for the Platinum Savings account are variable and may change at any time without notice. The minimum to open a Platinum Savings account is $100.2 Based on comparison to the national average Annual Percentage Yield (APY) on savings accounts as published in the FDIC National Rates and Rate Caps, accurate as of July 20, 2026.Boost Disclaimer: This is a limited time offer available to New and Existing customers who meet the Platinum Savings APY Boost promotion criteria. Accounts enrolled in the Platinum Savings Annual Percentage Yield (APY) Boost promotion will receive a 0.35% APY boost on the Platinum Savings current standard APY tiers for 6 months following the opening of a new account or when an existing Platinum Savings account is enrolled in the promotion. The Platinum Savings APY boost will be applied on account balances up to $9,999,999.00. Account balances above $9,999,999.00 will earn the standard APY. If the standard-published APY should change during the promotion period, the APY boost will move with it, offering an account APY above the standard rate. The Promotion begins on February 13, 2026, and ends August 31, 2026. Customers enrolled in the promotion prior to the end date will receive the APY boost for the 6month period outlined in the terms and conditions. The promotion can end at any time without notice.For complete list of account details and fees, see their Personal Account Disclosures at https://www.cit.com/cit-bank/resources/forms Show Less
Account Options
Access America Checking
- APY:
- 0.35% on $20,000–$50,000 w/ $500 direct deposit
- 0.15% on balances under $20,000 w/ $500 direct deposit
- Minimum Opening Deposit: $25
- Monthly Fee: None, if requirements are met
Fine Print to Know
- Offer is non-transferable and only valid for the original email or mail recipient.
- One bonus per member.
- Account must remain open and in good standing.
- Dividends apply depending on balance and direct deposit activity.
Our Take
This is a solid bonus for savers who can park $5,000 or more for a few months. Unlike most bonuses, this one doesn’t require direct deposit, which makes it more flexible. The Access America Checking account also pays interest, which adds a little extra on top of the bonus.
Just make sure to maintain the balance through August 31, 2025 or you could miss out. It’s also targeted, so check if you received the offer directly from PenFed.
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