Amalgamated Bank is currently offering a nationwide bonus of up to $250 for opening a money market account. With an APY of 3.5%, this account requires a deposit of $10,000 or more and has no monthly fees. You can fund it with a Visa or Mastercard credit card for up to $500, and there is no household limit specified. The offer expires on May 26, 2023.
To avoid fees, be sure to read the fine print. There are no monthly fees, but there is an early account termination fee. To qualify for the bonus, you must deposit and maintain a minimum balance for 90 days. The amount of your bonus will depend on the amount of your deposit.
As with any bank account bonus, remember that it will be treated as income and you will need to pay taxes on it. If you have at least $10,000 to deposit, this could be a great opportunity to earn a high APY and receive a bonus as well. Follow the direct link to Amalgamated Bank to take advantage of this offer.
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