How to Earn Up to 200% APY with Bank Bonuses
00:00:00.000 | The percentage returns get really crazy when you're willing to move your direct deposit.
00:00:04.160 | So I looked at what I thought was kind of the eight best offers, similar
00:00:07.400 | institutions, but also included SoFi, Chase, PNC, Bank of America.
00:00:11.880 | And the bonuses were similar, $200 to $900, but you only needed to deposit $1,000 to $15,000.
00:00:18.680 | And so if you look, most of the time, the range was 90 to 120 days.
00:00:22.640 | The actual bonus APY was crazy.
00:00:25.640 | It was from 24 to 200%.
00:00:28.700 | And so the top bonus was Axios Bank, $500 for depositing $3,000 for just 30 days.
00:00:35.960 | So that's how you get to 200% return because you get $500 on $3,000,
00:00:40.280 | which is about 16% return in just 30 days.
00:00:43.480 | So if you annualize that, multiply it by 12, it's just wild and way
00:00:47.540 | more APY than you'll get anywhere else.
00:00:49.360 | It did require that you have at least $1,500 of direct deposit.