Best Savings Account Sign-Up Bonuses for December 2024

Best Savings Account Sign-Up Bonuses for December 2024

Just like earning interest on a savings account, account bonuses are usually taxed as income. Be on the lookout for a Form 1099 from the bank at the end of the year. Even if you don’t receive this form, you can declare the bonus as additional income on Form 1040 Schedule 1 or in your tax software.


Why You Should Trust Us

Investopedia was founded in 1999 and has provided original recommendations to help people find the best savings account bonuses since May 2024. Investopedia’s research, editorial, and compliance teams aim to provide the best possible advice for people seeking a bonus for opening or using a savings account. To determine the best options—based on bonus amounts and requirements—Investopedia evaluates bonus offers from 24 banks on an ongoing basis and updates this page as promotions become available and expire.


How We Pick the Best Savings Account Bonuses

Investopedia’s research, compliance, and editorial teams regularly research and rank bank promotions. To determine our top savings account bonus recommendations, almost 200 data points were collected for over a dozen accounts, spanning 24 banks. Data was collected directly from bank and credit union websites. To be eligible for inclusion in our best list, a savings account bonus must be at least $100 and have a return on deposit of at least 2%.

Investopedia evaluates each promotion based on bonus amount, bonus requirements, and return on deposit, among other factors. Investopedia’s compliance and editorial teams track current and expired bank promotions to provide the most up-to-date information. This page is maintained constantly as promotions become available and expire.

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