bank rates

Northwest Deal: $300 Checking Bonus

HomeStreet Bank offers this bonus for signing up for a checking account and using some of its services.HomeStreet Bank in Seattle is offering one of the biggest bank perks we’ve seen in some time. It pays customers up to $300 to open and use a checking account.

Your opportunity to earn cash applies whether you open a free checking account or one that has fees if you don’t meet certain requirements but pays interest.

Here’s how the deal breaks down:

  • With a Free, Deluxe or Premium Checking account, you get $100 just for setting up direct deposit.
  • Sign up for eStatements and receive $20 more.
  • Use your Visa check card, and you earn $2 per purchase, up to $80.
  • Make an online bill payment and receive $15 per payment, up to $75.
  • Hand over your old checks and debit card, and you can get $15 for your check card and $2 per pad of checks, up to $10.

The Free Checking account has no minimum balance requirement, and no charge for using your check card. You only need to make a $100 deposit to open the account.

The interest you earn on the other accounts may vary by your location. The community bank ( has 31 branches in Washington, Oregon and Hawaii.

If you’re in Seattle, a Deluxe Checking account pays 0.20% APY and there are no fees if you have direct deposit or keep at least $500 in your account. You need $100 to open an account.

The rates paid on a Premier Checking account vary based on your balance.

It takes $2,500 to open an account, and there are no fees if you keep at least that much in your account. Balances up to $2,499 earn 0.20% APY. Balances of $2,500 to $9,999 earn 0.35% APY, and balances above that amount earn 0.45% APY.

There’s even a special offer for those who don’t have a checking account. The Bank On checking account only requires a $50 minimum deposit to open and has no minimum balance requirements, monthly service charges or debit card charges.

If you open a Bank On account, complete a certified financial education course and keep a positive balance in your account for at least three months, HomeStreet will give you $100.

You must stop by a branch to open any of the checking accounts.

Don't miss out on the next bank deal. Get the newest deals delivered straight to your inbox!

Comments (2)
1 Star2 Stars3 Stars4 Stars5 Stars (4 votes, average: 4.25 out of 5)
2 Existing Comments
  1. Kathy at Bankaholic said:
    on December 28th at 09:02 am

    This deal is still offered.

  2. Kathy at Bankaholic said:
    on January 9th at 09:40 am

    You can still get this deal.