Bank Accounts That Earn Money. Best 2020 Checking Accounts

It is no secret that interest rates have been hovering near record lows for decades now, and while that may be good news for borrowers, it is terrible news for savers. If you are tired of rock bottom returns on your checking accounts, you will need to get a bit creative. Interest rates may be low, but that does not mean you cannot make money on your spare cash. Checking account bonuses can give you an extra $100, $200 or even $400 to work with, so you can sit back and relax while you earn a stellar return on your funds. Here are some of the best checking account bonuses available right now.

Santandar Bank
How would you like to make a quick $225? If the prospect of free cash in your checking account appeals to you, this Santandar Bank promotion could be the perfect solution to your financial problems. Santandar is currently offering a bonus of $225 on its popular Simply Right checking account, and if you meet the qualifications the free cash could be yours.

To qualify for the promotion you will need to set up a direct deposit and have funds totaling $1,000 or more post to the account during the first 90 days. If you have a job and a steady paycheck, the Santandar Simply Right Checking account offer could be the one for you.

Wells Fargo
Wells Fargo is one of the oldest banks in the country, but it has suffered its fair share of bad publicity lately. That may be why Wells Fargo is going above and beyond to win back skeptical customers, and you can be the well paid beneficiary.

New customers who sign up for an eligible checking account could earn up to $400 for their trouble, an excellent bonus on your spare cash or a good way to beef up your savings. In order to qualify customers will need to set up a direct deposit and maintain it for three months. After these criteria are met, checking account holders are eligible to receive a cool $400 in bonus cash.

M&T Bank
If you want to earn an extra $250 on your cash, M&T Bank is here to help. The popular regional bank is currently offering a generous $250 bonus offer on qualifying checking accounts, giving customers a head start on their bills and a quick way to earn more on their money.

This offer also requires a qualifying direct deposit, but customers only need to deposit $500 from their paychecks to their new M&T checking accounts. Customers have up to 90 days to establish their direct deposits and have the funds transferred, and once those requirements are met the $250 bonus should be deposited quickly.

Large money center banks are not always known for their generosity, but Citibank is a notable exception. This large multinational financial institution is currently offering an attractive $200 bonus on its checking accounts, and you can cash in on the free money.

The $200 bonus cash offer is certainly an excellent enticement, but there are other benefits to opening an account with a leader like Citibank. Their large network of ATMs makes accessing your cash easy, and the bank offers other financial products as well, including credit cards, business accounts and more.

If you have a lot of cash in your checking account, moving it to HSBC could earn you an extra $450 on your money. This offer may not be right for everyone, but for those who can maintain a high balance this offer is hard to beat.

To qualify you will need to be a new customer, and you will have to deposit at least $5,000 to get started. Eligible customers should see their extra $450 within a couple of months, a serious return on their investment.

Competition is fiercer than ever among banks and other financial institutions, and that is good news for consumers and their money. If you have some extra cash and want to put it to work, opening up one of these bonus-offering checking accounts is a great place to start. You work hard for your money, and now is the time for your money to return the favor.