Bank Novo $300 Business Checking Bonus
The Offer: $300 bonus for opening a new Bank Novo business checking account and completing requirements. Shows “Limited Time Offer”, with no set expiration date.
Eligibility:Â
- Nationwide.
Step 1: Open a new Novo Business Checking account using the promotional offer page. Link added below.
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Step 2: Deposit a total of $5,000 or more in new money within 30 days of account opening. Once balance first reaches $5,000, maintain that minimum balance of $5,000 for 90 consecutive days.Â
Step 3: A $300 bonus will be deposited to your account within 30 days after completing requirements. To receive this offer, your account must be active and unrestricted at the time of bonus payout.
Summary & Links
The Good:
-No DD requirements.
-No MSF.
-A very good comparable APY return on funds held.
-Nationwide offer.
The Bad:
-Requires a minimum balance of $5,000 for 90 days.
Overall: I ran the numbers on this to check the comparable APY return on the $5,000 held for 90 days. The $300 bonus provides a 24% comparable APY return on the $5000 deposit. Worth doing since the top savings accounts are offering around 4% to 4.5% APY at the moment.
Link to the Bank Novo offer page: Bank Novo $300 Bonus.
Link to our Data Points page: Data Points.
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