Ameriprise is dangling a bonus of up to $300 for existing clients, but let's break down if it's a deal or a dud. You can snag $200 by depositing at least $35,000 of new money into a new or existing Ameriprise Bank Savings Account and maintaining that balance through April 30, 2026. Plus, there's an extra $50 up for grabs if you set up direct deposits of $500 or more per month by the end of 2025, and keep them going for at least five months. You get another $50 for doing both.

So, what's the catch? Well, your money is tied up for a while (think over 150 days). The account earns a decent APY (around 3.1%), but the Doctor of Credit points out that parking your cash in a higher-yield account (like one earning 5%) would actually net you more in the long run, even without the bonus. This offer is an easy pass, especially when there are better bank account bonuses out there.