[IL] Liberty Bank For Savings $350 Checking + $250 Savings + $300 When You Do Both

Offer at a glance

• Maximum bonus amount: $900
• Availability: IL
• Direct deposit required: Yes two deposits, no minimum specified
• Additional requirements: Yes, two online bill payments, no minimum specified
• Hard/soft pull: Soft
• Credit card funding: Unknown
• Monthly fees: None 
• Early account termination fee: None 
• Household limit: One
• Expiration date: None listed

The Offer

Direct link to offer

• Liberty Bank For Savings is offering a checking & savings bonus of up to $900:
  • Get a $350 bonus when you open a new personal checking account (excluding Jumbo checking) and receive 2 recurring monthly direct deposits of $500+ within 90 days
  • Get a $250 bonus when you open a statement or passbook within $15,000 in new money (not from another Liberty account). Keep at least $15,000 there for 180 days
  • Get an extra $300 when you do both

The Fine Print

• Liberty Bank for Savings reserves the right to discontinue these products or offers at any time. Only one (1) Checking & Savings offer per household regardless of the number of accounts opened. Checking & Savings offers cannot be combined with other offers. Offers apply to accounts used for personal purposes only. Offers are not available to those under 18 years of age, Liberty Bank employees and their immediate families. If either account is closed by the customer or by Liberty within 90 days of account opening, a $40 fee will apply. The bonuses paid may constitute income under Internal Revenue Service (IRS) regulations and will be properly reported. The annual percentage yield (APY) will vary depending on the savings or checking account selected. Rates may change at any time and fees could reduce the earnings on the account.
• $350 Checking Bonus: Offer not applicable to existing Liberty Bank checking customers or Jumbo Checking. Bonus will be credited to the customer’s new Checking account within 30 days after they receive two (2) recurring monthly ACH direct deposit credits (payroll or government benefits) of $500+ each to this account within 90 days after account opening. If the bonus has been applied and the account is closed within 180 days of account opening, the amount of the bonus will be deducted at closing. An example of interest and tiers for an interest-bearing checking account is as follows, as of 10/27/26 Affinity Checking pays an APY of 0.01% for $1,000-$4,999.99, 0.25% for $5,000 and up.
• $250 Savings Bonus: Existing Liberty Bank savings customers are eligible. Bonus will be credited to the customer’s new Statement Savings Account within 30 days after they open a new savings account with $15,000 of new money (check cannot be drawn from a Liberty account) and maintain a balance of $15,000 or more for 180 days. An example of interest and tiers for an interest-bearing savings account is as follows, as of 10/27/26 our Statement Savings accounts is paying an APY of 0.10% for $500-$4,999.99, 0.20% for $5,000-$49,999.99, 0.30% for $50,000-$249,999.99 and 0.40% for $250,000 and up.
• $300 Relationship Bonus: To qualify, the new checking and savings accounts must be opened at the same time. The additional $300 bonus will be credited to the customer’s new savings account within 30 days after all requirements for both the checking and savings bonuses have been met.

• All bank account bonuses are treated as income/interest and as such you have to pay taxes on them

Avoiding Fees

Monthly Fees

This account has no monthly fee. 

Early Account Termination Fee

There is an early account termination fee of $50 if you cancel the account within 90 days of account opening

Our Verdict

Savings account earns 0.2%, the $250 savings bonus and $300 bonus make it an annualized return of 14.5%.

Hat tip to reader snailrock

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