Bounty
Worth it?

Equity Bank Simply Free Checking bonus: is $200 worth it?

What it adds over what your cash earns now, tier by tier. Change the rate to yours.

+$200: more than leaving it at 4.15%
With the bonus73000%
Leave it where it is4.15%

Yearly rate on $100 while it's there, bonus included.

The math

Compared with leaving $100 at 4.15%

Bonus
+$200
Interest while it's there
No interest assumed
$0
What it'd earn at home
$100 at 4.15% for 1 day
$0
Extra
+$200
Works out to 73000% a year on that cash, vs 4.15% at home.

Deposit $100 in new money within 1 day · Make 15 debit card purchases within 45 days. Terms checked Oct 9, 2026.

See every bonus ranked like this for you

About this bonus

What it takes

  1. 1Deposit $100 in new money within 1 day
  2. 2Make 15 debit card purchases within 45 days
Ends
Jun 30, 2028
Where
5 states: KS, MO, AR, OK, NE
Monthly fee
None
Closing early
$25 within 90 days
Cash stays
About 1 day
Bonus paid
Usually within 45 days of finishing
Terms checked Oct 9, 2026The bank's offer pageFound via Doctor of Credit

Similar bonuses

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Questions

Is the Equity Bank Simply Free Checking bonus worth it?

At 4.15%, about what T-bills or a money market fund pay (as of Oct 12, 2026), the $100 tier adds +$200: the $200 bonus, minus the $0 that cash would have earned in 1 day. At a different rate the answer changes; the calculator on this page works it out for yours.

What are the requirements?

Deposit $100 in new money within 1 day; make 15 debit card purchases within 45 days. Open to residents of KS, MO, AR, OK, NE.

When does it end?

The offer ends Jun 30, 2028. The terms were last checked Oct 9, 2026.