Santander Bank Simply Right bonus: is $500 worth it?
What it adds over what your cash earns now, tier by tier. Change the rate to yours.
With $5,000 for 90 days, the tier that adds the most.
Yearly rate on $5,000 while it's there, bonus included.
Every tier
A smaller tier often wins: less cash away from what it earns now.
- +$280$2,000$300 bonus · 90 days
- +$449$5,000Best for you$500 bonus · 90 days
The math
Compared with leaving $5k at 4.15%
Set up a direct deposit within 90 days · Average $5,000 from day 1 to day 90. Terms checked Oct 9, 2026.
About this bonus
What it takes
- 1Set up a direct deposit within 90 days
- 2Average $5,000 from day 1 to day 90
- Ends
- Dec 18, 2026
- Where
- 9 states: NH, MA, RI, CT, DE, NY, NJ, PA, FL
- Pays while it's there
- 0.03% a year
- Monthly fee
- None
- Closing early
- $25 within 90 days
- Cash stays
- About 90 days
- Bonus paid
- Usually within 30 days of finishing
- Credit check
- A ChexSystems inquiry (not your credit score)
Similar bonuses
The same kind of account, ranked by what each adds at 4.15%.
Questions
Is the Santander Bank Simply Right bonus worth it?
At 4.15%, about what T-bills or a money market fund pay (as of Oct 12, 2026), the $5,000 tier adds +$449: the $500 bonus, minus the $51 that cash would have earned in 90 days. The $2,000 tier adds +$280. At a different rate the answer changes; the calculator on this page works it out for yours.
What are the requirements?
Set up a direct deposit within 90 days; average $5,000 from day 1 to day 90. Open to residents of NH, MA, RI, CT, DE, NY, NJ, PA, FL.
When does it end?
The offer ends Dec 18, 2026. The terms were last checked Oct 9, 2026.