8 Savvy Moves When You Have $1,000 In The Bank

SAVING & SPENDING
Keeping one thousand dollars or more in your checking account means you're missing out.
Last updated April 9, 2024 | By FinanceBuzz Editors
$1,000 in Checking Account

We receive compensation from the products and services mentioned in this story, but the opinions are the author's own. Compensation may impact where offers appear. We have not included all available products or offers. Learn more about how we make money and our editorial policies.

Warren Buffet said it best “If you don’t find a way to make money while you sleep, you will work until you die.”

Are you ready to make your money work for you?

Having $1,000 in the bank might not seem like a fortune, but it’s a solid starting point to grow your wealth and achieve financial freedom. In this article, we’ll share clever moves that will help you maximize the potential of your hard-earned savings. Whether you’re new to personal finance or a seasoned pro, these strategies are designed to help you make the most of your money, mitigate risks, and set you on the path towards a more prosperous future.

Let’s dive into these savvy techniques to turn your $1,000 into something even more substantial!

Earn cash back on everyday purchases with this rare account

Want to earn cash back on your everyday purchases without using a credit card? With the Discover®️ Cashback Debit Checking account (member FDIC), you can earn 1% cash back on up to $3,000 in debit card purchases each month!1

With no credit check to apply and no monthly fees to worry about, you can earn nearly passive income on purchases you’re making anyway — up to an extra $360 a year!

This rare checking account has other great perks too, like access to your paycheck up to 2 days early with Early Pay, no minimum deposit or monthly balance requirements, over 60K fee-free ATMs, and the ability to add cash to your account at Walmart stores nationwide.

Don’t leave money on the table — it only takes minutes to apply and it won’t impact your credit score.

Apply for a Discover Cashback Checking account today

Earn a $200 cash back bonus with this incredible card

There's a credit card that's making waves with its amazing bonus and benefits. The Citi Custom Cash® Card has no annual fee, plus — Earn $200 in cash back after you spend $1500 on purchases in the first 6 months of account opening. This bonus offer will be fulfilled as 20,000 ThankYou® points, which can be redeemed for $200 cash back.

You can earn cash back just by using this card for your everyday purchases — 5% cash back in your top eligible spending category each billing cycle (up to the first $500 spent, then 1% cash back), plus unlimited 1% cash back on all other purchases.

The Citi Custom Cash® Card also offers an intro APR of 0% for 15 months on purchases and balance transfers (then 19.24% - 29.24% (Variable)). Which is great for someone who wants pay down debt, while still earning rewards.

If you want cash back, the Custom Cash card can help put more back in your wallet.

The best part? There's no annual fee with the Citi Custom Cash® Card(Rates and fees).

Click here to apply here for the Citi Custom Cash® Card

Pay no interest until 2025

Imagine getting an introductory 15 months with 0% interest on a big purchase or balance transfer (APR then 17.24% - 28.24% Variable). Sounds great — right? You could dramatically change your financial picture with one of the industry-leading no-interest cards — the Discover it® Cash Back(Rates and fees).

Cardholders get a generous intro APR of 0% for 15 months on purchases — that means you can cover bills, large purchases, or whatever you need to charge and not pay interest until 2025! 

If you want to kick high-interest credit card debt to the curb, this is one of the leading get-out-of-debt cards available. Transfer your high interest debt to this card with a 0% intro APR for 15 months on balance transfers. Your payments can go directly to paying down your balance without incurring a pile of additional charges. That could save you hundreds of dollars in interest!

The best part? The Discover it® Cash Back card is accepted by 99% of merchants, boasts an exceptional cash back rewards rate, and there's no annual fee.

Click here to Apply Now

Grow your money faster with a 5.26% APY with this online savings account

You’ve been with the same bank for years, and how do they reward your loyalty? With a laughably small interest rate on your savings.

And you’re not alone. The national average interest rate for savings accounts is just 0.47% (as of Feb. 8, 2024) APY (annual percentage yield)2, according to the FDIC. But there’s a way you could grow your wealth faster, and it doesn’t involve the volatility of the stock market.

Open a CloudBank 24/7 Savings Account and you can earn an impressive 5.26% APY3 on your account balance. That means you can sit back and watch your savings multiply without the stress of market fluctuations.

There are no fees, and you can withdraw your money whenever you need it. Plus, FDIC insurance through Third Coast Bank SSB and top-notch cybersecurity measures will help protect your data and keep your funds safe and secure.

Open an account in just a few minutes so you can start harnessing the power of this high-yield savings account right away.

Click here to open a CloudBank 24/7 online savings account

Cancel your car insurance

We've got bad news. You could be wasting $500 every year on overpriced, second-rate car insurance. And you should probably cancel your existing insurance right now, because there's something much better.

This new tool from FinanceBuzz can tell you if you're overpaying for your car insurance in just a few clicks. We match drivers with companies that report saving drivers up to $500 or more per year when they save! Each driver’s savings will vary by driving history and how many discounts you’re eligible for. And once you try it out, you'll never have to look for affordable insurance again because we find you the lowest rates that other companies can't match.

Oh, and it's also free. And come on — you can't tell us you don't want to save up to $500. To find out if you're losing up to $500 or more a year, just enter your zip code here, answer a few questions and see if you're overpaying. It takes less than 2 minutes.

See if you're overpaying

Earn a $250 travel bonus with this incredible card

There's a credit card that's making waves with its amazing bonus and benefits. The Bank of America® Travel Rewards credit card has no annual fee and you can earn 25,000 bonus points after spending $1,000 in purchases in the first 90 days of account opening.

You can earn additional points just by using this card for your everyday purchases — unlimited 1.5 points per $1 spent on all purchases. The 25,000 bonus points can be redeemed for a $250 statement credit toward travel or dining purchases.

If you want to travel and dine out more, the Travel Rewards card can help you get where you want to go.

The best part? There's no annual fee.

Click here to apply now.

Earn the Most in the Category You Spend the Most

4.7

Citi Custom Cash® Card

Current Offer

Earn $200 in cash back after you spend $1500 on purchases in the first 6 months of account opening. This bonus offer will be fulfilled as 20,000 ThankYou® points, which can be redeemed for $200 cash back

Annual Fee

$0

Rewards Rate

5% cash back in your top eligible spending category each billing cycle (up to the first $500 spent, then 1% cash back), plus unlimited 1% cash back on all other purchases

Benefits and Drawbacks
Card Details

Want to learn how to make an extra $200?

Get proven ways to earn extra cash from your phone, computer, & more with Extra.

You will receive emails from FinanceBuzz.com. Unsubscribe at any time. Privacy Policy

  • Vetted side hustles
  • Exclusive offers to save money daily
  • Expert tips to help manage and escape debt