5 Accounts that Could Turn Your Direct Deposit into Even More Money

SAVING & SPENDING
Last updated Dec. 23, 2024 | By FinanceBuzz Editors
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Do you receive direct deposit payments from your employer? If you do — and you aren’t using one of these accounts — you could be missing out on $100s or even $1,000s of basically free money every year.

Some of the accounts below offer various methods of growing your wealth if you receive your paycheck via direct deposit, and some of them even offer large cash bonuses and other benefits — like up to $400 cash bonuses or APYs up to 5.00% or higher!

Check out the options below and stop missing out on basically free money!

Earn a $400 bonus with this checking account

We hate to tell you this, really. But if you aren’t banking with Truist Bank, you’re missing out on extra cash. Don’t worry though … it’s easy to fix.

New checking clients can earn a $400 bonus when you open a new Truist One Checking account online between October 31, 2024 and April 30, 2025 using promo code AFL2425TR1400. Terms apply.1

To earn the $400 bonus, your account needs to receive at least 2 qualifying direct deposits totaling $1,000 or more within 120 days of account opening.

This is practically passive income and a great way to supercharge your earnings.

Plus, you can enjoy other benefits like no overdraft fee, a $100 negative balance buffer,2 and automatic upgrades for access to growing perks.

Open your new Truist One Checking account here

Turn your savings into passive income

Public is a powerful investing app that lets you earn 5.30% yield3 on your cash with treasury bill investments, which can help you avoid the volatility of the stock market.

Treasury Bills power your money by unlocking rates most banks can’t provide … offering you a rare 5.30% yield on your cash.

To get started, download the app and create your account.

When you deposit your money into a Public account, you’ll get access to purchasing U.S. government debt obligations that are backed by the Treasury Department, which historically have low risk and stable returns. There are no state or local taxes to pay, and you can sell your Treasury Bills at any time. There is no minimum to open your account, and you can purchase Treasury bills in increments of $100.

Public offers a user-friendly and accessible platform that makes it easy to start investing in Treasury Bills, which can help you earn more on your cash and reach your financial goals.

Start earning on your cash today with Public

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Discover® Cashback Debit Benefits

  • Earn 1% cash back on up to $3,000 in debit card purchases each month4
  • No minimum deposit, no minimum balance, and no account fees
  • Easily switch direct deposit via the Discover mobile app or online for Early Pay (get your paycheck up to 2 days early!)
  • 60K+ fee-free ATMs and make cash deposits at Walmart stores nationwide
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