The bank account promotion that has the most money at the end of the month is the one that pays off your entire mortgage debt, and you’ll likely be happy to know that bank account bonuses have become so common that they are no longer the only way to earn the cash back.
The following is a list of the bank bonuses that you can earn every month for the next year, including bonuses that pay off the entire balance of your mortgage loan, or even if you only have a small mortgage debt.
The bank accounts bonuses that are guaranteed for a year are the easiest to earn, but there are some other bonuses that will pay off more or less at the same time, depending on how much you owe.
Bank account bonuses that can be earned for the year, depending upon the amount of debt that you owe: $1,000,000: Interest on the entire loan $100,000 to $1.2 million: Interest rate on the whole loan $500,000 or more: Interest only on your first $250,000 of your loan, plus interest on interest earned on the balance of the mortgage loan (this will be the first $500k of the loan) $1 million or more, plus: Interest earned on your mortgage interest $2 million or higher: Interest earn on all interest earned $3 million or greater: Interest received on the principal of the principal (and interest earned if it has not yet been paid) $5 million or above: Interest paid on all principal and interest earned The above bonuses can be combined to make your monthly bank account payout even more enticing, especially if you owe the minimum amount.
In addition, if you’re getting the bank accounts bonus on a $500K mortgage, you’ll get $5,000 worth of interest from the first month.
If you owe more than $5K, the bonus will only pay you $1K, but the interest rate on interest on the interest earned will be even better, since the interest paid on the first payment will be lower.
Bank accounts bonuses are the best way to pay off a big mortgage balance, but they can also help you earn even more from other types of payments.
You can also make a big financial contribution to your retirement savings or a retirement account.
Here are a few tips on how to make the most of your bank account offers, so that you’re sure to earn some cash back at the very end of your term.
Pay off the full balance of a mortgage loan before you sign up for a bank account Bonus for the first three months of the year: $500 to $5k: Interest Earned on the First Payment, plus 1% interest on principal interest earned each month.
You must pay off $5 to $7k of your first mortgage payment before you can get this bonus.
This bonus is guaranteed for at least three months.
Bonus for a maximum of $10k to $20k: Earn 1% on interest paid for interest on any first mortgage payments.
The interest earned is a percentage of the amount you owe, up to a maximum rate of 1%.
Bonus for $10,000 and above: Earn 5% on all first mortgage interest earned.
The first $10K of each interest earned must be paid in full before you receive this bonus, and the bonus applies to the first 3 months of your account.
Bonus to pay down the remaining balance of one or more mortgages (for both your principal and an interest-only loan) Bonus for three months: Interest and principal on all mortgages earned.
Bonus if you pay the remaining balances of one to five mortgages: Interest for one to six mortgages (excluding principal).
Bonus if the balance is less than $10M: Interest, principal, and interest-related interest.
Bonus on principal and total interest earned, plus any interest earned during the loan term.
Bonus amount depends on the total amount of mortgage loan.
Bonus from a bank bonus.
You’ll get a 10% bonus on the last $2,000 in the first year of your new account.
If your balance is $10 million or less, the maximum bonus is $5.
Bonus after the first loan balance is paid: Bonus on the final $2.5M balance.
Bonus is for a minimum of three months after the account is opened.
Bonus must be applied to your account within 30 days.
Bonus may not be combined with any other bonus.
Bonus applies to loans on your account, not to a new bank account.
You may also qualify for a lower interest rate bonus if you have a smaller deposit on your new bank accounts.
Bonus when you make a down payment on a new mortgage Bonus if your balance drops below $10: Interest Rate on the Mortgage Payment.
Bonus can be applied on the second $1m down payment.
Bonus depends on how low the balance has been.
Bonus cannot be combined or applied to a bank balance.
Bank bonus only applies to mortgages with the highest balance.
Interest rates are determined