Find an updated list of BayFirst National Bank promotions, bonuses and offers here. Formerly known as First Home Bank, they have many Checking and Savings account bonuses.
Currently, they have a $500 checking and savings bonus after meeting certain requirements.
About BayFirst National Bank Promotions
Headquartered in Saint Petersburg, BayFirst National Bank is the 32nd largest bank in the state of Florida and the 1,088th largest bank in the nation. Established in 1999, it has grown to 581 employees at 7 locations.
I’ll review the BayFirst National Bank offers below.
BayFirst $500 Checking & Savings Bonuses
BayFirst National Bank is offering $500 when you open a new checking account and savings account, then meet certain requirements. Please note that accounts can be opened online.
- What you’ll get: $500 Account Bonuses
- Account Type: Checking and Savings
- Availability: FL, Bank Locator
- Direct Deposit Requirement: Yes (see what works)
- Credit Inquiry: Soft Pull
- ChexSystems: Unknown
- Credit Card Funding: Up to $1,500
- Monthly Fees: None
- Early Termination Fee: Unknown
- Household Limit: None listed
(Expires 03/16/2024)
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Chase Private Client ($3,000 Bonus) | Fifth Third Bank Preferred Checking ($400 bonus) |
HSBC Premier Checking (Up to $2,500 Cash Bonus), |
How To Earn Bonus
- To qualify for the $400 bonus, you must be a new BayFirst checking customer and qualified to open a checking account in accordance with our normal standards.
- You must establish direct deposit to your new account.
- Your account must remain open in order to receive the $400 bonus.
- At the end of each monthly statement cycle a deposit match of $100 will be deposited for up to 4 monthly statement cycles, totaling up to $400.
- Each monthly direct deposit must equal $100 or more to qualify for the monthly bonus match.
- To qualify for the $400 bonus, you must be a new BayFirst checking customer and qualified to open a checking account in accordance with our normal standards. You must establish direct deposit to your new account. Your account must remain open in order to receive the $400 bonus. At the end of each monthly statement cycle a deposit match of $100 will be deposited for up to 4 monthly statement cycles, totaling up to $400. Each monthly direct deposit must equal $100 or more to qualify for the monthly bonus match. This offer cannot be combined with any other offers or coupons, may change at any time, and may be withdrawn at any time. This offer applies to simply free checking accounts only. There is a $100 minimum to open and no minimum balance required. The $400 bonus will be reported to the IRS in accordance with applicable law. This is not an interest-bearing account. Offer not available for BayLive Checking Accounts. Offer expires 03/16/2024.
BayFirst $150 Kids Savings Bonus *No Direct Deposit Required*
- What you’ll get: $150 Bonus
- Account Type: Cash Kids Club Savings
- Availability: FL (Bank Locator)
- Direct Deposit Requirement: No
- Credit Inquiry: Soft Pull
- ChexSystems: Unknown
- Credit Card Funding: Up to $1,500
- Monthly Fees: None
- Early Termination Fee: Unknown
- Household Limit: None listed
(Expires 03/16/2024)
Western Alliance Bank High-Yield Savings Premier (4.81% APY) | SoFi Checking & Savings ($325 Bonus + 4.30% APY) |
Upgrade Premier Savings ($200 Bonus + 5.21% APY) | CloudBank 24/7 High Yield Savings (4.65% APY) |
CIT Bank Platinum Savings (4.70% APY) | Harborstone Credit Union Money Market (5.25% APY) |
How To Earn Bonus
- To qualify for the $150 Cash Kids Club bonus, You must be new BayFirst customer and qualified to open an account.
- BayFirst will match and pay up to $25 for deposits made per statement cycle for the first six statement cycles.
- To receive bonus payment, account must be open at least until bonus payment is credited to the account.
- Payment will be made each statement cycle.
- Cash Kids Club: To qualify for the $150 bonus, you must be a new BayFirst savings customer and qualified to open a savings account in accordance with our normal standards.
- Account must remain open to receive the $150 bonus.
- At the end of each monthly statement cycle a deposit match of up to $25 will be deposited for up to 6 monthly statement cycles, totaling up to $150.
- Each monthly deposit, auto transfer, or direct deposit must equal $25 or more to qualify for the monthly bonus match. This offer cannot be combined with any other offers or coupons, may change or be withdrawn at any time. This offer applies to Cash Kids’ Savings accounts only.
- Cash Kids Club Savings is a tiered, interest-bearing savings account.
- The interest rate and corresponding annual percentage yield (APY) are tiered. If the daily balance in the account is $500.00 or less, the interest rate paid on the entire balance will be 4.92% with an APY of 5.04%. An interest rate of 2.97% will be applied on daily balances between $501.00 and $3,000, the APY for this tier will range from 5.04% to 3.35% depending on the balance in the account.
- An interest rate of 1.73% will be applied on daily balances above $3,000, the APY for this tier will range from 3.35% to 1.75%, depending on the balance in the account.
- Interest rate is effective as of 01/09/24.
- Rates are variable and are subject to change at the bank’s discretion.
- Rates are calculated on a daily balance method. Fees may reduce earnings. No minimum balance requirement. Minimum to open is $10.00.
- Limited to one Cash Kids Club Savings account per child. You may make six (6) withdrawals/transfers from your account each month, by pre-authorized or automatic transfer, or telephone (including data transmission) agreement, order or instruction.
- Transfers and withdrawals made in person, by mail, or at an ATM are unlimited.
- The methods of account access vary by product type, and certain account access methods may not be available with all products.
- At the age of thirteen (13), the account will be converted to a Statement Savings account.
- Offer expires 03/16/2024.
How To Waive Monthly Fees
- Simply Free: None
- Advantage Interest: $10 monthly fee, waivable by keeping your minimum balance above $2,500.
- TrendSetters: None
- Essential: $1.95 monthly fee
- Free Business: None
- NOW Business Interest: $15 monthly fee
- Commercial Interest: $15 monthly fee, waived with a balance of $25,000
- Classic Business: $15 monthly fee
Bottom Line
If you are looking to switch to this Bank, then be sure to read all the fine print and follow the bonus requirements. However, there are definitely better offers out there so feel free to check out more here on HustlerMoneyBlog!
Additionally, comment below if you have experience with this bank! Please provide your feedback, as they make our sites better!
CDs and Savings Accounts are another great way to earn and save money. However, this bank doesn’t offer the best rates. Click the links to see the full list of the best Bank Rates and CD Rates to get the best deal for you!
*Compare BayFirst National Bank Promotions with other bank bonuses from banks like Citi, Huntington, HSBC, Chase, TD, Discover Bank, Aspiration, Axos Bank, PNC Bank, BMO Harris, SoFi, Fifth Third Bank, Bank of America, Wells Fargo, US Bank, and more!*
* Check back at this page for more Bayfirst National Bank promotions, bonuses and offers.