You might not have seen it coming, but 2016 is right around the corner. If you want to kick off the new year with a financial boost, I’ve got a really simple way to save: Start a separate bank account, and don’t touch the money until after January 1.
Check your budget to see what you can spare to save, then designate part of your paycheck to automatically go into the account.
Set it, forget it and don’t touch that account until you roll out of bed sometime in the afternoon of New Year’s Day.
With that money directed into a special account where you don’t see it, it’s easy to avoid the temptation to spend it on other things.
How to Get $150 When You Open a New Checking Account With Santander
If you’re a new customer, Santander Bank will give you $150 for opening a new checking account. Use this account to hold your savings, and you can start the New Year with free cash!
The offer works for Basic, Classic and Premium checking accounts, which offer a variety of options to fit your needs.
Here’s how the deal works:
1. Open an eligible new Santander checking account with a minimum deposit of $25. Just click on the orange “Open Account” button below. (if you prefer, they’ll send you a coupon code to open your account in person at a local branch.)
2. Have direct deposits totaling $500 or more within the first 90 days.
3. Keep your account open for at least 90 days.
4. Once you meet these conditions, your $150 will be paid within 30 days.
Start Your 2016 Savings Fund Now
Open your new checking account with $25 today. Direct deposit at least $500 into it over the next 90 days and tap into it to kickstart 2016 — invest it, start a side hustle, buy something you’ve been waiting for or just use the money to replenish funds drained from holiday expenses.
Then, just as you’re enjoying the spoils of that $500 you’ve saved, Santander will give you a $150 bonus within the month.
Not a bad way to start the New Year.
This deal is good until December 31. But if you want to start saving for 2016, I think you should get started today.
Your Turn: Do you use a separate bank account to avoid temptation and save money?
Disclosure: Some of the links in this post are affiliate links. We would have shared them with you anyway, but a true “penny hoarder” would be a fool not to take the company’s money.
The post If You Save For 90 Days This Bank Will Give You $150 appeared first on The Penny Hoarder.
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