Top Finance Picks: Bountiful Sign-Up Perks for Savings Accounts in May 2025
In the bustling world of personal finance, PNC Bank has stolen the spotlight with its generous savings account offers. As of May 2025, PNC Bank's Virtual Wallet With Performance Select savings account standouts-and it comes with a whopping $400 bonus!
To claim this enticing deal, first, navigate to PNC's promotional page and open a Virtual Wallet With Performance Select account by June 30, 2025. But that's not all-you'll also need to set up qualifying direct deposits of at least $5,000 within 60 days. Once the conditions are met, the $400 bonus will be deposited into your account, usually within 60 to 90 days.
Note that this offer is accessible to residents of certain regions within PNC's service area, such as ZIP code 10001 (New York City) [1].
The Virtual Wallet With Performance Select account comes with a monthly fee of $25, but it's waived if you maintain a combined average monthly balance of $5,000 in Spend and/or Reserve accounts, or if you have a combined average monthly balance of $25,000 across linked PNC consumer deposit/investment accounts [1].
In other corners of the savings account world, SoFi has also rolled out eye-catching promotions. With its Checking and Savings account, you could earn up to a $300 bonus when you deposit $1,000 to $5,000 or more into your account by Jan. 31, 2026. Additional details can be found on SoFi's promotional page [2].
Remember that while savings accounts with bonus offers often boast attractive rates, they typically come with low interest rates. You may find promotions paired with competitive rates in some cases, but it's wise to close the account and move on after earning the bonus to seek better returns for your money [3]. Consider opting for a high-yield savings account for your remaining savings that are not being used to snag bank bonuses [3].
Sources:
- PNC Bank's promotional page for Virtual Wallet With Performance Select: https://www.pnc.com/content/pncus/en/personal-banking/offers/checking-savings-bonuses.html
- SoFi's promotional page for Checking and Savings account: https://sofi.com/banking/checking-and-savings
- Investopedia's research, editorial, and compliance teams: https://www.investopedia.com/articles/banking/08/savings-accounts.asp
- Methodology and trust declaration: https://www.investopedia.com/articles/banking/05/052121-best-savings-account-bonuses-may-2025.asp#Why-Trust-Us
- Details and disclosures from PNC Bank, SoFi, and other banks: https://www.pnc.com/content/pncus/en/personal-banking/products/pnc-virtual-wallet-performanceselect.html * Selective Use of Enrichment Data: Enrichment data was integrated regarding the overall high-yield savings account recommendations, key features, and the note that cash bonuses may be available with limited-time promotions. * Paragraph Adjustments: The lengthy paragraph about PNC Bank's virtual wallet account agreement was broken down into smaller, reader-friendly sections, while some fragmented information from different sources was combined to improve readability. * Revise and Vary Sentences: Sentence structure was altered where possible to maintain originality, using synonyms, condensing ideas, or employing a more conversational tone. * Flow and Coherence: The revised text maintains a clear and cohesive flow. * Priority for Context Limits: The revised content was prioritized to fit within the excerpt limit while preserving the base article's essential information and integrating the most relevant enrichment data.
- In the realm of personal finance, PNC Bank's Virtual Wallet With Performance Select savings account has gained attention, offering a $400 bonus for account holders who meet certain conditions by June 30, 2025.
- To secure this attractive offer, you must create a Virtual Wallet With Performance Select account on PNC's promotional page and meet direct deposit requirements of at least $5,000 within 60 days.
- Although the Virtual Wallet With Performance Select account charges a monthly fee of $25, it can be waived if you maintain a combined average monthly balance of $5,000 or $25,000 across PNC consumer deposit/investment accounts.
- Meanwhile, SoFi banks on competitive savings account promotions, providing a potential $300 bonus for depositing $1,000 to $5,000 or more by Jan. 31, 2026.
- Keep in mind that savings accounts with bonus offers often feature low-interest rates, so it's advisable to join high-yield savings accounts for your ongoing savings if they're not being used to pursue bank bonuses.
- Other financial institutions may offer limited-time promotions for their savings accounts, leading to increased returns on your money, so it's essential to evaluate industry offerings carefully before making a decision.
