Should You Open a New Bank Account for a Cash Bonus? Do the Math First

Published: July 25, 2024, 7:01 a.m.

After years of paying nearly zero-percent interest, many banks are offering cash and attractive savings rates for consumers to open new accounts. Wall Street Journal personal-finance reporter Imani Moise joins host J.R. Whalen to discuss what\u2019s in the fine print that could cause you to think twice about moving your money.\n\n\n\nSign up for the WSJ's free Markets A.M. newsletter.\xa0\n\nLearn more about your ad choices. Visit megaphone.fm/adchoices