Columbia Bank IRA $600 Bonus Review

For residents in New Jersey, Columbia Bank IRA  is offering a up to a $600 bonus when open a IRA Checking checking and deposit $100,000. Although the minimum deposit requirement is $10,000, to earn the $600 bonus you must deposit $100,000 due to the 6% bonus they provide. According to the flyer, the 6-year IRA CD will earn you 2.15%. Columbia Bank IRA checking account also includes many great benefits like, no monthly fee debit card and online banking, online banking, mobile banking, personal banking, and more! To earn the $600 bonus follow the steps below! Don’t forget you can earn a $300 bonus with Chase Premier Checking!

How To Earn Columbia Bank IRA $200 Bonus:

1. Open a qualifying Columbia Bank IRA Bank Checking account.
2. Make a deposit of $100,000. (For full $600 bonus)

Columbia Bank IRA Promotion Summary:

• Direct Bonus Link
  
• Account Type: IRA
• Maximum Bonus: $600
• Availability: New Jersey
• Expiration Date: 1/31/2016
• Hard/Soft Pull: Soft pull using Chexsystems
• Direct Deposit Requirement: None
• Additional Requirements: None
• Monthly Fee: None
• Early Termination Fee: None

*We wrote an email to Columbia Bank asking about what type of inquiry they use, and the CSR told us it’s only a soft pull via ChexSystems. Again, ymmv. Please let us know in the comments below if you have any experiences with this bank.

Fine Print & Bonus Terms:

• Columbia Bank IRA is subjected to change without notice.
• Offer applies to new rollover only.
• Bonus paid will be equal to .6% of the deposit.
• The bonus paid may be taxable income.
• Penalty may apply for early withdraw.

Final Analysis:

For residents of New Jersey, I recommend opening a Columbia Bank IRA checking account to earn up to a  $600 cash bonus by depositing a minimum of $10,000. However to get the full $600 bonus I would deposit $100,000. For the 6-year IRA CD, I would maintain the account for at least 365 days, to avoid a penalty. Overall, this is a good promo to earn $600 into your checking! Don’t forget to check our complete list of Bank Bonuses!