There’s been a proliferation of fintech companies looking to bundle banking, brokerage, and cryptocurrency services all in one app.
The latest of these is Fierce Finance.
Fierce Finance offers a Fierce Cash account that is an FDIC insured account that earns 5.25% APY. Banking services are provided by Cross River Bank (FDIC #58410) so it’s FDIC insured. The account also offers a deposit bonus, which we will detail below.
They also offer a Fierce Stock portion of the app that operates like a brokerage – letting you invest in stocks, ETFs, and crypto. Stocks are SIPC-insured via FIN2 (CRD#: 316863/SEC#: 8-70818).
The only limitation is that the account is accessible via iOS app only.
If you’re interested in getting a cash bonus for opening an account, here are the details:
Table of Contents
Fierce Finance Bonus — up to $500
Fierce Finance has a new deposit bonus that is only based on how much you deposit. Open a Fierce Cash account and transfer funds into the account within 30 days, the bonus is based on this cumulative amount:
| Deposit Amount | Deposit Bonus |
|---|---|
| $1,000 – $9,999.99 | $25 |
| $10,000 – $29,999.99 | $100 |
| $30,000 – $99,999.99 | $200 |
| $100,000+ | $500 |
The bonus terms are straightforward. The cumulative value must remain in your account for a minimum of 180 days – that’s it. Your bonus will be credited to your Fierce Cash account at the end of the following month.
Then, your account must be kept open for 210 days from time of qualifying.
Before you balk at the long timeline (and it is a bit long), your Fierce Cash earns interest too – a very competitive 5.25% APY!
How does bank bonus compare?
This offer isn’t that great.
The bonus amount has a decently high ceiling of $500 when you deposit at least $100,000 but that’s only half a percent of a bonus.
By comparison, if you had $100,000 and were to put it into Citi, you’d get $1,000 – or twice as much.
The difference is that Citi’s account pays only a little bit of interest (less than half a percent the last time I checked) and Fierce currently pays 5.25% APY. Over the course of six months, that can make a huge difference. Neither offer requires a direct deposit, so it’s a wash there.
If you have a direct deposit, there are better offers out there:
SoFi Money – $50 or $400
SoFi Money will give you $50 or $400 if you open an account and make direct deposits of at least $1,000. The bonus will be based on the total amount of those direct deposits in a 30-day evaluation period.
U.S. Bank – up to $450
Earn up to $450 when you open a new U.S. Bank Smartly® Checking account and complete qualifying activities. Subject to certain terms and limitations. Offer valid through 6/18/2026. Member FDIC.
Get started with an initial deposit of $25 within 30 days. Offer may not be available if you are an existing U.S. Bank customer or live outside of the U.S. Bank footprint.BMO Checking – $400
BMO is offering a $400 bonus* when you open a BMO Checking account and have a cumulative total of $4,000 in qualifying direct deposits within 90 days of account opening. It is a very straightforward offer that is available nationwide.
*Conditions apply
Capital One 360 Checking – $250
Capital One 360 has a $250 cash bonus when you open a new account and then receive two direct deposits each of $500 or more within 75 days of account opening. Valid for new 360 Checking account customers. If you had a If you had a 360 Checking, Simply Checking, or Total Control Checking account with Capital One on or after January 1, 2022, you are ineligible.
Bank of America – up to $500 cash offer
Bank of America offers a up to $500 cash offer cash bonus if you open a new account and To qualify, open a new eligible Bank of America Advantage Banking account through the promotional page and set up and receive Qualifying Direct Deposits* into that new eligible account within 90 days of account opening. Your cash bonus amount will be based on the total amount of your Qualifying Direct Deposits received in the first 90 days. . It has a monthly fee that is easy to get waived.
