85. Make $100-$500 per year – Signup bonuses to open new checking accounts

I just opened an account for $500 to get a $100 signup bonus. The only condition is that I have to leave my $500 in the checking account for 3 months. The ROI for this is 20% for one quarter so if I can do this 4 times a year with other banks the annual ROI on my $500 will be 80% ((4X100)/500). Make sure the banking fees don’t eat into the bonus they are promising. Also, be careful with unknown banks, they may take the money and run. Always deposit money with well-known banks. The return of money is more important than the return on money.

Also check out idea nr. 120: $$$ Make $1,000+ with simply signing up for new credit cards

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