Update: now requires a $1,000 deposit instead of $100.
The Offer
- Swagbucks is offering 12,000 ($120) when you sign up for Wysh, deposit $1,000 and remain a customer for 30 days.
- MyPoints has a similar offer for 20,400 points which is worth around $128-$135.
Wysh Savings+ is an account which combines the power of a high-yield savings account with free micro life insurance protection. There’s no medical underwriting, no additional fees, and no lock-ins. You can read more in this press release.
The Fine Print
- Must be a new user to earn.
- Must remain a Wysh customer for at least 30 days to earn 12,000 SB
- Award will pend for 32 days
Our Verdict
We posted about Wysh last year when the offer was $100-$112. Now it’s up to $120-$135, and the requirement is easier with a lower $1,000 deposit. (Technically, it sounds like you can even pull the $1,000 out immediately, so long as you remain a Wysh customer for 30 days.)
This is an easy-ish bonus with not much downside risk given the low $100 deposit requirement. I imagine a lot of people will find this deal worthwhile. (You won’t get a 1099 from the bank; there is a chance of getting a 1099 from Swagbucks, see this post to learn more. Regardless, legally you’d have to self-report the income.)
Reports are that the points go pending within a couple of hours. Reports are that there is no Chex inquiry. The account earns 4% APY which isn’t bad, should you decide to leave funds in the account.
Hat tip to snailrock
If you’re new to Swagbucks, please read our review. You can also get a bonus of up to $13 by using a referral link.