Chase $200 Coupon

Please read the disclaimer first.

Got a coupon from Chase, which you can get up to $400 by opening a couple accounts with them.

My wife and I each opened a checking account, which we need to keep open for 6 months.

Chase charges a monthly maintenance fee of $10 on the account.

The easiest (set and forget) way to waive it is to keep a $1500 daily balance.

So ROI on $1500 would be 13.3% over 6 months!

On top of that, this is guaranteed and FDIC insured!  :)

Or, you can accept the maintenance fee and put in the minimum $100, which would accrue $140 over 6 months.  (140%).

This will make sense if you don't have $1500 capital that you can lock down for 6 months,

or you can make more than $60 off of the remaining $1400 during the same period.

For the savings account deal, you have to keep a $15,000 balance for at least 90 days.

So ROI for $200 on $15k would be 1.3% over 90 days.

This is still better than interest, but not many people will have 15 grand of capital they can lock down.

We also talked to the loan guy about refinancing.

Chase has a 48 month seasoning period before you can refinance a mortgage with them.

Also, since our current loan is over 80% of the value, we won't be able to get great rates.

Update:  Got my $200!