Find the latest Home Federal Savings Bank bonuses, promotions, and offers here.
Update 3/25/24: We just found a $290 checking bonus good until 12/31/2024. In addition, the referral bonus has increased to $90 per (from $50).
Home Federal Savings Bank Bonuses Review
Home Federal Savings Bank was founded in Spring Valley, Minnesota in 1934. They’ve been committed to providing great service and competitive products to individuals and businesses ever since. Furthermore, today, the bank is one of the largest thrifts in the state.
I’ll go over the Home Federal Savings Bank offers below.
Home Federal Savings Bank $290 Checking Bonus
- What you’ll get: $290 Bonus
- Eligible account: Checking Account
- Where it’s available: MN, IA, WI (Bank Locator)
- Credit Inquiry: Soft Pull
- Direct Deposit Required: Yes
- Monthly Fee: $0-$10; waivable
- How to earn it:
- Open a Home Federal Checking Account by 12/31/24
- Set up direct deposit of at least $500.
- You must activate debit car and online banking with eStatements enrollment to qualify for the $290 bonus.
(Expires 12/31/2024)
| Chase Private Client ($3,000 Bonus) | Fifth Third Preferred Checking ($300 Bonus) |
| KeyBank Checking ($300 bonus) | |
Fine Print
- Health Savings Accounts are not eligible for the $290 reward.
- New account owners must not have been a Home Federal checking account client in the last 12 months.
- An Interest Advantage account earns interest and the Annual Percentage Yield (APY) is as follows: balances $5,000.00 or less, 2.00% APY; $5,000.01 and over, 2.02%-0.06% APY. APYs are accurate as of 01/01/2024.
- Checking account minimum opening balance is $25 and direct deposit minimum qualification is $500 (combined total of direct deposits during one statement cycle) to earn reward.
- Checking account also requires new debit card activation and online banking with eStatements enrollment to qualify for $290 reward. Account ownership styling and transaction authority may disqualify eligibility to receive the reward.
- The reward will be credited to your checking account within 60 calendar days of meeting all qualifications. Qualifications must be met by 12/31/2024 (direct deposit must clear by 02/28/2025) to obtain the reward.
- The $290 reward will be reported as interest on IRS Form 1099-INT.
- A $75 early closing fee will be charged by the bank if the account closes within the first 6 months. Any person with more than 5 ChexSystems inquiries will not qualify for this promotion.
- Fees could reduce earnings on the account. Interest rates and APY may change at any time after the account is opened. Other restrictions may apply.
- This offer is subject to change and may be withdrawn without notice. Member FDIC.
Home Federal Savings Bank $90 Referral Bonuses
- What you’ll get: $90 Bonus
- Eligible account: Checking Account
- Where it’s available: MN, IA, WI (Bank Locator)
- Credit Inquiry: Soft Pull
- Direct Deposit Required: No
- Monthly Fee: $0-$10; waivable
- How to earn it:
- Refer a friend or family member to open a qualifying checking account and both of you will earn $90!
- Print out some Refer-A-Friend referral cards (or pick some up from your nearest Home Federal) and fill in your name and phone number.
- Give a completed form to each of your friends and family members
- Wait for them to open their new account and watch for your reward(s) to show up in yours!
- It’s THAT easy! Plus, your earning ability is endless as there is NO LIMIT on the number of referrals. The more people you refer, the more money you’ll make!
(Limited time offer)
| Chase Total Checking ($300 Bonus) | KeyBank Checking ($300 bonus) |
| Bank of America Checking ($300 Bonus Offer) | Truist Checking ($400 bonus) |
| SoFi Checking & Savings Account ($325 bonus) | |
Fine Print
- Redemption of Refer-A-Friend serves as a one-time waiver of privacy rights as the referral source will be aware of this account opening.
- Health Savings accounts are not eligible. Referred party must not have been a HF checking account client in the last 12 months.
- Individual $90 rewards will be credited to both the referring client’s and the newly referred client’s checking accounts within 60 calendar days of the referred client’s checking account opening.
- Checking account minimum opening balance is $25.
- Account ownership styling and transaction authority may disqualify eligibility to receive the $90 reward.
- $90 Reward will be reported as interest on IRS Form 1099-INT.
- The anniversary reward amount of $90 is available in 2024 only.
- This offer is subject to change and may be withdrawn without notice.
How To Waive Monthly Fees
- Advantage Checking: None
- Interest Advantage Checking: $10 monthly fee, waivable by maintaining a cumulative balance of more than $5,000 in any Home Federal deposit account, obtain a secured loan from Home Federal, have at least $1,000 direct deposit into the account per statement cycle, own a business with an active business checking account at Home Federal, work for Home Federal, and are 24 years old or younger.
- Health Savings Account: None
- Basic Savings: $3.00 monthly fee, waivable by maintaining an average monthly balance of at least $50.00.
- Basic Business: First 100 items per month are free. $0.25 per item after first 100
- Business Advantage: $20 monthly fee, waivable with a $20,000.00 minimum daily balance.
- Business: $13 monthly fee, Check with CSR to see how to waive.
- Nonprofit: None
- Nonprofit Interest: $13 monthly fee, Check with CSR to see how to waive.
- Commercial Basic Savings: $3 monthly fee, waivable by maintaining a minimum balance of $50.00
- Business Money Market: $10 monthly fee, waivable by maintaining a minimum balance of $1,000.00
- Commercial Preferred Money Market: $25 monthly fee, waivable by maintaining a minimum balance of $25,000.00
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Conclusion
If you are a resident of Minnesota and you’re looking for a great bank bonus, then be sure to stop by a Home Federal Savings Bank branch and participate in their attractive promotions when you open a new checking account or refer a friend.
I would check out a list of our Savings, Money Market, and CD Rates to find other generous promotions you can utilize.
If you are not eligible for these promotions, use our bank bonuses page to find other offers. Some popular bank offers include Chase Bank, Discover Bank, TD Bank, Huntington Bank, HSBC Bank, and many more.
Furthermore, feel free to comment on this post with any questions you may have about Ardent Credit Union, their accounts they offer, or coupon codes.
Lastly, check back often for more Home Federal Savings Bank Bonuses, Promotions, or Offers!
