Get Paid 100 Dollars

Get Paid 100 Dollars Plus 6.17% APY to Save Money

In a matter of 10 minutes, you can get paid 100 dollars with minimal effort, and earn passive income for the remainder of the year with this money hack.

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In a matter of 10 minutes, you can get paid 100 dollars with minimal effort, and earn passive income for the remainder of the year. I’m talking about high-yield savings accounts.

It’s one way to beat the sky high inflation we’re seeing now, and put immediate money in your pocket today. But if you only need $100 now for free and don’t care much about saving money, then that’s ok too. 

At least you’ll know these high interest saving accounts exist for when you’re ready to save and grow your money. 

Before I get into the easiest $100 you’ll ever make, let me first go over the definition of a high-yield savings account.

What is a High-Yield Savings Account?

A high-yield savings account is a type of account that will pay you a considerably higher interest rate on your saved money versus that of the national average. These rates can vary depending on whether you plan to save for the long-term or the short-term.

The good news for those that may be struggling to put aside extra cash, is that many of the following savings accounts don’t require you to have a minimum balance. You’ll still earn the high interest rates even if you only have $10 to save. 

And better yet, if you open a high yield savings account that offers a signup bonus, you’ll instantly have money to put away in your new account. As you’ll soon read below, some of these accounts offer up to $100 in signup bonus money.

 So really, there’s very little reason to not start saving today.

How Do I Choose a High-Yield Savings Account?

There are a few things to consider prior to choosing a high-yield savings account right for you. Some of these factors will directly impact the total rate of return you earn in your account in any given year.

Factors to Consider:

  • Is the account FDIC insured? These types of accounts offer you a secure way to save your money without risk of losing it. 
  • Does the account have high maintenance fees and transaction fees? These fees will eat away at your money, even in a high yield account.
  • Is there a sign up bonus to open a new account? Some people may not realize there are special referral bonuses available. 
  • Is there a minimum balance needed to open and maintain the account? Make sure the minimum makes sense to you prior to signing up.

These would be the main considerations when deciding which high-yield savings accounts are worthwhile to open.

High-Yield Savings Account with Bonus

I recently signed up with two high yield savings accounts to take advantage of the free bonus money, plus earn on my savings. These bonuses can really jumpstart your savings account and get you motivated to save even more money.

Get Paid 100 Dollars Instantly with Chime

get paid 100 dollars
image courtesy of Chime

The first high interest savings account I opened was Chime.

Chime is a fintech online banking company that operates similar to a traditional bank, but with noticeable key differences. The biggest one being there are no physical banking locations, which is one of the ways they are able to pass along the cost-savings to you. With Chime, everything is meant to be done entirely from your smartphone.

Chime Offers:

  • Fee-free overdraft up to $200
  • Early paycheck access with direct deposit, up to 2 days earlier
  • No Monthly maintenance fees
  • 0.50% APY Interest High-Yield Savings Account

One of the best reasons to open a Chime account is to get paid 100 dollars in signup bonus money. In order to qualify for the bonus, you must use a referral bonus link (you can use my link here), and receive a direct deposit of $200 or more within the first 45 days of signing up.

The money is free and will show up in your Chime account near instantly, but at the latest within 2 days. It took me less than 10 minutes to open a Chime account and qualify for the 100 dollar referral bonus. 

From there, you can spend the $100 dollars however you'd like, or you can put it aside in your Chime savings account to earn interest.

0.50% High Yield Chime Savings Account

A Chime high yield savings account offers a 0.50% APY, which is 8x the national average. The account doesn’t require a minimum balance, nor is there a cap on the amount of interest you can earn. As long as you have $0.01 in your account, you’ll be able to earn interest.

Now 0.50% interest on your savings account is not the highest rate you’ll find out there. Though when you consider the Chime bank $100 sign up bonus for new account holders, it does make it a worthwhile option to consider just for the free money.

A Quick Note: Chime is a financial technology company, not a bank. Banking services are provided by The Bancorp Bank or Stride Bank, N.A., which are FDIC insured – meaning, your funds with Chime are also FDIC insured through these banks.

Get Paid 20 Dollars Bonus with Netspend

Netspend free money

The second high yield savings account I opened was with Netspend. 

If you’ve heard of Netspend in the past, then it may surprise you to see this one on the list. That’s because Netspend is primarily known for its prepaid debit card, which charges fees for almost every action and transaction a card user makes. 

In general, these types of cards are more frequently used by low-income families, who typically can’t get a traditional bank account. These prepaid debit companies prey on these people and eat up their money with unnecessary fees. 

But there’s more to Netspend than what most people may realize. While I would never advise anyone to use a Netspend prepaid card, I would recommend them to take advantage of Netspend’s 5% high yield savings account. 

When you sign up using my referral link, you get paid a 20 dollar bonus once you make your first deposit into your Netspend account of $40 or more.

That’s 20 dollars in free money, plus a 5% high interest savings account.

5% High Interest Savings Account with Netspend

The only reason we’re opening a Netspend prepaid account is so that we can access the savings account. That’s it. You want to avoid using their prepaid card like the plague, and maybe even hide the card once you receive it. That way you won’t be tempted to use it. 

With the Netspend savings account, you’ll earn a hefty return of 5% yearly interest on the first $1,000 you deposit. Anything above $1,000 will earn you 0.50%, which still isn’t all that bad by any means. 

The best part is that each individual can open up to five high yield savings accounts with Netspend. If you deposit $1,000 into each account, you’ll have $5,000 in total earning 5% interest with this high yield savings account. Plus, your money is FDIC insured with Netspend.

Get Paid 20 Dollars Bonus with DCU

Get Paid 10 Dollars

Digital Federal Credit Union (DCU) is a credit union offering high yield savings accounts, checking accounts, retirement accounts, personal and commercial loans and much more. Their physical branch locations are located in Massachusetts and New Hampshire, though they accept members nationwide. 

In order to open a high yield savings account with DCU, you must first become a member. 

Requirements for member eligibility include:

  • Eligibility by Family Relationship to a Current DCU Member
  • Eligibility by Company You Work for or Retired From
  • Eligibility by Organization You Belong To
  • Eligibility by Community

If you don’t meet any of the above eligibility requirements, then the easiest way to become a member is to join one of their participating organizations. They include a list of these organizations on their website. The more affordable organization to join is the non-profit Reach Out for Schools. It will cost you $10 to join, but you’ll be supporting an awesome organization!

Otherwise, if you know someone who is already a member of DCU, you can ask them to send you a referral link to join. Doing so will also earn you a 20 dollar sign up bonus once you open a qualifying DCU product.

6.17% Interest Primary Savings Account with DCU

A DCU Primary Savings Account will earn you a 6.17% interest on up to $1,000 dollars. Anything above $1,000 will earn you 0.15% on the remaining balance. There is a minimum of $5.00 to open a Primary Savings account and no monthly fees associated with the account. With DCU, your money is FDIC insured.

Other High-Yield Savings Accounts to Consider

As you can see, there’s plenty of free money to be made by simply deciding to save your money in high yield savings accounts that offer a sign up bonus – Chime being one of the best offers to quickly get paid 100 dollars, when using a referral bonus link.

Still, there are other good high yield savings accounts that offer great benefits that are worth your consideration.

0.50% Ally High-Yield Savings

all high yield savings

Ally is a popular online banking choice that offers a suite of smart tools designed specifically to help you maximize your savings. On average, Ally states that their members are able to save 2x more when using their smart savings tools.

Their 0.50% interest savings account is also much higher than most of the major banks including: Bank of America, Chase, and Wells Fargo as you can see below.

ally bank comparison rates
image courtesy of Ally

There is no minimum balance, no monthly maintenance fees, no overdraft fees and Ally is FDIC insured. It’s a smart choice if you’re looking for a high yield savings account that offers a lot more than just a way to save.

0.51% VioBank High-Yield Online Savings Account

VioBank Online Savings
Image Courtesy of VioBank

VioBank offers a no frills high-yield savings account where you can park your money and let it grow passively. They offer a 0.51% interest savings account on all balances.

Other features of this online savings account include:

  • $100 Minimum Balance to Open
  • FDIC Insured up to $250,000
  • No Monthly Fee
  • Six Free Withdrawals per Monthly Statement Cycle

With VioBank, don’t expect anything fancy. It literally is last on the list because of the no-frills benefits it offers. Nonetheless, it’s above average interest rates warrant it’s inclusion on this list.

What to Do Next?

So now that you’re aware that you can grow your money passively in high yield savings accounts, the next thing to do is to take action.

If you’re in a position where you have little to no money to save now, then that’s ok. We all have to start somewhere. But don’t feel discouraged. A little money saved here and there will go a long way into building a financially independent life in the future.

The best way to get started is to take advantage of the multitude of free sign up bonus money available, and use that as your seed money. Whether it’s $20, $50, or a $100 referral bonus, it’s still more than what you had before. 

Build upon that by adding more money to your savings account when you can, and watch your money begin to grow over time! 

Ready to get started? Get paid 100 dollars today by opening a Chime high yield savings account using my referral link here

Other Ways to Get Paid 100 Dollars

If you're looking for more ways to make 100 dollars fast, then these other ways to making money are worth looking into:

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