← Honed Money

Is that bank bonus worth the switch?

A big signup bonus can hide tax bills, tied-up cash, and lost interest. Run the real numbers first.

The offer

01 / BONUS
$
$
mo
$

The trade-off

02 / COSTS
%
%
%
Email my results

Calculate your plan to activate the email and copy buttons. Your entries stay in this tab and are not saved.

Bonuses look free. Check first.

Enter the bonus, what you must park, how long it is stuck there, and what your current account pays.

Last reviewed: October 2026.

What's next?

Honed Money provides calculators and educational information for general purposes only. It is not financial, tax, legal, investment, or insurance advice. Estimates are based on the information you enter and the assumptions shown. Actual results will vary. For taxes, retirement, and government benefits, verify with IRS.gov, SSA.gov, or VA.gov. We don’t sell financial products and aren’t paid for calculator results. Use at your own risk.