Porte Bank is a new mobile bank account that offers 3% APY on up to $15,000. This payment rate is much higher than the .8% offer by many of the other major banks: Discover, Simple, Ally, etc.
To qualify for the 3% online savings account rate, you need to transfer at least 1k in direct deposits into a Porte Bank Spending account.
Rather than switch your direct deposit from your employer, a $1,000 deposit from Chase into the Porte Spending account is confirmed to satisfy the direct deposit requirement.
There is an additional referral bonus of $50 with $500 in direct deposits into the Porte Spending account.
Additional information can be found at the following link:
PM if you have any questions regarding the signup process.