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REDDIT

Opening new HYSA strickly for bonus

B
Feb 21, 2026 · 01:23

Is it a terrible idea to open a capital one HYSA strickly for the $1500 bonus? I already have funds in a newtek bank hysa at 4.2ish% so the rate isnt better, so I'd transfer it back to my newtek account after the 90day period. I've got exceptional credit, would it take a hit opening another account just for the bonus and then closing it?