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A Savings Account Deposit Bonus is an incentive offered by banks to encourage customers to open or fund a savings account. Typically, this bonus is awarded when a new account is opened or when a specified deposit amount is reached within a certain timeframe. The bonus can come in the form of cash, interest rate boosts, or other rewards, making it an attractive option for savers looking to maximize their returns. However, it's essential to read the terms and conditions, as there may be requirements such as maintaining a minimum balance or making regular deposits.