I received a flyer in the mail regarding a $50 cash bonus for opening up a premium money market plus savings account.
The rest is taken from the website:
The higher your balance, the higher your interest rate.
Most savings accounts offer a fixed interest rate regardless of how much you keep in the account. The HSBC Premium Money Market Plus Savings Account rewards you for maintaining higher balances. Now, when you open one with a qualifying balance by May 31, 2007, we'll give you a $50 cash bonus!
Maximize the returns, minimize the fees.
No monthly maintenance fee
No minimum balance
Tiered money market rate
Open your Premium Money Market Plus Savings account today.
To open your account, apply online, call 1-866-427-2065, or visit any HSBC branch. But hurry, this offer expires on May 31, 2007!
* To qualify for the cash bonus, customers must open a new Premium Money Market Plus Savings Account with an initial deposit of $3,000 of new money. New money means funds not previously held by any member of the HSBC Group. If you qualify, $50 will be deposited into your savings account 6 to 8 weeks after account opening. HSBC reserves the right to charge an amount equal to the bonus unless the new deposit account remains open and active for at least 180 days. The Annual Percentage Yield (APY) and balances which are accurate as of April 1, 2007 on Premium Money Market Plus Savings Accounts are 0.60% APY on balances of $1.00 or more but less than $15,000; 2.65% APY on balances of $15,000 or more but less than $50,000; 2.90% APY on balances of $50,000 or more but less than $75,000; 3.15% APY on balances of $75,000 or more. APY is variable and subject to change. Fees may reduce earnings on the account. Cash bonus is considered interest income and will be reported on IRS Form 1099-INT. Limited to one (1) cash bonus per household. Offer expires May 31, 2007 and cannot be combined with any offers.
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