Not sure if this is any good b/c you have to tie up $15,000 and you get the $150 after 60 days...I added a link for all of the terms & conditions.
http://www.sovereignbank.com/checking-accounts/premier-checking-account.html?cmp=8q2&prd=pre&sou=sov&pos=billboard
OP please include $15k requirement in the title, so the poors like me can safely ignore the thread.
I actually think this is a reasonable deal, especially since they also have the option to sign up for free checking and get $75.
$150 for Premier Checking with $15K balance on day 60
or
Anyone open an account?
Does the bank do a hard pull?
The site does not publish interest rates for the MMA or CD, but you can open the account with $100, put 14900 in the Premier MMA or CD, and collect the $150 after 60 days. The rates are supposed to be higher if you have a Premier checking account.
From the website:
Deposit Rates
Currently we don't post our deposit rates on our website. Sovereign Bank has multiple rate regions and rates are determined by the Community Banking Office in which an account holder opens an account. In order to prevent any descrepancy between rates displayed on www.sovereignbank.com and the rate a customer might receive upon account opening, we have opted not to display our deposit rates on our website at this time.
For current deposit rates, please contact a Sovereign Representative at 877.SOV.BANK (768-2265) or visit your local Community Banking Office.
It is interesting that the 15K needs to only be there on day 60. You could put it in on day 55, and withdraw on day 65, and still get the promotion.
therivler1 said:It is interesting that the 15K needs to only be there on day 60. You could put it in on day 55, and withdraw on day 65, and still get the promotion.
good point
cashandmorecash said:therivler1 said:It is interesting that the 15K needs to only be there on day 60. You could put it in on day 55, and withdraw on day 65, and still get the promotion.
good point
I believe there's a monthly fee, though, if the average balance falls below $15K. I think it's around $15-20.
They ripped off their logo from my company.
I also think that you have to keep the funds there for 90 days or you get hit with another fee.
2cheap4ebay said:...
$75 for Free Checking with DD
Has anyone jumped on this for a free $75? Pros/Cons?
10$ monthly maint fee if u dont have the 15k min in accounts.
they have a promo for the moneymarket accounts, 2.75APY.
dump 15k into there, or if u dont have 15k, just open the premier account and come up with 15k on the 60th day.
basically, to keep things simple.
if ur a baller and have 15k laying around, go premier, open moneymarket at 2.75 let cash marinate their til the 60th day and collect interest plus 150$ thank you.
if ur broke, go for the 75bux wit direct deposit.
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