$121 Bonus from ING Electric Orange Checking – Black Friday Only!

ING Direct is having a Black Friday Promtion where you can earn a $121 bonus when opening an Electric Orange Account today only.

Here is the promotional detail:

To qualify for the bonus you need to do the following….

• Open an Electric Orange checking with Reference Code EOSAVE.
• Use your Debit Card to make 3 signature transactions (you know, the ones you have to actually sign) within the first 45 days.
• On day 50, they will put $121 in your account. You have to open today to get the $121 bonus.

This is a great deal if you have not yet opened an electric orange checking account.

ING is also offering a 2% 12 Month CD which is also a great rate considering how low interest rates are currently

PerkStreet Promo – $50 with New Checking Account

UPDATE 2/18/10 – This promotion is no longer available. You can check out PerkStreet Financial’s current promotions here!

PerkStreet Financial is having a promotion where you can get a $50 bonus when opening a new online checking account. To qualify for the $50 checking account promo you need to do the following:

• Open a new online checking account with a minimum of $25
• Open the account by 2/28/2010
• Keep the account active for 3 straight months
• Initial funding can be done with a credit card (this is treated as a purchase and not a cash advance)

If the above criteria are met you will receive $50 in your account within 15 business days of the end of the third month.

The PerkStreet Financial free online checking account is being promoted as a rewards account. You earn a reward of 1% cash back on purchases when using your debit card that is tied to the account. The 1% is based on non-pin debit card transactions. The 1% cash back is a great deal since most checking account offer rewards that equate to far lower than a 1% return.

There is no minimum balance required, however to avoid an inactivity fee of $4.50 you must have activity in the account each month from either a debit card transaction, check, deposit or withdrawal. The account comes with a free book of checks, free debit card and free online banking and bill pay.

PerkStreet Financial is also a member of the STARsf Surcharge Free ATM network which offers of 37,000 free ATMs nationwide.Perkstreet Financial’s banking services are provided by The Bancorp Bank which is FDIC insured. The Bancorp Bank has a been a FDIC member since 2000.

If you are looking to move toward an online checking account this one may be the way to go. With the high rewards, nationwide free ATM access though the STARsf network, no fees and a $50 bonus, there are not many other online checking accounts that beat this deal.

Check out the PerkStreet Financial promo page for more details.

You can also check out more checking account promotions here.

$100 Bank of America Promo When Opening Checking A New Checking Account

Bank of America is giving out a $100 bonus when signing up for a MyAccess Checking Account. Bank of America’s MyAccess Checking account is free checking account with no direct deposit or minimum balance requirements.

To qualify for the checking account promo you need do the following:

• follow this link and open an MyAccess Checking Account by 11/30/09
• enter the bonus code AOU260909
• deposit at least $500 into the account within 30 days of account opening
• perform on transaction with your new BOA ATM/Debit Card

The $100 bonus will be paid out within 90 days of openening the checking account. This offer expires on 11/30/2009. Also they say that this is only for new customers, but in the small print it says, “The new customer is not eligible for this offer if they were a signer on a Bank of America checking account that was closed within the last three months”. So it looks like as long as you haven’t closed an account with them in the last 3 months, you should qualify. If you are in this situation, you may want to call them and ask first.

$50 Bonus from HSBC Online Payment Account

HSBC is giving away $50 when you open the HSBC Online Payment Account if you currently have an Online Savings Account.

The HSBC Online Payment Account is like ING Direct’s Orange Checking account. It is a checking account geared toward making all your payments electronically without the use of checks. It does come with a debit/atm card that you can use you purchases or to access cash from your account. There are no fees or minimum balances and the current interest rate on your balance is .85%. You only need to open the account with $1.

To get the $50 bonus, you need to do a few things:

• Open an online payment account by September 30th 2009
• Must make three debit card purchases with your HSBC Debit MasterCard with PayPass by October 31, 2009 (note: ATM transactions don’t count

EDIT: It appears that they have updated their site to specify that you needed to have an Online Savings Account open prior to the begining of this promotion, so if you don’t have one open, you can’t open one now and still qualify for the $50 bonus.
If you want the bonus and don’t have an Online Savings account, open one Here then appy for the Online Payment Account through their $50 Bonus Promo Page.

The HSBC Online Savings Account has a current yield of 1.45% with no fees or minimum balances. They have an ACH feature that allows you to move money between your HSBC accounts and accounts at any other bank you may have.

Costco Capital One High Yield Savings Plus Account Opening Bonus

If you have a Costco membership, you may consider the new Costco / Capital One Interest Plus Savings Account. I am not sure when exactly they started this account, but I just found out about it today.

Currently the rate is at 1.75% when you have $5000 or greater balance in your account which is a decent rate for the current economy,  however if you have an average balance of $15,000 you will receive a 10% quarterly bonus on your interest earned that quarter.

So for example if you deposit $15,000 for one year, you will receive the following:
$15,000 * 1.75% = $262.50 (regular interest)
$262.50 * 10% = $26.25 (10% bonus on interest earned)
for a total of $288.75 which is a 1.92% yield for the year!

And to sweeten the deal you will get a bonus when opening the account. Executive Members get a $65 Incentive, Gold Star and Business Members get a $25 Incentive – when you open your first account through Costco and deposit $5,000 within 30 days. The bonus will up your APY over 2% for that year.

To get the bonus you need to enter the promo code: COSTCOMVM
on the Account Opening Page.

For more details on the account take a look at the Account Details Page

This is a great deal if you are looking for a place to stash some cash and get a better than average interest rate.

If you are a Costco member, there is also a $25 bonus when opening the Costco American Express Card

1.75% APY High Yield Savings at Bank of Internet

As banks are dropping interest rates many of the online only banks are able to keep their interest rates up. Bank Of Internet has a competitive yield of 1.75% APY on their High Yield Savings account.

There is a minimum for $100 to open the accout, but after the account it opened there is no minimum balance or maintenance fees involved. There is an ATM card available for you to access your money via ATM’s.

Bank of Internet is FDIC insured up to $250,000 per account. Their FDIC certificate number is 35546.

I do not have an account with Bank of Internet and cannot comment on service, but after reading some reviews it appears that there are no major complaints. With this rate I may look into opening an account as all my current savings accounts are lower then 1.75%. If anyone out there has an account with them, please post a comment and let me know about their products.

More details can be found at Bank of Internet’s Website.

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