4% Money Market Deal for Northeasterners

Eastern Bank has a special money market deal. They're offering 4.00% APY on their Maximum Money Market Account (MMMA) that's guaranteed through 3/31/06. Here are the catches:

• Required to open a Select Checking first
• Select Checking requires a combined balance of $5K to avoid $18 per month service charge
• Requires at least 3 Select Checking transacations per statement cycle to earn 4.00%
• The MMMA requires a $10K balance to earn 4.00%. Under $10K earns 0.50%.

Refer to their special offers page for the official details.

You can submit an application request online. However, they are only accepting applications from individuals residing in the following New England states: Massachusetts, Connecticut, Rhode Island, Maine, New Hampshire and Vermont.