Amboy Direct Signup Bonuses

Amboy Direct has two signup bonuses. One is a $50 bonus for opening their eSavings account. The other is a bonus 3-month $4.25% rate for opening their Money Market Maximizer account. They've been offering these for awhile, and have kept on extending them. The current offer is good until October 30th.

Here are the details for the $50 bonus and the eSavings account:

To receive the $50 bonus, you must open a new Amboy eSavings account and keep a minimum monthly average balance of $3,000 or more for 90 days. The bonus will be credited within the following statement cycle after account meets 90 day balance requirements. This bonus offer cannot be combined with other promotional offers. Offer good until 10/30/05.

And here are the details for the 4.25% bonus rate and the Money Market Maximizer account:

Introductory 4.25% 3 month bonus is paid on balance between $30,000 and $100,000 and earn a combined 3.67%APY. $100 minimum to open. Offer good until 10/30/05.

The only problem with these deals is that the bank doesn't offer the best interest rates. For their eSavings account, balances over $3,000 earn 3.30% APY; balances under $3,000 earn 1.00% APY; balances under $300 earn no interest. For their Money Market Maximizer account, balances over $30,000 earn 3.45% APY; balances under $30,000 earn 1.00% APY; balances under $5,000 earn no interest.

Even though the interest rates are not the highest, both accounts don't have any balance minimums or fees. Also, you can link these to your external checking account for easy transferring of money. So you could easily transfer the money out to other higher interest accounts after you've received the bonuses.