$100 / $25 Checking Account Bonuses at Two Indiana Banks

There were some nice checking account bonuses listed in yesterday's Indianapolis Star newspaper. Thanks to the FW member pitchow who posted the details and the scan of the ads on Fatwallet.

The $100 bonus is offered by Flagstar Bank. Get a $100 Visa Gift Card when you open a Personal Checking Account and establish Direct Deposit or Auto Bill Pay. Flagstar personal checking account requires $50 minimum opening deposit. Offer expires February 28, 2006. This special is available only at the 5004 West 71st St., Indianapolis and the 50 N. Ford Rd., Zionsville branches. Refer to the FW thread for the scan of the ad.

The $25 bonus is offered by First Indiana Bank. The nice thing about this promotion is that it doesn't require direct deposit and it's for a free checking account with no minimum balance requirements. There is a $25 minimum initial deposit requirement. Here are the important details: Mention this ad and receive your $25 gift card when you open a First Indiana personal checking account. The $25 minimum initial deposit must originate outside of First Indiana. Offer expires March 31, 2006. Refer to the FW thread for the scan of the ad.

I also noticed on First Indiana Bank's website some decent CD rates. The APY and terms of these certificates are: 4.75% 11-months, 4.80% 22-months, 4.85% 33-months and 5.00% 44-months.