$50 Bonus for NetBank 1-Year CD
Oct 1, 2007 - 3:35 PM by Ken Tumin
Update 9/28/07: NetBank closed by the FDIC. See post for more details.
NetBank is offering a $50 Visa cash card for opening a CD with a minimum of $2k for at least 1 year. NetBank's 12-month certificate currently pays 4.80% APY which isn't bad for a 12-month CD. This offer seems to only be available to current NetBank customers. The promotion is running until March 31 '06. Thanks to the reader who sent me this deal in the mail and also the reader who posted it here!
For those not yet a NetBank customer, the $175 promotion seems to still be valid. Also, NetBank's iPod shuffle promotion is still active through this month. So you could get these bonuses and then another $50 for this new CD promotion. NetBank seems to be continuing these types of promotions. Its latest one is with TigerDirect.com and is similar to the $175 promotion except that the bonuses are in TigerDirect.com gift cards. Also, it's only $160 in value. If the $175 promotion expires, this Tiger one may be the next best one.
NetBank's Warns of a Weak First Quarter
On a side note, NetBank reported fourth quarter earnings a few days ago and warned of a weak first quarter. This Motley Fool article describes how the flattening yield curve and the tough competition are affecting NetBank. It'll be interesting to see if NetBank continues these promotions. They may not help NetBank's profits but it could be the reason why NetBank reported moderate increases of 6% year over year in both customers and deposits.
NetBank is offering a $50 Visa cash card for opening a CD with a minimum of $2k for at least 1 year. NetBank's 12-month certificate currently pays 4.80% APY which isn't bad for a 12-month CD. This offer seems to only be available to current NetBank customers. The promotion is running until March 31 '06. Thanks to the reader who sent me this deal in the mail and also the reader who posted it here!
For those not yet a NetBank customer, the $175 promotion seems to still be valid. Also, NetBank's iPod shuffle promotion is still active through this month. So you could get these bonuses and then another $50 for this new CD promotion. NetBank seems to be continuing these types of promotions. Its latest one is with TigerDirect.com and is similar to the $175 promotion except that the bonuses are in TigerDirect.com gift cards. Also, it's only $160 in value. If the $175 promotion expires, this Tiger one may be the next best one.
NetBank's Warns of a Weak First Quarter
On a side note, NetBank reported fourth quarter earnings a few days ago and warned of a weak first quarter. This Motley Fool article describes how the flattening yield curve and the tough competition are affecting NetBank. It'll be interesting to see if NetBank continues these promotions. They may not help NetBank's profits but it could be the reason why NetBank reported moderate increases of 6% year over year in both customers and deposits.
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Leif Wickland (anonymous) - #1, Friday, February 10, 2006 - 12:34 PM
Do you happen to have a link to page page advertising this bonus or some description of how to receive the bonus? I kicked around the inside and outside of NetBank's website and could find neither.
Banking Guy (anonymous) - #2, Friday, February 10, 2006 - 4:51 PM
According to this FW thread, it's on the left and bottom button when you log in.
Also, FW member FatFreddie confirmed in this post that you should be able to get the 2 $75 bonuses, the iPod bonus for a CD, and then this $50 bonus for another CD. Note, the iPod bonus now requires $2.5K instead of $1K.
The thread also highlights 4 important NetBank fees to avoid:
a) Checking inactivity - $3/month after 3 months inactivity. Set up a small DD or mail in a small deposit.
b) MMA balance under $500 - $5/mo.
c) Account closure within 6 months - $25 per account.
d) Account closure with balance under $7.50 - $7.50
Anonymous - #3, Saturday, May 13, 2006 - 8:26 AM
How do I contact NetBank? Need 800 or other phone no. plus internet address? Thanx.
Banking Guy (anonymous) - #4, Saturday, May 13, 2006 - 12:57 PM
Netbank's web address is http://www.netbank.com.
Their phone number is 1-888-256-6932, Press 3. See Contact info.
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