Dedicated to Deposits: Deals, Data, and Discussion

5.75% 6-Month CD / $100 Checking Account Bonus / 5.50% MMA at a SoCal Bank (PFF Bank & Trust)

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Update 11/21/08: The bank has been closed. Please refer to this post for more details.

PFF Bank & Trust is having a grand opening special at its new San Jacinto branch. The specials include:
  • 5.75% APY 6-month certificate of deposit. $1k minimum deposit. New money is required.
  • $100 cash bonus when opening checking account with $1k - Their free Easy Checking which has no fees qualifies. First order of checks are free. Bonus paid at time of account opening, but $100 hold placed on account for first 90 days. Early closeout fee if closed within 180 days.
  • 5.50% Money Market Account with a $2.5k minimum opening deposit - New money is required. $10 monthly fee is charged if balance drops below $1k.

These offers expire on November 15, 2007, and they are only available at the San Jacinto branch located at 1251 N. State St. In addition, they're only available to residents of the San Jacinto and Hemet communities.

5.50% 5-Month CD Special for Anyone in California

There's also a 5.50% APY 5-Month CD special that's available to anyone in California. It can be opened by branch or by phone. The minimum deposit is $1,000.

Branches are located in Los Angeles, Orange, Riverside and San Bernardino counties. The bank is FDIC insured (FDIC Certificate # 28344).

[Update 9/17/07: Added the residency restriction.]

  Tags: money market accounts, California, CD rates, checking account

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Comments
3 Comments.
Comment #1 by PekinBoy (anonymous) posted on
PekinBoy
this info off the PFF website:

Terms & Conditions: To receive offers, funds must be new money to the Bank and is only available to residents of the San Jacinto and Hemet communities. Offers are only available at the San Jacinto branch located at 1251 N. State St., San Jacinto. All offers expire November 15, 2007, are subject to change without notice, and may not be combined with any other bank promotion offer.

I called and spoke to a CSR and he said that if you recieved a mailer with the offer that it would be valid - e.g. that if you used to reside in San Jacinto or Hemet and the offer was forwarded by mail to your new address you could take advantage of the specials.

otherwise, it sounds like anyone outside the area is out of luck.

1
Comment #2 by oldbill (anonymous) posted on
oldbill
I reside in the City of Moreno Valley 20 miles away and they would not accept my CD for 95k nor my checking application for 5k.

1
Comment #3 by Banking Guy (anonymous) posted on
Banking Guy
Sorry that I missed this residency restriction. I've updated the post with this info.

1