$200 Bonus for Opening Checking and Savings Accounts at First Tennessee Bank - Local Only
First Tennessee Bank has a new-account promotion in which you can earn $200. Here's the promotions page link. The offer is scheduled to expire 3/30/2010. Below is the important section of the small print:
Offer expires March 30, 2010. Present a copy of this page to receive the bonus. You must open your accounts at a First Tennessee financial center and reside in Tennessee, Virginia, or North Carolina. Minimum opening deposit is $300 in checking and $10,000 in Money Market Savings. Offer is available to new First Tennessee checking and savings customers only. Opening deposits cannot be transferred from existing First Tennessee accounts. If you meet the stated requirements of this promotional offer, the bonus will be credited to your account within 6 weeks and will be reported as income on Form 1099-INT. Limit one bonus per household. Cannot be combined with other checking or savings offers. Customer agrees to maintain accounts in good standing for a minimum of six months. No minor accounts.
Credit for this find goes to iBankDesign.
It looks like the Free Checking would qualify. However, the Money Market Savings requires a $5K balance to avoid a $9/month fee. You can also avoid the fee with a qualifying checking account, but that probably doesn't include the Free Checking. The Money Market interest rate isn't bad, but at 0.75% for a $10K balance, it's about 0.50% lower than what you can easily get online.
According to the small print: You must open your accounts at a First Tennessee financial center and reside in Tennessee, Virginia, or North Carolina. The vast majority of the branches are located in Tennessee. Branches are located in several Tennessee cities including Cleveland, Nashville, Greeneville, Morristown, Chattanooga, Jackson and Knoxville.
First Tennessee Bank has been a FDIC member since 1934 (FDIC Certificate # 4977).
Other Bank Bonuses
To find other bonus deals at other banks, please refer to my bank bonus page which has all of my recent bank bonus posts.