First Heritage Bank is offering CD specials and a checking account bonus. First, the CD specials include a 2.20% APY 27-month CD and a 1.61% APY 13-month CD. Minimum deposit is $500. These CD rates are listed at the CD promotion page as of 8/23/2010.
The checking account promotion is a $50 bonus for opening a checking account and for setting up an automatic deposit or withdrawal within 90 days of account opening. According to the promotion rules, funds will be paid out after the account has been open 90 consecutive days and an automatic deposit or withdrawal has occurred. Minimum opening deposit is $100, and there are no minimum balance requirements.
It appears that a branch visit is required to open an account. Branches are located in the Washington State cities of Snohomish, Monroe, Marysville, Arlington, Everett and Woodinville.
The bank's ratings for safety and soundness are weak: 0 stars (lowest) at BauerFinancial, 1 star (lowest) at Bankrate.com and an overall health score of 1 out of 5 at DepositAccounts.com (see our financial review of First Heritage Bank). These ratings are based on 3/31/10 financial data. The bank has been a FDIC member since 1982 (FDIC Certificate # 23626).
Searching for the Best CD Rates and Bank Bonuses
To search for the best nationwide CD rates and the best CD rates in your state, please refer to the CD rates section of DepositAccounts.com.
To find other bonus deals at other banks, please refer to the bank bonus page which has all of my recent bank bonus blog posts. There are also additional bonuses listed in the checking account deals forum.