Flushing Bank has a checking promotion in which they are guaranteeing a 1.20% APY until 12/31/2012 for balances of at least $5,000. This is for the bank's BestRate Checking, and it's only for new customers. If the daily balance falls below $5,000, the rate drops and a $10 monthly maintenance fee applies.
There's also a $150 bonus for opening a new checking account and meeting some activity requirements. I reviewed this promotion in my March Flushing Bank Checking bonus review.
The full details of these promotions are described in this Flushing Bank checking promotion page as of 7/18/2012. Hat tip goes to DA member Rita who posted on this promo in this forum thread.
Flushing Bank branches are located in Queens, Brooklyn, Manhattan and Nassau in New York.
The bank has an internet division called iGObanking.com which also includes the site GiftsforBanking.com (see review).
Flushing Bank's overall health score is 3 stars (out of 5) with a Texas Ratio of 26.82% (average) based on March 2012 data. Please see our financial overview of Flushing Bank for more details. The bank has been a FDIC member since 1934 (FDIC Certificate # 16049).
Other Checking Rate Guarantees
The internet bank EverBank has been offering its 6-month intro rate of 1.25% since early June. This was originally a 1.05% guarantee when EverBank first launched this in March. The downside of this promo is that it's only for new EverBank customers, and the balance that qualifies for this yield is capped at $50K for the money market account and $100K for the checking. This rate is accurate as of 7/18/2012.