$150 Checking Bonus and 1.50% 3-Mo Money Market Guarantee at Sovereign Bank in the Northeast - Local Only

I just noticed an ad for Sovereign Bank promotion in this Boston.com article. I'll have more on this tomorrow. One potential issue will be the monthly fees from the qualifying checking and money market account. According to the small print, it's only available in the Northeast: ME, VT, NH, CT, RI, MA, NY, NJ, PA, MV, MD, DE, and District of Columbia.

Update 2/7/2010: Refer to my blog post for more details.