HSBC Premier Promotion: Free Amazon Kindle

The balance requirements to qualify the free Amazon Kindle are too high in my opinion for this to be considered a good deal, but I thought it was worthwhile to at least post on it in the forum for anyone who may be interested.

link to the HSBC Premier promotion

Must begin a U.S. HSBC Premier relationship with qualifying deposit by July 2, 2010

Small print:

Offer valid when you begin a new personal Premier relationship online in the United States with a minimum of $50,000 funded in new money from May 10, 2010, to July 2, 2010. Offer not valid on Retirement (IRA) Brokerage Accounts or for existing HSBC Premier Clients regardless of what other non-Premier accounts they have or how they are listed on account titles. New money is defined as funds or positions not previously held by any member of the HSBC Group over the past six consecutive months. For qualifying customers upgrading to Premier, new money must be in addition to existing deposit and investment balances as of the close of business on May 10, 2010 ("Existing Balances"). Premier relationship in the U.S. must remain open; new money and Existing Balances must remain on deposit for a minimum of six months or value of gift, will be deducted from account proceeds if time requirement has not been met. To qualify for HSBC Premier, you need to open a Premier Checking account and maintain $100,000 in combined U.S. personal deposit and investment balances. Business owners may use their commercial balances to qualify for personal Premier relationship, but these balances cannot be used to meet the new money requirements. A monthly maintenance fee of $50.00 will be incurred if minimum balance requirements are not maintained. You have up to 90 days after account opening to meet the full $100,000 balance requirement. The Annual Percentage Yield (APY) and balance for a Premier Checking Account which is accurate as of April 28, 2010, is 0.01% APY on balances of $5.00 or more. APY is variable and subject to change after opening. Charges and fees may reduce earnings. Qualified Premier Clients will be notified via mail within 90 days of account opening; notification will include instructions for redeeming gift. Limit one gift per eligible new Premier relationship. This offer cannot be combined with any other offers or promotions, is nontransferable, good while supplies last. Any gift not chosen by December 31, 2010 will be forfeited. The cost of the gift will be reported on IRS Form 1099.

Credit for this find goes to markber at iBankDesign