Wainwright Bank is calling it a $200 bonus, but in reality it's $100 since the reward is a $200 EE Savings Bond (initial value of EE Savings Bonds is only half the face value).
Direct deposit is required.
It appears the deal is local to Massachusetts.
It looks like the same exact promo that they were offering in December 2008. Please refer to my 2008 Wainwright Bank bonus review
for more details.