Massachusetts based Easthampton Savings Bank (ESB) is offering a 3-part bonus promotion on new Basic, GetReal, and Premier checking accounts, which could total as much as $200. This is a limited-time offer, but no end date is specified on ESB’s website.
Complete details for the Basic, are listed on the promotion page. The minimum opening deposit for a Basic or GetReal checking account is $10, while the Premier checking account requires a minimum $100 opening deposit.
The bonuses are available for new ESB personal checking account customers (defined as those "never having had an ESB checking relationship") in Massachusetts, Connecticut, and Rhode Island only. There is a limit of one bonus per customer.
The bonus is payable in three installments, based on activity:
Earn $100 Opening Bonus
- Open a new personal checking with a Debit Card, and either
- Activate Online Banking within 60 days of account opening, or
- Receive a Direct Deposit ($25 minimum) within 60 days of account opening.
- The $100 bonus will be paid into the account by the last day of the statement cycle following the 60th day the account was opened.
Earn $50 eStatement Bonus
- Enroll in eStatements within 60 days of account opening.
- The $50 bonus will be paid into the account by the last day of the statement cycle following the 60th day the account was opened.
Earn $50 Loyalty Bonus
- $50 Loyalty Bonus will be paid into the account by the last day of the statement cycle following the 365th day the account has been opened, if checking account remains open and active for at least 365 days.
Easthampton Savings Bank’s checking account bonus is available to US Citizens and Resident Aliens, 18 years or older, who reside in Massachusetts, Connecticut, or Rhode Island.
The checking account promotion can be applied for using ESB’s online application or in person at any of ten Massachusetts branches located in Agawan, Belchertown, Easthampton (2), Hadley, Northampton (2), South Hadley, Southampton, and Westfield. ESB also has five Connecticut branches in Brooklyn, Danielson, Grosvenordale, Putnam, and Woodstock that operate under the CNB (The Citizens National Bank) brand.
Easthampton Savings Bank, (FDIC Charter # 90188) has an overall health grade of "A" at DepositAccounts.com, with a Texas ratio of 5.38% (excellent), based on June 30, 2016 data. In the past year, ESB has increased its total deposits by $113.42 million, an excellent annual growth rate of 9.58%. Please refer to our financial overview of Easthampton Savings Bank for more details.
Easthampton Savings Bank has been serving the residents of mid-Massachusetts since 1869. The majority of expansion and growth has taken place in the past 40 years, including the opening of eight new branches, the launching of its eBranch (2012), and the acquisition of The Citizens National Bank (2015). Easthampton Savings Bank is currently the 26th largest bank in Massachusetts, with assets in excess of $1.4 billion.
How the Bonuses Compare
As the $100 and first $50 bonus aren’t predicated on any funds being committed, other than the $10 minimum opening deposit (Basic or GetReal checking account), you can essentially earn $150 simply by opening a new checking account with Online Banking and eStatements.
The $50 Loyalty Bonus for keeping the checking account is open and active for 365 days is the monetary equivalent of keeping $5k in a savings account earning 1.00% for a year.
Other Bank Promotions and Bonuses
Not eligible for Easthampton Savings Bank’s checking bonuses? Check out my latest bank and credit union bonus blog posts to find other promotions. In addition, DepositAccounts.com readers and I also post often on bonuses in the Bank Promotions Forum.