Old Harbor Bank has a money market special with a free gift and guaranteed rates until October 1, 2011. The bank is guaranteeing 1.25% APY for a $50K minimum balance and 1.00% APY for a $25K minimum balance. For the free gift, you must open the money market account with a $25K minimum deposit. The gift is either the Kindle Wireless Reading Device or the Sony (Model-DVPFX950) DVD Player. Gift is given at account opening. One important small print term is that if the account is closed or if the balance falls below $25,000 prior to 10/1/2011, the customer will be charged a one-time bonus recovery fee of $100. This promo is listed on the bank's home page and in this bank specials page as of 11/24/2010.
You can get a savings account with a yield over 1.25% at several online banks. However, a guarantee that the rate will last for around 10 months is rare these days.
The bank also has a fairly competitive 5-year CD and IRA CD with a 2.55% APY. Minimum deposit is $1,000. This is listed in the bank's rates page as of 11/24/2010.
It appears that a branch visit is required. Branches are located in the Florida cities of Clearwater, Dunedin, Palm Harbor, Trinity, Belleair Bluffs and New Port Richey.
The bank doesn't have the best financial health. It's overall health score at DepositAccounts.com is 1 out of 5 with a Texas Ratio of 79.39% (below average) based on 9/30/2010 data. Please refer to our financial overview of Old Harbor Bank for the full details. The bank has been a FDIC member since 2003 (FDIC Certificate # 57537).
Other Bank Bonuses
To find other bonus deals at other banks and credit unions, please refer to the bank bonus page which has all of my recent bank bonus blog posts. There are also additional bonuses listed in the checking account deals forum.