It's rare when a bank offers a new-account bonus on a reward checking account. So I'm happy to see this promotion at Washington Savings Bank. When a customer opens a rewards checking account and implements the following new services, he or she will be eligible for an Amazon Kindle Fire with an estimated value of $199. The requirements for the new services include:
- Monthly direct deposit of at least $1,000 from an unaffiliated third party
- At least three monthly automatic withdrawals of at least $75 each from unaffiliated third parties
- An active debit card with 10 or more completed purchases
The customer can also choose a Kindle reader instead of a Kindle Fire if he or she doesn't want to or can't complete the last two requirements from above. To be eligible for the Kindle reader, the customer just has to have a monthly direct deposit of at least $1,000 from an unaffiliated third party. The estimated value of the Kindle reader is $79.
The full details of the offer are listed in this bank's promotions page. The customer will receive the free gift within 30 days after meeting the above requirements and redeeming the free-gift certificate. The link is in the promotions page. The promotion is scheduled to end on 06/30/2012.
I have more details of the checking account in my Washington Savings rewards checking review.
Availability & Application
A link to an online application is available in the Interest Rewards Checking summary page. The bank only accepts applications from residents of Massachusetts and New Hampshire. Funding can be done via credit or debit card. It can also be funded by mailing a check.
Washington Savings Bank Overview
Washington Savings branches are located in the Massachusetts cities of Dracut, Lowell and Tyngsborough.
The bank has an overall health score at DepositAccounts.com of 4 stars (out of 5) with a Texas Ratio of 11.15% (above average) based on September 2011 data. Please refer to our financial overview of Washington Savings Bank for more details. The bank has been a FDIC member since 1985 (FDIC Certificate # 90229).
Other Bank Bonuses
We have a new bank promotions page with a table of all of the active bank and credit union promotions. You can filter the table based on the type of promotion and based on your state. I have more details about how to use this page in this blog post.