Kindle Fire Checking Account Bonus at Washington Savings Bank in MA & NH - Local Only

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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.

Related Pages: Washington Savings Bank (MA), Boston, checking account

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3 Comments.


Anonymous
  |     |   Comment #2
Bank rep said they do hard credit pull for checking accounts. Not worth it with the much easier & tax-free & more bonus cc deals out there.
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1
Anonymous
  |     |   Comment #4
Hard credit check only confirms identity, no credit standards for this account.  Thanks - WSB
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1
Anonymous
  |     |   Comment #5
Hey WSB, my credit standard is fine. My sole concern is the hard credit pull will lower my credit score, and therefore affect my "credit standard". With so many good credit card deals out there, it's hard for me to endure a hard credit pull for a $199 item after jumping through so many hoops. If your target customer is people with bad credit, then I stand corrected. I just don't understand that with so many other ways to verify people's identity, why would a modern bank still do a hard credit pull to achieve that?
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2
Reward Checking & Savings Accounts at Washington Savings Bank in MA & NH
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POSTED ON WEDNESDAY, DECEMBER 28, 2011 BY KEN TUMIN

Banks are still coming out with new reward checking accounts. However, the rates and balance caps may disappoint especially those who remember reward checking in the good old days in 2007. However, it's important to compare these rates to what internet banks offer. If you can get rates at least one percentage point higher than an online savings account, you should consider that a good deal. That's currently the case at Washington Savings Bank which is offering a Free Interest Rewards Checking Account and a linked Saver Rewards account. The...

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The New Type of Reward Checking/Savings Accounts?
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POSTED ON MONDAY, MAY 3, 2010 BY KEN TUMIN

Washington Savings Bank has a new type of reward checking and savings account that's better than the typical type of bank checking and savings accounts, but they're not as good as the high-yield reward checking accounts that many savers are now depending upon for reasonable yields.

Instead of a high yield checking, the bank offers what it calls a Cash Rewards Checking in which they pay cents back on each signature-based debit card purchase. They have three different accounts. One is a free checking with no interest and the other two...

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Free Netbook Checking Account Promo at Washington Savings Bank - MA & NH Residents Only
Comments (1)
POSTED ON MONDAY, MAY 3, 2010 BY KEN TUMIN

Washington Savings Bank has some interesting deposit deals. First, it has a checking account promotion in which you can earn a free wireless netbook. Here's the promo page link with the deal listed as of 5/03/2010. Here's a copy of their requirements:

Note, you can apply online. However, the first page of the application states:

The only problem with checking account bonuses that are gifts is that the bank may include a over-priced value of the gift on your 1099-INT. So please keep that in mind.

Washington Savings Bank has branches in the...

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