$125 Richer - Thanks Bankdeals!
Posted on May 16, 2006 by Her and tagged money, rewards
Though it is a small hassle to open an extra checking account purely for the incentive offered, the Meadows Credit Union deal posted by Bankdeals today was just too good to pass up. I called the bank to confirm that there is no minimum balance required, and there mostly isn't. The eChecking account comes with a mandatory Member Savings Account, and each has a $5 minimum balance in order to stay open. So the total minimum balance required for the deal is $10 (This is for a 0% interest account. If you want to earn .65% interest, the minimum is $2500.). Even without the addition accrued interest, making $125 off of $10 is like earning 1250% interest! Now that's a great deal!
I started the account opening process today during lunch. The online application was quick and straightforward, and after that I had to fax in a signature form. Now I'm waiting for a customer service rep to phone me, which they say will happen within one business day. Not bad! After I speak with her I should receive some account information in the mail, and then I just have to set up a direct deposit and I'm all set. Easy breezy.
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Steven Burda, MBA | Sep 15, 2006
It pays to be a savvy saver!
- Steven Burda -
e-mail: steven.burda.mba @gmail.com
http://www.linkedin.com/in/burda
(to connect to my professional network)
ruthie | May 16, 2006
"$125 award will be paid by electronic deposit into your eChecking account in $25 increments for 5 consecutive months, beginning only after eChecking account is opened, direct deposit is started, and account is in good standing. If at any time, direct deposit is stopped, that month's award, and all subsequent award payments are forfeited. $125 Reward is only valid on standard eChecking accounts. Illinois residents only. For questions concerning the promotion rules, please contact the Meadows Credit Union Marketing Department."
Rules
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