Here’s another bonus offer from one of my local banks.
From now till February 27th, you can get $100 bonus if you open a Sovereign Premier Checking, Business Owner Premier Checking, Interest Checking or Partnership Checking account with Sovereign Bank. However there are some strings attached. To get the bonus, you will have to
- Open an account with at least $10 deposit;
- Make at least 6 purchases with the Sovereign Check Card within 60 days;
The bonus will be credited 15 days after the 60-day period.
All four checking accounts bear interests, though not much. For Sovereign Premier Checking or Business Owner Premier Checking, the yield is 0.05% APY for balance up to $5,000 and 0.20% APY when balance is $5,000 or more. For Sovereign Interest Checking, the yield is at 0.05% APY. The Sovereign Partnership Checking Account earns 0.05% APY when balance is less than $2,000 and and 0.10% APY when balance is $2,000 or more.
Of course, all accounts are FDIC insured and its FDIC certificate number is 29950. Here are some basic information about Sovereign Bank from the FDIC:
Sovereign Bank has been FDIC insured since March 10, 1938.
It was established on January 1, 1907.
Its main office (headquarters) is located at:
840 Penn Avenue
Wyomissing, Pennsylvania 19610
County of Berks
Sovereign Bank routing number is 011075150. Bankrate.com Save & Sound Ratings rank Sovereign Bank 3 stars out of 5.
