$50 Bonus NewBank 3.5% APY High Yield Checking

Get $50 bonus when you open a NewBank 3.5% APY high yield checking account and deposit $2500 before 12/31/07.

[Disclaimer from the Bank: Your NewBucks deposit is only available for new High Yield Checking and new Savings accounts with a new customer as primary owner and a minimum initial deposit of $2500.00. You must maintain a minimum of $2,500 average daily balance for the first 90 days. Worth $50 only when deposited in a new NewBank Checking or Savings Account. Your $50 NewBucks deposit starts earning interest upon account opening, but is unavailable for withdrawal for 90 days. Valid for accounts opened on or before 12/31/07 – DO IT TODAY!]

Although you have to maintain a minimum of $2,500 average daily balance for the first 90 days, if the $50 bonus is taken into account, the 90 days APY for your $2500 deposit is 3.5%+8%=11.5% in fact. Much better than a 3-month CD, isn't it?