$150 Cash Offer from Pennsylvania Bank

Sovereign Bank is a large bank based in the Northeast that is active in online banking promotions. The latest deal from Sovereign is a $150 cash offer for opening a Premier Checking account with at least $100 and requesting a VISA Checkcard and maintaining at least a combinde $15,000 balance in checking, savings, money market, CDs, IRAs, and investments in Sovereign accounts. Although the ongoing interest rate offered on the Premier Checking is less than 1% the Premier checking account comes with the following benefits:

- interest rate bonus on all CDs
- 1/2% rate discount on all secured loans and lines of credit
- free online banking
- no ATM fees
- no monthly maintenance fees when the combined balance of all Sovereign accounts is $15,00 or more

More about Sovereign Bank:

Sovereign Bancorp, Inc., the parent company of Sovereign Bank, is an $85 billion financial institution with principal markets in the Northeast United States. Sovereign offers a broad array of financial services and products including retail banking, business and corporate banking, cash management, capital markets, wealth management, and insurance.Sovereign Bank’s roots reach as far back as 1902, when the bank began as a Wyomissing, PA building and loan association created to help textile workers become homeowners.The Bank officially took the name “Sovereign” in 1986, and a year later formed the parent company, Sovereign Bancorp, Inc.Sovereign has successfully completed more than two dozen acquisitions since the late 1980s, with each acquisition accelerating Sovereign’s earnings growth. Most notably, in July 2000, Sovereign completed its largest acquisition: approximately $12 billion in deposits, $8.1 billion in loans, 281 Community Banking Offices, and 550 ATMs from FleetBoston Financial. At the time, it was the largest branch acquisition in banking history.

source: sovereignbank.com