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Author: ferjen Big red star, 1000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 24252  
Subject: Chase Offer Date: 10/28/2012 11:18 AM
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Got an offer claiming to give me $150 for opening a new savings account at Chase with a $10,000 deposit. The $150 gets deposited after 90 days (more like 100 days if you read the fine print). But then you must leave the money in for 6 months and keep that $10K minimum balance the entire 6 months before closing to not lose the $150 bonus. So, in a nutshell, $150 in interest on $10K in 6 months. That's 1.5% return for 6 months (after 90 days, the account only pays .01%), which isn't bad (well, it's bad, but not for this economy). Anyone else get this offer? I'm considering it, but making sure there are no other pitfalls. There should be no service fees as long as I maintain a minimum balance (I'll maintain $10K minimum).
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Author: stockmover Big red star, 1000 posts Old School Fool CAPS All Star Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: 24213 of 24252
Subject: Re: Chase Offer Date: 10/29/2012 3:07 AM
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Hey ferjen,

My sister in Illinois recently received a somewhat similar offer from her local Chase branch. In her case, Chase offered a $200 "incentive" if she maintains a $1,500 average balance but also WITH a Direct Deposit established. The $200 (to be reported as interest) was credited to her account a short time after her SS Direct Deposit hit her account. So far so good. Apparently, Chase has different offers ... maybe by region?

HTH

Rich
Arizona

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Author: brucedoe Big gold star, 5000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: 24214 of 24252
Subject: Re: Chase Offer Date: 10/29/2012 1:02 PM
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stockmover

Wow, if she has direct deposit of her social security check, BB&T does not require any minimum in the account, but of course you don't get the taxable $200 either.

brucedoe

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