LINK


Terms:

To receive the $50 bonus, you must deposit at least $5,000 of new funds in your MetLife Bank Money Market Account by 3/31/07 and maintain a minimum balance of $5,000 for 90 days. The bonus will be credited to your account 90 days after your account is funded and will be reported to the IRS as interest. One bonus per customer. Bonuses are for new customers only and are not available for IRA accounts.

Another code was reported by koRebate on FatWallet.

Here is a repost of his message:

"new code CPM5 for $50 ($5000 min, 90 days) untill 11.30.04
one per customer
1.800.477.5670 or http://www.metlifebank.com "

Valid links as of 9/30/2005:

http://www.mettrack.com/MMA051309/

http://www.mettrack.com/MMA050106/

† To receive the $50 bonus, you must deposit at least $5,000 of new funds in your MetLife Bank Money Market Account by 12/31/05 and maintain a minimum balance of $5,000 for 90 days. The bonus will be credited to your account 90 days after your account is funded and will be reported to the IRS as interest. One Bonus per customer. Bonuses are available for new customers only and not available for IRA accounts.

Thanks for the links! I just applied for an account. Could you please tell us if the account can be closed free of fees and charges after 90 days once the bonus is credited?

I got the following reply from MetLife Bank customer service.


I would recommend anybody to double-check this info just to make sure that the MetLife rep knew what he was talking about.

It's best to call a bank representative to close your account and more importantly have them mail you a czech. You have the option of writing a czech to yourself and depositing it in another account. This is NOT a good option since you could be hit with a fee. ($15 for MetLife Bank) When you wrote yourself a czech, you might not factor in "accrued" interest, which would not be posted to your account until later. With the "accrued" interest, your account would NOT be zero and would be below their minimum balance requirement.

I was hit with MetLife's $15 fee. Luckily they reversed the fee after my repeated complaints.

So, never write yourself a czech to close an account unless you're absolutely positively certain that you won't incur a fee.

"Annual Percentage Yields (APYs) are effective 9/07/05, and are variable and subject to change. Balances up to $4,999 earn 1.10% APY; $5,000+ earn 3.50% APY. Fees may reduce earnings."

Does this mean that a deposit of $6,000 would only earn 3.5% on $1,000 and the rest only 1.10%? Or does the whole $6,000 earn the higher rate, and the rate only drops to 1.1% when the balance falls below $5,000?

The link has been updated. The new expiration date is 8/31/06.

The new expiration date is 12/1/06.

yet another link - exp. 3/31/07

This bonus is available nationwide.