3 replies to this topic

[libbii]

Link to promo page

Open up a Connection Checking Account and receive a $50 Gift Card.

Bonus Terms as copied from Bank's Website on 9/23/08:

*Annual Percentage Yield (APY) as of 9/3/08 and subject to change after account opening. Minimum to open and earn APY is $10. Limited time offer. Offer available for new deposits only. Fees may reduce earnings. **Gift card will be given at time of account opening and is considered a bonus and is subject to 1099 reporting. ***One direct deposit and 10 debit card Point-of-Sale transactions required per month. Otherwise, a monthly maintenance fee will be assessed.

[ichaelm]

(revised 11/10/08)

bonus states=MA
in branch=no

[JOE]

bonus available nationwide

Not available nationwide : quote from email i received:

Thank you for your recent request. If you have residence in Massachusetts you are eligible to open an account with us. If you live out of state, unfortunately we would not be able to open an account.


East Cambridge Savings Bank
Customer Service Center
292 Cambridge St.
Cambridge, MA 02141

Phone: (866) 354-3272
Fax: (617) 551-2584
Email: [email protected]

[ichaelm]

Thanks for your input. Chances are, as often happens, the bonus was originally available nationwide, but after receiving an excessive number of out of state applications, the bank limited new account availability to individuals living within its market area. LaSalle Bank used to be notorious for doing this.

The term for this is The Fatwallet Effect.