LINK
Terms:
Now when you open a checking and savings account as a new customer of Sovereign Bank by April 24th, we’ll give you $50. Think of it as our thank you note to you.
To obtain the bonus, you must open both a new checking and a new statement savings with a minimum deposit of $500 in each account as well as request a Sovereign Visa® CheckCard by April 24, 2007. The funds must come from another financial institution. In addition, you must have a minimum balance of $500 in your statement savings account 45 days after the account is opened. We will credit the bonus to your savings account approximately 45 days after your accounts are opened. This offer is not available to customers who currently have a Sovereign Bank deposit account or had a Sovereign Bank deposit account within the last 6 months. As of 2/14/07, the annual percentage yield (APY) for a statement savings account was 0.60%. APY subject to change after a statement savings account is opened. Fees could reduce earnings. Bonus will be reported to the IRS as interest and included on your Form 1099INT. One bonus payment per customer.