Sovereign Bank Promotional Checking Account

Sovereign Bank is offering a $100 cash bonus for opening a checking account. To qualify for the $100 checking account bonus you must do the following:

• Open a new Sovereign Premier Checking, Business Owner Premier Checking, Interest Checking or Partnership Checking account by February 27, 2009
• A minimum opening deposit of $10
• Request a Sovereign Visa® Check Card
• Make 6 Check Card purchases within 60 days after you open your account

The $100 bonus will be credited to your new checking account within 15 days after the expiration of the 60 day period. There is a limit of only one $100 credit per customer and your account must be open in order for you to receive the bonus.

The interest rates on the checking accounts are nothing to write home about.

The Sovereign Premier Checking Account and Business Owner Premier Checking Account APY is 0.05% on balances less then $5,000, for balances $5,000 and over the APY is .20%.

The Sovereign Partnership Checking Account and Sovereign Interest Checking Account APY is 0.05% for balances less then $2,000, for balances $2,000 and about the APY is .10%.