Local New York institution Flushing Savings Bank has attached a nice bonus of up to $150 when you open a new checking account. To receive the bonus you need to complete the following requirements:
- Earn $100 for signing up and receiving direct deposit to you new checking account
- Get an additional $50 for making 5 debit card purchases of $25 or more each
The promotion is a limited time offer that is scheduled to last until November 30, 2009. It is important to note that a branch visit is required to open an account.
Currently, Flushing Savings is offering a strong APY of 1.25% for their BestRate Checking on balances of $5,000 or more. Additionally the bank is offering a strong Money Marketing account with a 1.50% APY for balances of at least $5,000. As for CD rates:
- 12-month – 2.00% APY
- 24-month – 2.12% APY
- 60-month – 3.50% APY
Branches are located in Queens, Brooklyn, Manhattan and Nassau in New York.
Promotional Page can be visited here.
Small Print:
- All Annual Percentage Yields (APYs) are as of October 16, 2009
- New accounts and new customers only. You must maintain an average balance of $5,000 for the statement cycle to receive the disclosed yield. If your average balance for the statement cycle falls below the $5,000, the APY paid on the entire balance in your account will be .50 %. Rates and offer are subject to change without notice.
Online Banking Note: If online banking is what you prefer, iGoBanking is Flushing Savings Bank online bank division. You will not be able to receive the bonus, but iGoBanking has some strong rates worth looking at. Click here to visit their profile page.

