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If you’re a business owner and you’re either looking for a new checking account or you simply like chasing bonus deals, right now, you can potentially earn up to $300 with Sovereign Bank.  Here’s the deal –

• Sign up for Sovereign’s Free Business Checking account.  You will need to make at least a $500 minimum deposit in this account.

• Request a Sovereign Business Visa® CheckCard

• Open up a Business owner premiere account.

• Reach your relationship balance.

Make sure that you act fast on this one because it does expire on May 30, 2008.  There’s no word on if it will be extended or not.  Sometimes, deals are extended and sometimes they’re not. 

Here’s how the $300 bonus breaks down –

After 75 days of opening up your account, your account will be credited with $150.  Make sure that your account is in good standing.

The other $150 will come as follows:

If the combined balance of your Sovereign checking, savings, money market savings, CDs, IRAs, investments or loans (not including mortgages, student loans, credit card balances, unsecured personal loans and lines of credit issued by FIA Card Services, N.A. and the unused portion of any Sovereign credit line) is $15,000 or more on the 60th day after you open your account, you will receive a credit of $150 to your new checking account within 15 days after the expiration of this 60-day period.

For more information on this deal, visit the bank’s main website or simply call 1-877-768-1145

Last week, I posted about CB&S Bank’s 4.41% APY checking account.  Well, if that deal sounded great to you, I have great news; I have found another bank that is offering yet another great deal.  First Arkansas Bank and Trust is currently offering a checking account earning 4.44% APY on balances up to $50,000 as of 4/8/2008.

In order to be eligible for this great checking rate, you must do the following –

• Make at least 10 debit card transactions per billing cycle.

• Set up one monthly direct deposit per billing cycle.

• Receive e-statements.

• Sign into your online banking account at least once per billing statement.

This deal does sound a little similar to the other checking account deal I posted earlier in the week.  This type of rate is well worth taking advantage of and the requirements listed above aren’t hard at all to keep track of.  A simple calendar or e-mail reminders will do the trick!

To sign up or look more into the deal, visit First Arkansas and Trust’s website or call 1-800-982-4511

If you’ve been reading this blog for some time now, you know that I’m a huge fan of American Express’ One Card.  If you’re not familiar with the credit card, it’s simply a credit card that works like a cash back card but takes the money and puts it into a money market account that actually gets a pretty good rate.  As of 3/4/08, the money market rate had a 3.50% APY.

Right now, if you make one purchase with the credit card, you’ll receive a $50 bonus.  So, not only will you get a nice return on your money, you’ll get a nice $50 bonus.  If you’re interested, simply follow the application link below.

Apply for One from American Express

If you’re a fan of giving out gift cards for a gift but hate paying the stupid fee that comes along with them.  American Express currently has a promotion code going on that allows you to waive the fee.  This means you can get the $25 gift card for $25.

Simply go to this website.

Place in promo code GIFT2008

Deal found on fatwallet.com

Citizen Bank Star Reward Checking – 4.41% APY

Just when you think the economy is slowing down and you can’t find any great money market or CD rate deals, I came across a checking account that’s issued by Citizens Bank.  Yes, I know the rate does seem a little high for a checking account BUT there are a few things you need to do monthly in order to receive the rate.  If you fail to do these things, you’ll only receive a lousy .24% APY, which tends to be the industry standard.

To earn the Star Rewards APY, you’ll have to perform the following monthly –

• Make at least 10 debit card transactions.

• Receive your monthly statement electronically.

• Have at least one direct deposit or ACH auto debit.

In order to open an account, you’ll need at least $100.  As I mentioned above, if you fail to do the things mentioned, it will still act as a free checking account, you’ll just receive the lower APY.  If your checking account balance is over $25,000, you’ll receive 1.01% APY.

For more information on this account, visit Citizen Bank’s website