America Saves Week is an annual opportunity for organizations to promote good savings behavior and motivate individuals to save more successfully. The main theme is to set a goal, make a plan, and save automatically. Financial institutions are helping their customers save by promoting cash bonuses and great rates. Here are a few of the most interesting promotions offered by financial institutions:
• Marquette Bank is giving their customers three ways to start saving during America Saves Week. Customers who open a new YoungMarq Passbook Savings account for a child will get the initial deposit matched for up to $25; customers who open a new Marquette Bank Savings account will be entered to win a $150 MasterCard Gift Card; and customers who open a new Gold Money Market account with $100,000 in new money will earn 0.50% APY for 60 days. Click here for more information.
• Kinecta Federal Credit Union is offering five ways to get involved in America Saves Week. Customers who open a Kinecta savings account will get $10 and be entered into a drawing to win $500; customers who share their savings goal with Kinecta will be entered into a drawing for one of four $50 gift cards; customers who sign up for direct deposit will receive $5; customers who take the America Saves Pledge can join over 310,000 people who have already committed to save; and customers can test their savings knowledge by taking the savings quiz. Click here for more information.
• Randolph-Brooks Federal Credit Union is supporting Military Saves Week, which is part of America Saves Week, and asking their customers to visit their Randolph branch for refreshments and giveaways. Customers can register for a chance to win a RBFCU Savings account credit of $25 in daily prize drawings, as well as a grand prize drawing for a $100 account credit. Click here for more information.
For the grand opening of i-bank’s downtown Memphis branch, i-bank is offering 1.50% APY on new interest checking and savings accounts. To receive this rate, customers must open their accounts with minimum deposits of $1,000 in new money. This rate is guaranteed through 08.01.2012. In addition, all customers who stop by any branch by 04.14.2012 will be eligible to win weekly prize packages including iPad 3s, $2,500 bike packages, and a biking trip to France (or $15,000 cash). Click here for more information.
Huntington Bank customers who have a Huntington savings or money market account can enter the Weekly Savings Sweepstakes. Once customers enroll their eligible account, they will receive one entry for every deposit of at least $25 through 04.27.2012. One grand prize winner will receive $10,000 and 10 weekly winners will receive $1,500. Click here for more information.
Sovereign Bank customers who open a new Student Banking Package can receive a $25 cash bonus. To qualify, customers must open a new Sovereign Student Checking account and a Sovereign Student Savings account, or have a pre-existing savings account, each with a minimum opening deposit of $10; enroll in online banking within 60 days from the end of the month of account opening; request a Sovereign Debit MasterCard; provide a valid email address; and make five purchases with their Sovereign Debit Card or receive a direct deposit to their new checking account. Click here for more information.
Citizens Bank customers who open a CollegeSaver Savings Account for their child will receive a $1,000 bonus deposited into the child's account on their 18th birthday. To receive the bonus, the CollegeSaver Savings Account must be opened before the child’s 12th birthday. If the child is under the age of 6, the account requires monthly deposits of at least $25, with a minimum opening balance of $25. If the child is between 6 and 12 years of age, the monthly deposit must be at least $50, with a minimum opening balance of $500. This is an interest bearing account and there is no requirement that the account balance or $1,000 bonus must be used on education. Click here for more information.
Service Credit Union is offering 10% APY on their Warrior Savings Account on balances up to $10,000. To be eligible for this rate, the member must be an active duty military member and be deployed to Iraq, Afghanistan, Kuwait, or Qatar. The member must also have direct deposit, receive E-statements, and make ongoing deposits. Click here for more information.