We just got tipped off on a very nice offer coming from Irwin Union Bank this morning by BankVibe reader Brad. After digging into this promotion a little further I have noticed that a few other blogs and financial websites are giving credit to this CD promotion as well. Here is what it involves…

From now until August 31, 2009 you can get a 22 inch HD LCD TV or an HD camcorder when you open a 11 month CD with a minimum deposit of $20,000. I have been told that this offer is available nationally but you will need to make a branch visit at some point to cash in on this sign-up bonus.

Irwin Union Bank does not offer one flat rate for this 11 month CD. You must first type in your zip code, then they will provide you with your local rate. After trying about a few dozen zip codes on the east coast, central US and west coast I found their 11 month CD rates to range between 1.75% APY and 2.60% APY.

After typing in “22 inch LCD HDTV prices” into Google I found that Amazon and Circuit City are selling it for $300.00. Remember that $300 is 1.50% of $20,000, so essentially whatever rate you receive from Irwin Union Bank add 1.50% to this rate and that is what you are basically getting.

Compare this promo rate with our list of Top CD Rates.

Terms and Conditions

• Annual Percentage Yield (APY) and offer is accurate as of 06/18/2009. The interest rate will apply only to accounts opened through this site. Rates may change.
• Sharp is a registered trademark of Sharp Corporation. FLIP™ is a trademark of Pure Digital Technologies. Inc.
• 2009 Irwin Union Bank. Member FDIC. Available for a limited time period. Restrictions apply. Rates and offer may change at any time. New money deposits only. Early withdrawal penalty on Certificate of Deposit (CD) will be an amount equal to 91 days interest on the amount withdrawn plus $500 for costs associated with the promotional gift.. The TV or camcorder gift will be provided to the client within 30 days of qualifying account opening. One gift per tax identification number. Irwin Union Bank may report to the IRS the value of any gift and any applicable taxes are the responsibility of the recipient. This promotion may be combined with other IUB deposit offers. Fees may reduce earnings. No brokered deposits. No public funds. Irwin Union Bank & Trust and Irwin Union Bank, FSB are members of the Irwin Financial Corporation family of companies.
• The minimum balance to open the Summer 11 month CD, obtain the advertised APY and receive gift is $20,000.

Most Commented Posts

• Receive $125 for setting up a Chase Free Checking Account.
• An alternative to Bank CDs (certificates of deposit)
• Capital One Rewards Checking Account sign up bonus: $300?
• Receive $50 when you open a new checking account with Bank of America
• Credit Cards Featuring Cash Sign-Up Bonuses
• Connexus Credit Union Cd Rates – 7 month tiered certificate promotion
• WAMU Free Checking Account Bonus: $100
• Shore Bank Promotional 3 month CD Rate – 10% APY!
• Millenium Bank CD Rates and Bank Review
• Mexican Bank Certificate of Deposit Rates