1.21.2007

Open a Suntrust Money Market and Get a Free Airtran Ticket

It seems that for opening a money market account with Suntrust, with a minimum of $10K, you can earn a free ticket to fly anywhere Airtran flies. The money needs to be deposited for a minimum of 90 days. When checking out the promotional website, the money market rate was difficult to find for my area, but it can probably be assumed that it's competitive with other money market rates, in the 4.0% range. While you can get better rates from an online savings bank like Emigrant or ING, none of them are offering such a nice perk.

Here's a bit of the small print:

Deposit $10,000 or more of new money into Premium Money Market Performance Account by March 9, 2007. You must be an AirTran Airways A+ Rewards member. Complete redemption certificate by March 31, 2007. Duplicate or incomplete redemption certificates will not be processed. 16 A+ Rewards credits – which qualify you for a free round-trip flight – will be credited to your A+ Rewards account 10 – 12 weeks after your redemption certificate is received and validated. Premium Money Market Performance Account clients must maintain a minimum incremental balance of at least $10,000 for 90 days from the date of deposit. To open a Premium Money Market Performance Account, you must open or already have an existing Smart Solution Plus or Signature Advantage checking account. Premiums on money market accounts may be reported as interest income to the IRS and the account holder will be responsible for applicable taxes. Limit one ticket per household. Account holders must be U.S. residents and 18 years of age or older. Offer good while supplies last. Offer subject to withdrawal without notice and may not be combined with any other offers. SunTrust checking is available to residents in the following states: AL, AR, DC, FL, GA, MD, MS, NC, SC, TN, VA, and WV. Void where prohibited by law.

The most important catches are in bold, namely that you need to open a checking account and that you need to open the account by March 9. All in all, it seems like a good deal if you have 10 Gs that you can move around.

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