While a forced program of savings is always a good idea, the best part of the promotion is that Bank of America will match 100% of the contributions to the savings account for the first three months and continue matching 5% a year thereafter up to a maximum total match of $250 per year. Let’s take a look at how a typical consumers with a check card might benefit:

Bank of America Keep the Change Math

Average Check Card Transactions per Month = 20

Average Automatic Rounded-Off Savings Amount = $0.50

Total Amount Transferred to Savings in a Year = $120.00

Bank of America’s Match for the First Three Months = $30

Bank of America’s Match for the Last Nine Months = $4.50

Total Bank of America Match = $34.50

Effective Savings Rate = 28.8%

The effective savings rate does not take into account the token rate of interest paid on the savings account. In addition, because Bank of America will match up to $250 the effective savings rate could be much higher than the example where only $120 was transferred to the savings account over the course of the year. Another footnote to the Bank of America deal is that the bank will allow up to five checking account per household to participate, which would mean that the total match could be up to $1,250 for a household with multiple check cards used actively.

• Limited to new checking account customers only
• To qualify, customer must open a Flagstar checking account and establish direct deposit of at least $250 per month
• The account must remain open and active for a minimum of six months
• If checking account is closed within the first six months, Flagstar reserves the right to reclaim the value of the gas card.

Click Open an Account to view our checking products. After selecting the checking account you would like to open, enter the promo code GC100 into the promo code field of the account opening form. If you prefer to open an account at a branch, use the Find a Local Branch button to locate the branch nearest you and mention promo code GC100.

Offer applies to any new business checking account opened with a Visa Business Check Card before March 31, 2008. Limit one $100 incentive per business every 6 months. If opening the account online, you must enter the code BTB0100 to ensure you receive the bonus. If opening your account in a Bank of America banking center, you must provide the coupon to receive the bonus. Your bonus will be deposited directly into your new account within 60 days of account opening. If your account is closed within the first 60 days, you will not be eligible for the bonus.

One good checking account option is the Business Economy Checking. You can avoid monthly maintenance fees for at least 2 years if you have a personal checking account with BofA .

The checking account must remain open for a minimum of six months. Flagstar Bank has locations in Georgia, Indiana, and Michigan.

Citibank currently has a bank promotion with a $100 bonus for signing up to their e-savings account with free EZ checking.

$100 offer is only available for first-time Citibank deposit (checking or savings product) account customers, and will be paid only once to any individual. Persons who currently have or at any time have had a deposit account at Citibank (or any of its predecessor banks) are not eligible.

To receive this offer you must: 1.) make a single application for both a new regular checking and e-Savings Account in the EZ Checking package and open both accounts by 4/30/07 and fund the account with a minimum initial deposit of $5,000. $100 will be credited to your regular checking account within 90 days from the end of the statement period in which you met all of the above requirements.

To qualify for Free Citibank® EZ Checking, you must apply online for both a new regular checking and e–Savings Account in the EZ Checking package by 12/31/2007.

This offer is not available at Citibank Financial Centers.

Chase Checking Accounts also offer:

• FREE access to more than 8,500 Chase ATMs
• FREE Online Bill-Pay*—including our Online On Time Guarantee
• FREE Visa® Check Card with Zero Liability** protection
• FREE personalized voice, text and e-mail alerts
• FREE access to any of our 3,000 branches nationwide

Offer expires December 31, 2007.