Free Money For Opening Bank Accounts

American Bank offers $20 to new customers who open any interest-bearing checking, savings or money market account with a minimum deposit of $100 and maintain at least $500 in it for 90 days, if are referred by a current account holder. That $20 represents an annualized rate of over 16% for that $500. Try to beat that with any 90 day C.D. I would be happy to refer you, as I get some credit for it at no cost to you. Just ask post comment on this blog and I can provide you the referral.

Note that there are several American Banks. This one is not the bank at americanbank.com, which is in Texas. The American Bank described here is based in Allentown, Pennsylvania, and does online business nationwide. Its website is at http://www.pcbanker.com (because AmericanBank.com was already taken).