Quick links to more offers that may be of interest…
$10 Discover Gift Card for every $100 Spent
Get a $10 Discover Gift Card for every $100 you spend on your Discover Card at participating malls from August 1 through September 7, 2008. The mall list is pretty short, tough. See this post on a similar promotion for more information. Don’t forget your buy 1 get 1 free movie tickets with Discover as well.
Buy 1 Get 1 Free Jamba Juice Smoothie
I work hard to avoid Jamba Juice these days, as I am susceptible to overpriced smoothie addictions during these hot months…
Purchase any Jamba menu board item and get an additional menu board item of the same or lesser value free. Baked goods and snack items are not included in this offer. Expires 7/30/08.
Free iPod Nano or iPod Touch with new account at KeyBank
Open a free checking account + some other hoops, get a free iPod Nano. Open a Privilege (higher balance requirements) + some other hoops, get iPod Touch. KeyBank has a limited geographical footprint.
Between 7/12/08 and 8/15/08, you must open a Key Express Free Checking (this is the basic banking account in NY), Key Advantage Checking or a Key Business Free Checking Account and by 10/31/08 make one debit card transaction and a combination of two direct deposits or automated payments each of $100 or more to get an iPod® nano.
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KeyBank’s fine print states: “… by 10/31/08 make one debit card transaction and a combination of two direct deposits or automated payments each of $100 or more to get an iPod® nano. … Direct deposit transactions are limited to: payroll, Social Security, pension and government benefits. Automated payments exclude Key Bill Pay, debit card automated payments, PayPal® transactions and account to account balance transfers.”
Has anyone done these KeyBank deals before and succesfully satisfied the 2 automated payments without using direct deposit, Bill Pay, Debit Card, or transfers? How does one do the qualifying automated payments instead of direct deposit?
Also, Accounts are not FDIC insured
I haven’t since I can split up my direct deposits from work. But you might be able to trick them by using ING Direct.
Using deposits from ING sometimes show up as “ING Direct Deposit”. Keywords here are “direct deposit” and it worked with PNC!
There has to be some sort of other catches to the KeyBank’s plan to attract more people. I bet that they may be making these offers in order to bail themselves out of the crisis and to get more people to put money into their banks.
This bank might be the next FreddieMac.
My brother did this last year a got a nano. You can just do the minimum balance of $50 and fulfill the direct deposit reqs/auto pay, etc and not have to tie up 25,000 for the next 180 days
The iPOD full retail value will also be reported as 1099 Interest. So factor in that you will wind up also paying 1/3 of the retail value for it. Doesn’t seem like a good deal to me.
I still have my iPod Nano from KeyBank, they run this offer regularly. Works great 🙂 Yes, you’ll have to pay interest on retail value based on your marginal tax rate (most people are in 25% bracket or less).
Wow, are they really not FDIC the accounts? I’d think a bank like KeyBank, which is a decent size bank would be FDIC.
it seems that one could get a 4gb nano by just opening a student checking account . too bad they don’t seem to offer this in the golden state.
User, I could be wrong, but I’m sure the checking account
would be FDIC insured…..and Jerry, I think you mean Indymac
Bank
I did the Key Bank deal last year (7/25/07) and had no problems getting my nano with online savings account transfers. I’m going to try doing this again sometime in early August since it says it’s not available to people who have opened an account within 12 months.
I’m definitely interested in the iPod Touch, but I don’t have $25,000 that I can put in an account for 6 months. However, after reading through the requirements, it seems that I don’t have to have that, as long as I’m willing to pay some fees. Basically, I’d have to pay $25/month for not having the $25k balance plus a $25 early account closure fee if I didn’t keep the account open 180 days. If I’m able to fulfill the requirements within one month, that means paying $50 for a $300 iPod Touch.
Anybody else read through and see this, or am I ignoring something?
Check my math: I can get 3% APR at my local credit union money market account for $25,000. That’s $750 of interest in one year, or $375 in 6 months. No added hassle.
An 8GB iPod Touch is currently running $300 with a $30 Target gift card this week, net $270 with no rebates, no other hassle. The most expensive iPod touch at 32GB is $500 right now. But I would be surprised if KeyBank handed out the high end model, and I also suspect that you would get the iPod at the end of the 6 month waiting period (?).
I can’t find the rate they are offering for their fancy checking account online, but if it is squat, then it seems to me that effectively they would be paying you interest in the form factor of an iPod as opposed to cash.
Also, I would be surprised if an iPod touch cost quite as much in 6 months.
Too many gimmicks. Ick.
Thank you for the Jamba Juice coupon, I love their smoothies!
Michael,
Great idea about getting a Ipod touch without depositing $25K and just eating the $50 in fees, but it doesn’t look like it will work.
I called to ask and apparently you must have an initial deposit of $25K to open the Privilege account in the first place (you pay $25 monthly fee if the balance falls below $25k).
Looks like I’ll just have to get the regular nano…
Anyone outside the state of NY try this offer? I was tempted to try the student offer for the nano. I have a relative in NY, I guess I could use their address, but I don’t know if that would affect my credit report by claiming a different address.
If you open the “Key Business Money Market Checking” account, you can get the iPod Touch with just a $2,500 minumum balance. I’m not sure how stringent they are on actually having a business, but if it’s anything like business credit cards, should be no problem.
Update on Key iPod offer: extended until 8/29/2008
“Thank you for contacting Key. No, the debit card transaction does not
have to be a specific dollar amount as long as you just complete one
transaction using the card at a merchant location. The direct deposit
and or automated payment needs to be $100.00 or more to meet the
qualification requirement.”
Went to 2 different credit card website to submit payments from this checking account and confirmed that it satisfied the 2 automated payments requirement.
After missing the FedEx guy twice, we finally received our free 8gb iPod Nano yesterday. My wife will try to play around with it today.
Fed Ex just dropped off the new ipod nanos (the new 8 gig model). Very nice. Not a bad deal. I paid my credit card twice and just used my debit card on Oct. 25, 2008. My wife did it too.
It looks like Keybank has started their annual ipod promotion again, and from the looks of it, you don’t have to fulfill the regular deposit/bill pay requirements…but you need to be a student.
Anyone know about doing this from outside New York?