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Sounds like a bad deal to me.
I have been debating opening a Citi Bank checking account that offers a similar deal... $15k for 30 days and they give a bonus of $400.
Only real catch is you have to keep $10k after the 30days or they will hit you with the $25 monthly fee..
thoughts?
If you have 10K to just "sit on" then why not just invest it?
Can you cancel the account after 30 days? Most of them make sure you stick around for a few months before they give you the money.
So if thats true just find a checking/saving account that offer at least 1% without restrictions. If I did my math right they are giving you roughly 2.5% on your money only once and not compounding.