bank rates

Get A Good Rate And A Free HDTV

If you have $20,000 to invest, Irwin Union Bank has an eye-catching summer promotion.

It starts with a good rate on an 11-month certificate of deposit.

Exactly what you earn depends on where you live. You have to enter your zip code to get the rate for your area.

The lowest rate we found was 1.90% APY in Fair Oaks, Calif. The highest was 2.21% for Los Angeles and Titusville, Fla. The most common rate seemed to be 2.01%.

All of those CD rates are considerably higher than the national average of 1.15% APY, and approach the 2.30% you can earn on the best-paying, nationally available 12-month CDs.

Sharp 22-inch HDTV

The bonus is that you also get a 22-inch Sharp flat-screen LCD HDTV. They cost about $300 at online shopping sites such as (You also have the option of a FLIP camcorder from Pure Digital Technologies. Inc.)

The minimum investment to qualify for a TV is $20,000. It’s sent to your home 30 days after the account is opened with Irwin paying the UPS charges.

The only downside we see is a steep early withdrawal penalty: 91 days worth of interest plus $500 deducted from your principal to pay for the television.

Irwin Union has 30 branches in nine states — Arizona, California, Kentucky, Michigan, Missouri, Nevada, New Mexico Ohio and Utah — but this offer is available nationwide and accounts can be opened online.

Click here to compare the quote you get from Irwin with the best CD rates from scores of banks across the country.

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Comments (12)
1 Star2 Stars3 Stars4 Stars5 Stars (11 votes, average: 4.18 out of 5)
12 Existing Comments
  1. Cristina said:
    on July 8th at 10:16 pm

    Great TV, excellent picture, easy to use menus, great sound, can be tilted on the stand. No bad points that I’ve found. Thanks for featuring this hd tv here.

  2. Jacqueline said:
    on July 14th at 02:42 am

    I just opened a CD account (2.01% APY) online. Application process was nice and easy. Transfer of funds was done directly thru bank transfer (which I much preferred) instead of sending in a deposit check. Pretty simply thus far. Great deal.

  3. Sofaking Nuts said:
    on July 15th at 09:27 am

    I called my local Irwin Union branch, and the television promotion is also good when opening a personal checking account. $5k minimum account balance, active at least 11 months, sign up for e-statements and order and activate a check/debit card.
    This checking account promotion is a better deal imo – obviously the minimum is much smaller, and the interest you’re going to get on a 12-month CD (assuming 2.26 APY – the best available this morning on is $113.16. This TV’s retail is approximately $300.
    If I had the $20k, I’d ladder the money in differing CD lengths.

  4. pfstock said:
    on July 27th at 11:22 am

    The CD rates have dropped a little bit since the original posting, but they are still pretty decent. How long did it take for you to actually receive your free gift?

  5. Rick said:
    on August 2nd at 12:20 pm

    opened acct on July 15th and as of this writing, I have not gotten a free HD TV yet. Checked into the website and the Summer Promo is gone. Almost 3 weeks pass by… So I am wondering if I am getting TV or not.

  6. Biggest Saver said:
    on August 3rd at 09:56 am

    The post says: “It’s sent to your home 30 days after the account is opened with Irwin paying the UPS charges.” Three weeks isn’t 30 days, dude.

  7. Lena said:
    on August 5th at 12:46 pm

    No more TV-s offered

  8. Craig C said:
    on August 11th at 12:46 pm

    Well they are asking whether they can substitute a Toshiba 22 inch:
    Thank you for opening a new account with Irwin Union Bank in conjunction with our HD Summer Deposit Promotion. Due to the popularity of this offer, the demand for the 22” LG TV has exceeded the supply available from the manufacturer. A Toshiba brand 22” High Definition LCD TV (Model number 22AV600U) is being offered to you as a comparable substitution. Irwin Union Bank will report an amount of $280.00 to the IRS for your Toshiba TV. If for any reason you choose to decline this substitution of TV models, please reply to this message by 5:00 pm EST on Tuesday, August 11, 2009. Otherwise, we will send your new Toshiba brand 22” HD TV on that same day via UPS delivery.

    Thank you again for your business and we look forward to serving you with your financial needs. Enjoy your new TV!

  9. Garry said:
    on August 17th at 11:57 am

    Opened my account July 9 and as of today haven’t received promotional TV.
    I called Irwin Union but was told that their system was down and could not access my acount.
    Something seems fishy!

  10. Craig C said:
    on August 25th at 04:50 pm

    I did receive the TV and I was very happy. Thank you Bankaholic for giving us the scoop.

  11. High Def Television said:
    on September 16th at 11:22 pm

    Nice looking blog. Which template are you using? Nice post as well!

  12. Irwin Union now defunct said:
    on September 29th at 01:51 pm

    Irwin Union now in FDIC receivership. Deposits are now at First Financial and the interest rates on the CD are 1.5% rate.