We’ve found two intriguing offers from a Massachusetts-based bank with 77 branches.
Rockland Trust, based in Rockland, Mass., has both an interesting rewards program through its Eco Checking account and a competitive rate on its money market savings account, an account that is offered exclusively through the bank’s online division.
Rockland Trust pays a $50 cash bonus if you open a new Eco Checking account and use your debit card within 60 days of opening the account. You can also receive up to $25 a month in cash rewards for continuing to use that card.
To be eligible for the offer, you’ll need to open a new Eco Checking account with a minimum deposit of $25 by June 22.
Then you’ll need to make at least $300 in debit card purchases within 60 days of opening your account. You also must sign up for eStatements. If you do those things, you’ll have the $50 bonus deposited in your account by Sept. 7.
The Eco Checking account, which has no fees, also pays you 10 cents for each debit card purchase you make of at least $10. You can earn up to $25 per statement cycle for your purchases.
Of course, you’d have to make a whopping 250 transactions of at least $10 to earn that 25 bucks.
The offer isn’t available to anyone who already has a Rockland Trust checking account or who has had one within the previous 30 days.
The Eco Checking account is available if you live in Massachusetts, Rhode Island, Connecticut, New Hampshire, Maine or Vermont, and you can open the account online at www.rocklandtrust.com or at one of its branches.
The second offer is available exclusively at the bank’s online division, Rockland Direct (www.rocklanddirect.com).
The bank pays 1.00% APY on its money market savings account with a $2,500 minimum deposit. You cannot open this account with money already on deposit at the bank.
You’ll earn no interest for the month if your balance falls below $2,500. The rate is good on balances up to $999,999.
Six banks offer nationally available money market accounts that top this Rockland Direct offer. But the difference is pretty small.