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Terms:

Switch to Sovereign and put the strength of one of the world’s safest banks behind your money.‡

* Open a Sovereign Premier or Interest Checking account by May 22nd
* Use your CheckCard to make 6 purchases totaling at least $250 in 60 days
* Get $100 bonus deposited into your account*


Open a new Sovereign Premier Checking, Business Owner Premier Checking, Interest Checking or Partnership Checking account by May 22, 2009 with a standard minimum opening deposit of $10 and request a Sovereign CheckCard ("SCC"). If you make 6 SCC purchases totaling at least $250 within 60 days after you open your account, you will receive a credit of $100 to your new checking account within 15 days after the expiration of this 60-day period. One $100 credit per customer. Your account must be open in order for you to receive your bonus. Annual percentage yield (APY) of 0.02% for Sovereign Premier Checking or Business Owner Premier Checking when balance is less than $5,000 and 0.15% APY when balance is $5,000 and above. APY of 0.02% for Sovereign Interest Checking. APY of 0.02% for Sovereign Partnership Checking when balance is less than $2,000 and 0.10% APY when balance is $2,000 and above. APYs valid for new accounts only, are effective as of 4/11/09 and are subject to change thereafter and after account opening. Fees may reduce earnings. The amount of the bonus credited to your account will be reported to the IRS as interest for the year in which the bonus is paid. Current personal checking customers or anyone who has had a personal checking account with Sovereign Bank or any of its divisions in the last 6 months are not eligible for this offer. Current employees of Sovereign Bank or any of its divisions are also not eligible for this offer. Cannot be combined with other personal checking offers.