Zag Bank Special Launch Offer a division of Desjardins Group has a great offer where you can earn $150 on a $100 deposit in a new account (so they can acquire new clients). A nice return if you ask me!
Here is how it works:
- Earn $50 by signing up.
- Earn an additional $50 when they reach 1000 clients.
- Earn an additional $50 anniversary bonus after your first year.
It is like earning free $150 to your initial $100 investment after a year.
The cash bonuses only apply to the first Zag Savings (non-registered) account you open as a primary holder within the promotional period.
To earn the first $50 bonus, you must successfully open a non-registered Zag Savings account within the promotional period with a minimum initial deposit of $100. The first $50 bonus will be credited to your account once your initial deposit cheque has been cleared (approximately 10 days after the cheque has been received by Zag Bank).
When Zag Bank reaches 1,000 new clients during the promotion period, a second $50 bonus will be credited to your account by the end of July 2015, if your account remains open with a minimum balance of $150 until this date.
The one year anniversary $50 bonus will be credited to your account in June 2016 provided your account remains open with a minimum balance of $200 throughout the year.
When the above conditions are met, you will receive cash bonuses that total up to $150 ($50 at the account opening, $50 at the end of the promotion in July 2015 and $50 in June 2016).
Here is a link to the promotion.