About 10 million U.S. households save online and more are going to open online savings accounts, money market accounts or CDs. According to Celent, a market-research firm, which predicts 23 million by 2010.To attract more customers, online banks usually pay higher interest rates on savings accounts, money market accounts, or CDs. Another feature is online banks always run great promotions to lure new customers.

Today I was notified by a reader about the new promotion from HSBC. According to the promotion page, you can get up to $100 MasterCard gift card for opening a Plus checking account and an HSBC credit card. Although I personally think this promotion is not attractive to all of us, I’d like to mention this promotion at MyCardBlog together with another checking account bonus offer from Wells Fargo.

Compass Bank just released another promotion offer from which you can get up to $150 bonus for opening a Compass Build-to-Order Checking account online and then use their Visa Check Card in 45 days. My previous post “Free Apple iPod Shuffle from Compass Bank” introduced the latest banking promotion from Compass Bank. But it was ended on June 30, 2008.

iGoBanking.com, a division of Flushing Savings Bank, FSB (FDIC insured), is offering $50 bonus gas card for opening a checking account online and making bill payment service.
At the same time, the First Federal is offering $75 bonus for opening a checking account online and making 5 activities.

After I released the post ” Is Your Bank Safe” several days ago, I received many emails qestioning about FDIC Insurance. They wanted me to give more detailed information about FDIC and how it keep consumers’ money safe and sound. I did a little research and will give you some simple tips on how to keep your money safe and sound in your bank.

Normally, the back-to-school season is the second largest retail season of the year. Microsoft launched the “Back to School Deal Days” promotion and doubled the cash back rate for most of its merchants. If you want to find something for this fall semester, it’s time to do a little research at www.live.com/cashback to save money for the coming school year. However, Microsoft is not the only one to promote back-to-school deals. PayPal just launched the back-to-school promotion from which you can save up to 50% when you shop and pay via PayPal.

I have introduced a lot of sign-up opporunities from banks and credit card issuers. Actually, most brokeage companies also offer sign-up bonuses for using their service. I have a post about the sign-up bonus from ShareBuilder last year which included a lot of promotion codes for opening an account at ShareBuilder.com and get varies amount of bonuses.

Since the failure of IndyMac in this July, there are many other bank failures as reported by FDIC. First Priority Bank in Bradenton, Florida was reported to be close and FDIC has assigned SunTrust Bank to acquire the insured deposits. One week earlier, July 25, there were other two banks reported to fail. They were First National Bank of Nevada and First Heritage Bank. We all know that Fridays are the typical days when the Feds close banks with the FDIC taking them over. However, we never thought to see banks fail in this way.

For those who missed the $50 gas card bonus from TCF Bank in this June, here comes the other chance to get $50 gas card from TCF Bank. This is by far the easiest money to get!

Chase just released another promotion on Chase Visa Check Card. My latest Chase check card promotion was posted here from which you can get $25 credit for every $250 charged on Chase Visa Check card with “no PIN” purchases. It seems this is a targeted offer and only those invited can enroll their Chase check cards. If you can’t register your Chase check cards, you can try this offer.