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Terms:


Qualify for a $150 cash bonus when you:

* Open a Premier Checking account and Premier Money Market Savings account, both with a $100 minimum deposit
* Enroll in free Online Banking at account opening
* Set up and receive one direct deposit within 60 days of account opening
* Get a Sovereign Debit Card, and use it to make 5 purchases within 60 days of account opening


In order to qualify for the $150 cash bonus, you need to: (1) open a new Sovereign Premier Checking, Business Owner Premier Checking, Interest Checking, or Partnership Checking account by March 13, 2010, with a minimum opening deposit of $100; (2) open a Premier Money Market Savings account or any Sovereign savings or money market savings account with a minimum opening deposit of $100 or already have a savings or money market savings account; (3) enroll in Online Banking at account opening; (4) set up and receive one direct deposit within 60 days of opening your account; (5) request a Sovereign Debit Card ("Debit Card") and make 5 Debit Card purchases within 60 days after you open your account. When you qualify, you will receive a credit of $150 to your new checking account within 75 days after you open your checking account. One $150 credit per customer. Checking accounts must be open to receive bonus. Annual Percentage Yield (APY) examples: APY of .01% for Sovereign Interest Checking; APY of .15% for Sovereign Statement Savings. APYs are valid for new accounts only, are effective as of January 7, 2010, 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 on your Form 1099-INT for the year in which the bonus is paid. Direct deposits you initiate from an account at another bank do not qualify. 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 savings customers are eligible. Cannot be combined with other personal checking offers. Offer available only to residents in the following states: ME, VT, NH, CT, RI, MA, NY, NJ, PA, MV, MD, DE, and District of Columbia.