Flushing Savings Bank is spreading the holiday cheer with their current Christmas promotion. It seems that customers stand a chance of getting gadgets such as an iPad 2 and more, if they open a certificate of deposit account with Flushing Savings Bank.

The Holiday Offer

The promotion can be seen on their website, giftsforbanking.com, which immediately features the special bundle they have in store for you if you open a CD with them. Apparently, those who decide to open a 5 year CD with a minimum of $25,000, can get an audio gift package including the following:

* Apple 16 GB iPad2
* 32 GB iPod Touch
* Bose Headphones
* Yamaha Desktop Audio System

All you have to do is complete the easy online application and you can have those gifts immediately delivered to you.

The Rate

Although the gift package sounds simply irresistible, one thing any smart investor would look at is the CD rate offered. Right now, their 5 year CD is featuring a 1.75% APY rate which isn’t bad at all since it is considerably higher than the national average at 1.19%. However, there are other institutions who can offer better rates such as 1.95% from Nationwide Bank and even as high as 2.68% from Melrose Credit Union.

Other Terms, Other Gifts

For those who don’t have the capacity to make such a large deposit of $25,000 for a 5 year term or those who want to deposit more, there are other gifts available every deposit range and term. Other gifts available are the Casio EXILIM 14.1 MP Digital Camera and Amazon Kindle for $5,000 – $9,000 deposits, Nintendo DSI Package and Samsung HDTV and Bluray Player Package for $10,000 -$24,000 deposits, Samsung 3D TV Home Theater and Canon EOS 7D Kit for $50,000 – $99,000, and Royal Caribbean Premier Cruise, Ultimate Samsung Entertainment Package and Solana Portable Spa for $100,000 – $250,000 deposits. There are more gifts in store, depending on the amount deposited and the CD term availed.

About Flushing Savings Bank

Flushing Financial Corporation is the parent holding company for Flushing Savings Bank and iGoBanking. The bank is located in Queens, Brooklyn, Manhattan and Nassau County but was able to widen its reach with the opening of their online arm. FSB is insured by the FDIC.

These gifts from Flushing Savings Bank are sure to be part of your wishlist this Christmas. So instead of going out and buying them, you can get them for free in addition to the investment you’ve just made. Promo ends on November 28, 2011.