I found this old article and decided to update it with some of the latest information.

As I have talked about in the past, we have a love/hate relationship with Costco. We used to be located about 20 minutes away from one of the various Costco locations around our home; however, we are now located within 5 minutes of both a Costco and BJ’s now in our town. So this deal with BJ’s sparked my interest.

I have been watching the Discover Card bank accounts for a while only because they pay pretty decent interest. However, this deal for BJ’s shopping members is better than the normal offer. Currently the online savings account is paying 0.80% APY for all balances. In addition, new accounts earn BJ’s gift cards based on your level of membership:

BJ’s Reward Members: Receive a $75 BJ’s Gift Card*
BJ’s Inner Circle Members: Receive a $25 BJ’s Gift Card*

There is a minimum $1,500 minimum deposit and balance requirement for 90 days with the online savings account; $2,500 for the CDs to receive the giftcard bonus.

The following additional rates are also being offered:
Money Market- 0.70%
CD Account (5 year)- 1.75%
IRA CD Account (10 year)- 2.10%

I think I am going to have to go dig out the free 60 day membership we received in the mail and see if we can take advantage of this offer.

Save Money, Travel More!

8/5/11- Originally published.