Originally Posted by raffy
I gave Heritage Financial a call this afternoon and was told that the frequent flyer mileage program offered ranged from 500 to 50,000 miles, depending on which type of account that was opened. This specific offer included 500 UA or AA miles for the one year FDIC insuranced CD at 4.06%.
It's hard to evaluate without seeing the match between the amount of the deposit and the corresponding mileage.
For example, E-Trade, Fidelity and TD Waterhouse (to name a few) all offer a bunch of miles if you deposit $$ or stocks in a brokerage account and keep the account at this level for 6 months, e.g. 25K AA miles for $25,000 (don't quote that, I don't have time to look it up).
So if you really want miles and don't care about the return you might be better off with a brokerage account.