Sovereign Free Interest Checking

* Direct Deposit is required. As of September 15th, 2008 there will be a $5.00 fee assessed if direct deposit is not set up.

** When you open a new Sovereign Free Interest Checking account between 7/5/08 and 8/15/08 with a minimum opening deposit of $10 and request a Visa CheckCard, you will receive a $25 Gift Card to The Home Depot® at account opening. Maximum of one bonus per customer. APY effective as of 7/5/08 and is subject to change at any time. Fees may reduce earnings. The $25 value of the gift card will be reported to the IRS as interest income on Form 1099-INT. Funds for opening deposit must come from another financial institution. Current personal checking customers or anyone who has had a personal checking account with Sovereign Bank or any of its divisions in the last 60 days are not eligible for this offer. Current employees of Sovereign Bank or any of its divisions are also not eligible for this offer. Sovereign Bank is not affiliated with The Home Depot®. The Home Depot® is not a sponsor of this promotion. The Home Depot® is a registered trademark of Homer TLC, Inc.

*** No purchase necessary to enter or win. Sweepstakes is open to legal residents of CT, MD, MA, NH, NJ, NY, PA and RI age 18 or older at time of entry. Sweepstakes begins at 12:01 AM Eastern Time (“ET”) on 7/5/08 and ends at 11:59 PM (“ET”) on 8/15/08. See Official Rules for details.

† Requires automatic payment from a Sovereign Checking account and is not applicable to mortgages or auto loans obtained through a dealer.

†† ATM owner may charge a separate fee.