Am I calculating this correctly?? Seems too good to be true ….

Am I calculating this correctly?? Seems too good to be true .... EDIT: I did in-fact have a glaring math error in my original post. I corrected it; but even with the correction it still seems like this would be a great deal... PenFed has an online savings account that currently yields a meh 3% APY. However, they're offering a $150 bonus for each $10k deposited by the end of this year, and held in the account ...

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