TD Bank, the company resulting from the recent merger of Portland-based TD Banknorth and New Jersey-based Commerce Bank, is offering a free iPod 4GB Nano when you open a free checking and credit card account in a local branch. According to the terms of the promotion:

Promotion applies to any new or non-checking customer. One offer per new account. Offer expires 9/17/08. Direct Deposit must be activated by 11/14/2008. To qualify for Ipod Nano, application for both accounts needs to be submitted on the same day and approved by 11/14/08. Allow 4-6 weeks for ipod delivery. Cost of Ipod will be reported on 1099-INT.

Alternatively, new customers can receive an iPod Shuffle 2GB for opening just a free checking account:

Checking account details:
– FREE first order of wallet-style checks
– FREE Visa® Check Card
– FREE Online Banking and Bill Pay

The TD credit cards themselves are fairly standard. Each offers an intro 0% on balance transfers and purchases for 6 months with a 3% balance transfer fee ($7.50 min, $75 max). There is a low-interest version called the Simply Flexible Visa that features a rate as low as 7.99%, as well as the Cash Rewards Platinum Visa that offers a 1% cash back rebate.

For a list of local branches, visit Commerceonline.com or TDBanknorth.com. (Via SD)