For those who don't want to deposit $1,500 into a Citibank account and don't want to worry about direct deposit or bill pay to avoid fees, this promo may be for you. In this new promo (promo link), you get $25 for opening a new e-Savings account with Free EZ Checking. The promo code is CSCL. You have until 10/31/06 to be eligible for the $25 bonus. In addition to the $25, the promo allows you to avoid monthly fees on the EZ Checking account. Normally, there's a monthly fee unless you maintain a $1,500 balance or use direct deposit or make two monthly online bill payments. And according to the CSR, there are no minimum deposit requirements for the e-Savings and EZ Checking to get this $25 credit.
Some of the important small print of the offer states that it's only available for first-time Citibank deposit account customers. Any past or current Citibank customers are not eligible. The $25 will be credited to your checking account within 90 days from the end of the statement period in which your accounts were opened. The amount of the bonus payment will be reported to the IRA as interest earned.
For those who don't mind a larger deposit, this $200 promo is still the best deal.
And as with all Citibank promos, your miles may vary. Many people have reported having problems receiving credit for past Citi promos. Also note that Citibank does a hard credit inquiry.
The e-Savings account has remained competitive with a 5% APY that has held since June.