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Citibank e-Savings Account Bonuses

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Citibank
I just noticed Citibank heavily advertising a $25 sign-up bonus for its e-Savings Account and EZ Checking package. Here's the promo link for the $25 bonus. There's also a $50 bonus that still seems to be available. Here's the $50 promo link. The $50 bonus page still has Citibank's old 5% rate. Unfortunately, it has recently been lowered to 4.75% APY. Both deals seem to be the same with no minimum deposits required. Also, both offers state that your relationship package will be free of monthly maintenance fees when you apply online. The $50 one has an 3/31/07 expiration date.

For those who are willing to make a larger deposit, you may still be able to get a $200 bonus. I gave this promo a try last October and did receive my first $100 bonus on December 1st. Refer to this post for the details. This promo does require a $1,500 initial deposit.

All of these promotions require you to be first-time Citibank deposit account customers. Now that the e-Savings account rate has fallen to 4.75%, it's not as attractive as it has been. Hopefully, Citibank won't continue the rate drops.

Credit to this FW thread for the $50 bonus promotion page.

Update 3/1/07: A new $25 bonus is available for Citibank's new Ultimate Savings Account which doesn't require the checking account. See this post for more info.

  Tags: Citibank, checking account, savings account

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Comments
11 Comments.
Comment #1 by tim (anonymous) posted on
tim
anyone else have problems logging in for the first time after opening the citi account? Citi sucks. There was something wrong with the site where the site did not recognize the @ symbol in the userid so it kept giving us errors. after retyping in userid and password, both my wife and I are locked out of our brand new citi accounts. Better yet, you cannot reset the userid or password without the checking/debit card. you cannot even reset over the phone. absolutely ridiculous. I'm glad i only put a couple of dollars in the accounts to get th $50 each. I'm still thinking about calling citi up and closing both accounts.

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Comment #2 by Anonymous posted on
Anonymous
I have had a citi account for over 8 years and never had a problem like you have experienced. They are great as far as I am concerned. Just wish they didn't drop the rate on the e-savings account.

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Comment #3 by Anonymous posted on
Anonymous
I opened checking and savings with them online on Dec. 30, giving them outside account info from which to ach over my deposit. Waited , called,waited,called waited, called. Finally they ach'd it over January 3o, 31 days later!!!!. Money there but still not available to use. Soon as it is avaialable it is going to HSBC with a dollar left sitting there til they give me my $100 bonus. Getting ready to wait and wait for that.

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Comment #4 by SVG (anonymous) posted on
SVG
Citi has very mixed reviews. A few like Citi a lot and a few dis-like, nay hate, Citi.

Personally I have very positive experience of Citi. Their branches are close to where I live, most of the times the waiting period at branch is short. Most of the times they have crisp new bills in their ATMs. They handle all transactions I need very efficiently.

Some of my friends though have told me about customer-hostile reps, long lines.


- SVG

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Comment #5 by Anonymous posted on
Anonymous
Do not open Citi eSavings account!! After they lowered the rate from 5% to 4.75%, I wanted to transfer the funds out and THEY HAVE DAILY LIMIT of $5,000.00 (and $10,000 monthly limit) on OUTGOING transfers. I do not need to explain the problem. The limit on INCOMING transfers is $100,000. i.e. once we have your money in, we make it very difficult for you to get it out!
PLEASE, BE CAREFUL!

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Comment #6 by Roger (anonymous) posted on
Roger
If you already have a Citibank credit card, look for a link from your credit card logon for a $100 bonus for opening the savings account. I found such a link in the special offers section of my credit card logon.

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Comment #7 by Banking Guy (anonymous) posted on
Banking Guy
Roger, thanks for the info on the $100 bonus via the credit card account.

Anonymous, about the transfer limits, thanks for pointing this out. This can be a major issue for some. Here's the link to Citibank's page with the details:

Citibank transfer limits

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Comment #8 by Anonymous posted on
Anonymous
I opened an account last week for the $100 bonus via the credit card account. Its a minimum deposit of $5000 for the bonus. The bonus will be credited to your account within 90 days. I am tempted to transfer the money back to HSBC, but am not sure if I'm required to keep $5000 in the e-savings for 90 days for the bonus. I don't have direct deposit set up, so there might also be fees if I fall below their $1500 min balance for the ez-checking portion of the account.

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Comment #9 by Brave Dave (anonymous) posted on
Brave Dave
Regarding the maximum amount Citi will let you transfer out of eSavings: You can get around this (and most banks' limits) by initiating the transfer from the destination account. I.e., Citi's daily limit to PUSH funds out may be $5k. But you can order the transfer from, say, HSBC Direct, and PULL the funds from Citi. You're only subject to HSBC's incoming limit. (I just made such a transfer, using HSBC to pull >$5k from Citi.)

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Comment #10 by credit card-driver (anonymous) posted on
credit card-driver
As for Citi, I have positive experience with their Master Card for drivers . Decent rebates for any maintenance service and so on. The only trick is that if you have problems paying off your fees be aware that your payments will go to low APR balances before higher ones:)

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Comment #11 by credit card-driver (anonymous) posted on
credit card-driver
credit card-driver said...
As for Citi, I have positive experience with their Master Card for drivers . Decent rebates for any maintenance service and so on. The only trick is that if you have problems paying off your fees be aware that your payments will go to low APR balances before higher ones:)

8:58 PM, March 05, 2007

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