Citibank Ultimate Savings Account $50 Bonus Offer
Again, I got this email from Citi this morning.
At first, I thought it was an offer similar to the one I got before for their e-Savings account, but with a lowered rate. Then I realized this actually is different, not just the name.
The main difference between the Ultimate Savings account and the existing e-Savings account is that the new savings account is a stand alone product. Unlike e-Savings account, which requires you to have an EZ Checking account (or other eligible checking accounts) with them first before applying for the savings account, the Ultimate Savings account has no such a precondition. But how does requiring a Checking account affect my perception of the savings account?
While the e-Savings account is advertised as an account with no minimum balance, the EZ Checking account it tied to does require a combined minimum balance of $1,500 (balances on checking, CD, money market and Day-to-Day savings accounts are considered) as one of the conditions to waive the $7.50 or $9.50 monthly fee. There are just too many restrictions on a savings account that pays 4.75% APY. The Ultimate savings account, however, has
- No checking account requirement
- No minimum balance
- No monthly service charge
making it much more flexible than the e-Savings account. But what do you have to give up? The 0.1% APY and the ThankYou points.
| Get the most of your money with these High-Yield Savings Accounts:|
If this is the right product for you, then you can use this link to open an account before April 30, 2007 with an initial fund of $2,500 or more (the catch) and receive $50 bonus (offer code CYMF). Terms and conditions for this offer are:
$50 offer is only available for first-time Citibank deposit account customers, and will be paid only once to any individual. Persons who currently have or at any time have had a deposit account at Citibank (or any of its predecessor banks) are not eligible. To receive this offer you must apply for and open a new Ultimate Savings Account by 4/30/2007 and fund the account with a minimum initial deposit of $2,500. $50 will be credited to your Ultimate Savings Account within 90 days from the end of the statement period in which you met the above requirements. Accounts must be in good standing at the time of the $50 credit.
This article was originally written or modified on . If you enjoyed reading this post, please consider subscribing to my full RSS feed. Or you can also choose to have free daily updates delivered right to your inbox.