Citi Savings Bonus, Get $200-$1,500 with $25K-$250K Deposit
I received an offer in the mail from Citi with a bonus up to $1,500 for a savings account. It got me excited at first, but once you go through the requirements, you realize that the deal is not as good as it sounds. The offer is targeted, but is available to new and existing customers.
Offer
For a limited time, new and existing Citibank customers can earn a cash bonus between $200 – $1,500 with an Eligible Savings Account. Basic and Access accounts not eligible. Here’s how ti works:
- Between 10/1/19 and 1/6/20 enroll and fund a new or existing Eligible Savings Account with a minimum deposit of $25,000 New-to-Citibank Funds.
- Keep a Minimum Balance of $25,000 or more in the Eligible Savings Account through 3/31/20.
- Earn your cash bonus after you complete the required activities.
| New-to-Citibank Deposit | Your Cash Bonus |
|---|---|
| $25,000 – $49,999 | $200 |
| $50,000 – $99,999 | $400 |
| $100,000 – $249,999 | $750 |
| $250,000+ | $1,500 |
Eligibility
“Eligible Customers” are (1) New-to-Citibank or Existing Citi Retail Bank Customers who are (2) first signers on a new or existing consumer Citibank checking account in the Citibank Account Package, the Citi Priority Account Package or The Citigold Account Package (“Eligible Checking Account”), (3) owners of a new or existing Citi Savings Account or existing Citibank Savings Plus Account in the same banking package as the Eligible Checking Account (“Eligible Savings Account”), and (4) have a residential address associated with their account in NY, CT, MD, VA, DC, CA, NV, IL, NJ, or select markets in FL.
If an Eligible Customer does not have an Eligible Checking Account, he or she can open the account at the time of enrollment to qualify for this Cash Bonus Offer.
Guru’s Wrap-up
This is not the best offer from Citi. Yes you can earn up to $1,500, but these bonuses also require a large amount of money to be deposited for three months or more. The best interest rate is for the $200 bonus. You earn a 3.20% APY on the $25K balance. It’s best to deposit the money as close as possible to the 1/6/20 deadline, so you can minimize the amount of time you need to keep the balance in the account. I’m skipping this one myself.
Bank bonuses are a great way to earn some extra income, often from the comfort of your home. You can take a look at my bank bonus results for 2022 where I made over $6,000. If this bonus is not for you, then you can check our full list of available bank bonuses. And, if you’re new to bank account bonuses, you can learn more about churning bank accounts here.
Offer Details
- Bonus Page
- Bonus: $200 to $1,500
- Account Type: Savings
- Availability: Nationwide
- Expiration Date: 1/6/20
- Type of Inquiry: Soft
- Direct Deposit Requirement: No
- Other Requirements: $25K to $250K deposit
- Credit Card Funding: No
- Monthly Fee: No
- Early Closing Fee: No
Help us & other readers. Email us if you find any bank offers!
