Citi Savings, Earn $100 to $3,500 Bonus with $25K to $1M Deposit
Citi has an offer for savings customers. You can get a bonus of $100 to $3,500 but you need to deposit large amounts in a new savings account. Additionally, the offer is limited to NY, CT, MD, VA, DC, CA, NV, NJ, or select markets in FL or IL.
Offer
For a limited time, new or existing Citibank customers can earn $100 – $3,500 when opening a new eligible Citi Savings Account and completing required activities. Here’s the breakdown:
| Minimum Deposit and Minimum Balance | Cash Bonus |
|---|---|
| $25,000 – $49,999 | $100 |
| $50,000 – $99,999 | $200 |
| $100,000 – $249,999 | $400 |
| $250,000 – $499,999 | $1,000 |
| $500,000 – $999,999 | $1,750 |
| ≥ $1,000,000 | $3,500 |
How it works:
- Enroll and Open Between 10/1/20 and 1/5/21, enroll and open a new eligible Citi Savings Account.
- Fund Your Account Within 30 days of opening your eligible Citi Savings Account, deposit $25,000 or more in New-to-Citibank Funds.
- Maintain a Balance Keep a Minimum Balance of $25,000 or more in the eligible Citi Savings Account for 60 consecutive calendar days.
- Get Rewarded Earn your corresponding cash bonus after you complete the required activities.
Basic and Access Accounts not eligible.
Eligibility
“Eligible Customers” are new or existing Citibank customers who either (1) have a residential/home (not mailing) address associated with their account in NY, CT, MD, VA, DC, CA, NV, NJ, or select markets in FL or IL or (2) open and enroll an Eligible Savings Account in a Citibank branch in NY, CT, MD, VA, DC, CA, NV, NJ, FL or IL.
Fees
A monthly service fee of $25 and a $2.50 non-Citibank ATM fee apply to the checking account in the Citibank Account Package if a combined average monthly balance of $10,000 or more is not maintained.
Final Words
Not the best bonus we have seen since it requires a large balance that you need to keep in a Citi savings account for at least 60 days, and maybe more. These accounts have an APY close to nothing. So you would end up earning about 1.7% APY with each tier. Not very exciting.