Posted by William Charles on April 21, 2017
Current Savings Account Sign Up Bonuses

Published on April 21st, 2017 | by William Charles

3

[Targeted] Citibank Savings Up To $700 Bonus

Offer at a glance

  • Maximum bonus amount: $700
  • Availability: Nationwide, but targeted
  • Deposit Requirement: At least $25,000
  • Deposit length: Until August 31st, 2017
  • APY:  Up to 0.12%
  • Hard/soft pull:  Soft pull
  • ChexSystems: Yes
  • Credit card funding: None
  • Monthly fees: None
  • Early account termination fee: None
  • Household limit: None
  • Expiration date: May 31st, 2017

The Offer

Direct link to offer

  • Upgrade to the Citi Priority Account and get a bonus of up to $700 when you fund a new or existing savings account with a minimum of $25,000 in new to Citibank funds by 5/31/2017. Bonus broken down into tiers:
    • $200 bonus: deposit $25,000 – $49,999
    • $300 bonus: deposit $50,000 – $09,999
    • $400 bonus: deposit $100,000 – $249,999
    • $700 bonus: deposit more than $250,000
  • Maintain the minimum depoit until August 31st to receive your bonus.

citi savings bonus

The Fine Print

  • If you fulfill the required activities for this offer and meet all other conditions then the cash bonus will be credited to your new or existing Citibank savings account within 90 calendar days from the date when you complete all offer requirements. For example, if the deposit requirement is met on 5/15/17 and maintained through 8/31/17, you will earn a cash bonus by November 30, 2017, of up to $700.
  • Enrollment in this promotion is available only to Citibank customers selected by Citibank to receive the promotion offer via a direct communication from Citi.
  • All bank account bonuses are treated as income/interest and as such you have to pay taxes on them

Avoiding Fees

There is no fee for the Savings Plus Account. Just keep in mind you might need to upgrade your existing checking account as well that could have higher fees than you’re currently paying.

Our Verdict

At minimum you’ll need to have the funds in there for all of June, July, August. In all likelihood you’ll have them in there for some of May and September as well. The best return on your money is on the lower bonus of $200 (0.8% over that deposit period). I personally think these bonuses are a huge waste of time, better to focus on getting a long term high interest account instead and pairing that with checking bonuses. At least it’s better than the confusing ads they have run in the past.

Big thanks to reader, Rain who let us know. Learn how to find bonuses and contribute to the site here.

Useful posts regarding bank bonuses:



3 Responses to [Targeted] Citibank Savings Up To $700 Bonus

  1. Robert says:

    Stay away from Citi Bank!
    I got my Family to go down to Citi Bank branch near me, we each opened a account for the $400 promotion (after $15,000 deposit for 90 days)
    Money never showed!
    Called, went back to branch, banker called for me, did everything!
    Only half of the bonuses showed up!
    Had to file complaint after complaint!
    One manager rep told me, that she does not know why I’m with Citi, if I have all this money!
    She said I should go to a bank with better customer service 🙂

    • Wong says:

      Something like this happened to a redditor except with BofA. He called the CFPB and they couldn’t get the bonus for him, so he took it to small claims court and got double the bonus + the application fee.

      • ROBERT says:

        I Never went to small claims court
        Sounds like a good Idea
        I went to CFBP and got the money eventually after a few tries..
        LESSON LEARNED

        NEVER TRUST CITI BANK

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