Published on April 21st, 2017 | by William Charles3
[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
- 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.
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
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.
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:
- A Beginners Guide To Bank Account Bonuses
- PSA: Don’t Call The Bank
- Introduction To ChexSystems
- Banks & Credit Unions That Are ChexSystems Inquiry Sensitive
- What Banks & Credit Unions Do/Don’t Pull ChexSystems?
- How To Use Our Direct Deposit Page For Bank Bonuses Page
- Common Bank Bonus Misconceptions + Why You Should Give Them A Go
- How Many Bank Accounts Can I Safely Open Within A Year For Bank Bonus Purposes?
- Affiliate Links & Bank Bonuses – We Won’t Be Using Them
- Complete List Of Ways To Close Bank Accounts At Each Bank
- Banks That Allow/Don’t Allow Out Of State Checking Applications