Update 9/28/25: Deal extended to 10/4/25.
Offer at a glance
- Maximum bonus amount: $500
- Availability: CT, DE, MA, MI, NH, NJ, NY, OH, PA, RI, VT, VA, D.C., MD, FL
- Deposit required: $10,000
- APY: 0.07% APY
- Hard/soft pull: Soft pull as long as you opt out of overdraft protection.
- ChexSystems: Mixed data points
- Credit card funding: None
- Monthly fees: Avoidable
- Early account termination fee: None
- Household limit: None
- Expiration date: 9/27/25
The Offer
- Citizens Bank is offering a $500 bonus when you open a new savings account and deposit $30,000 until December 31, 2025 or $250 if you deposit $10,000 until December 31, 2025
The Fine Print
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To Earn Personal Savings Bonus: You must, 1) have an existing or open a new personal Citizens checking account between 9/12/25 and 9/27/25 and, 2) have an existing or open a new personal Citizens savings account between 9/12/25 and 9/27/25, and, 3) have one single deposit of at least $10,000/$30,000 or more in new money post into one personal Citizens savings account by 10/1/25 and, 4) your savings balance as of the end of the day prior to the qualifying single deposit plus qualifying single deposit ($10,000/$30,000) must be maintained through 12/31/25. The qualifying deposit of $10,000.00-$29,999.99 is eligible for a $250 bonus, or qualifying deposit of $30,000.00 or more is eligible for a $500 bonus. If the qualifying deposit at the end of the retention period drops into the lower tier, you will be eligible for the lower bonus.
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Qualifications: New money is external funds that are not currently on deposit with Citizens or Citizens Access. The participating personal Citizens savings account must remain open and active AND the participating personal Citizens checking account must have a balance greater than zero and remain open and active through the payout date stated in the table below to qualify for this offer.
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Eligibility: Only one personal Citizens savings account is eligible for a bonus and only one customer on the savings account is eligible for a bonus. Customer will only be paid a one-time bonus for this program. Offers may be withdrawn without notice. Offer eligibility is determined at Citizens’ sole discretion.
Avoiding Fees
This account has no monthly fee as long as you have a Quest checking account.
For One Deposit savings account, you can maintain a $200 minimum daily balance to waive the monthly maintenance fee. No monthly maintenance fee while you’re under 25 or over 65. Account will automatically receive a waiver on the first 4 monthly maintenance fees.
Early Account Termination Fee
As far as we know there is no early account termination fee.
Our Verdict
If you time it perfectly the hold period is 95 days. This works out to be 6.33% APY for the highest tier and 9.61% for the lowest tier, account itself only earns 0.01% APY. This is only slightly above high yield savings rates and probably not worth considering compared to other savings bonuses for the highest tier but better for the lowest tier.
Useful posts regarding bank bonuses:
- A Beginners Guide To Bank Account Bonuses
- Bank Account Quick Reference Table (Spreadsheet) (very useful for sorting bonuses by different parameters)
- 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
- Bank Bonus Posting Times
