Posted by William Charles on October 17, 2019
Bank Account Bonuses

Published on October 17th, 2019 | by William Charles

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[Targeted] Citibank Savings Bonus Of $200-$1,500 Savings Bonus

Offer at a glance

  • Maximum bonus amount: $700
  • Availability: Targeted, available to select customers with an existing account package
  • Deposit required: $25,000-$250,000
  • Deposit Length: March 31st, 2020
  • Soft pull: Yes
  • Monthly fees: None
  • Early account termination fee: None
  • Household limit: None
  • Expiration date: January 6th, 2020

The Offer

Direct link to offer

  • Existing targeted citi customers can enroll and earn a cash bonus of $200 – $1,500. Deposits must be made into the account by January 6th and then maintained until March 31st, 2020 to receive the bonus. Deposit & bonuses are as follows:
    • $25,000-$49,000: $200 bonus
    • $50,000-$99,999: $400 bonus
    • $100,000-$249,000: $750 bonus
    • >$250,000: $1,500 bonus

The Fine Print

  • Eligible Customers” are (1) Existing Citi Retail Bank Customers (2) who received a direct communication from Citi inviting them to participate in the “$200-$1,500 Savings Offer” (3) are first signers on an existing consumer Citibank checking account in the Citibank Account Package, the Citi Priority Account Package or The Citigold Account Package (“Eligible Checking Account”), (4) 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 (5) have a residential address associated with their account in New YorkConnecticutMarylandVirginiaDistrict Of ColumbiaCaliforniaNevadaIllinoisNew Jersey, or select markets in Florida.

Our Verdict

This account earns a maximum of 0.12% APY, so you’ll want to fund as close as you can to January 6th. I think best case scenario the funds will need to be invested for roughly 90 days. The best return is the $200 bonus and that works out to be roughly 3.28% APY so not that much better than a standard high yield interest rate. Because of that I wouldn’t recommend this bonus for most people.

Hat tip to reader Veronica O & Chris L



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AKJohnny
AKJohnny

unloyal…. hard pass

G
G

Where is the “Targeted”, pls?

payyoutuesday
payyoutuesday

Not Texas.

Debit
Debit

“Grow your savings” with 0.12%

Idiots.

SMan
SMan

Both $400 and $200 bonuses work out to be roughly 3.28% APY (When you include 0.12%).

Av
Av

If you are thinking on applying any checking promotion with citi, think it twice. You will need to have scree shots, save urls and have a lot of patient to get the bonus. Based on my experience it took me almost 6 months to get the bonus after open the account and 5 months after I meet the requirements. And they approve it after call them like 10 times for around 30 minutea each call. So you must be aware that it can be a painful process.

Joe
Joe

I received this target offer yesterday.
But I already downgrade my Citibank Account Package to basic checking account, may I still qualify for this offer?
Thanks.

chris
chris

Looks like yes as long as you open or top up a savings account.

RV
RV

Did you have the savings account open as well?

Joe
Joe

Yes, I opened a Citibank checking and saving account this June for the $500 bonus, within the Citibank Account Package. The bonus posted recently, so I downgrade them to basic checking account package.
I did recent the target offer one day after the downgrade.
May I still qualify for this offer?
Thanks.

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