Citibank is offering new and existing customers a cash bonus between $ 200 and $ 700 when you fund a new or existing Citibank savings account with a minimum of $ 25,000 by September 30, 2018, and maintain that deposit until December 31, 2018.
You can combine this Citibank savings account bonus with this Citibank Checking Account Package Bonus as well to earn more bonus cash when you open a qualifying Citibank banking package.
How To Earn $ 200-$ 700 Bonus on Citibank Savings Account
1. Enroll in this Citibank Savings Account Bonus by September 30, 2018, through the online enrollment, by calling 1-888-248-1636 and mentioning Promotional Code (4ART9BK8A3), or by visiting your local Citibank branch.
2. Fund your eligible Citibank savings account with a minimum of $ 25,000 new-to-Citibank funds by September 30, 2018.
3. Maintain a minimum balance of $ 25,000 or more until December 31, 2018.
4. Earn $ 200 to $ 700 in bonus cash when you maintain a qualifying balance during the bonus period.
5. The bonus will be credited into your new or existing Citibank savings account by March 31, 2019.
Bonus Tiers for Qualified Funding
- $ 25,000 – $ 49,000 in Funding = $ 200 Bonus.
- $ 50,000 – $ 99,000 in Funding = $ 300 Bonus.
- $ 100,000 – $ 249,000 in Funding = $ 400 Bonus.
- $ 250,000+ in Funding = $ 700 Bonus.
Who Qualifies for Citibank Savings Account Bonus
In order to earn the bonus, you must:
- Be at least 18 years of age.
- Have a valid W-9 or W-8BEN on file with Citibank and are not subject to back-up withholding.
- Be first signers on a new or existing consumer checking account in The Citigold Account Package, The Citi Priority Account Package or The Citibank Account Package.
- Be first signers on a new or existing Citi Savings Account or existing Citibank Savings Plus Account in The Citigold Account Package, The Citi Priority Account Package or The Citibank Account Package.
- If you do not have an eligible checking account, you must open such an account by September 30, 2018, to qualify for this $ 200 to $ 700 cash offer.
Citibank Savings Account Promotional Details
- Fiduciary, estate, business and or trust accounts are not eligible for this $ 200-$ 700 Cash Offer even if they otherwise meet the definition of Eligible Checking or Eligible Savings Account. However, trust accounts that are a living trust and custodial accounts are eligible.
- New-to-Citibank funds are funds not currently held by Citibank and must be deposited via ACH, Direct Deposit, cash, and/or via checks or wires from non-Citi institutions. At the time the Cash Bonus is to be credited to the Eligible Savings Account, both the Eligible Checking Account and Eligible Savings Account must be open and in good standing.
- The bonus will be reported to the IRS as interest, in the year received, as required by applicable law. To be eligible for the bonus, U.S. Persons must furnish Citibank with a valid IRS Form W-9 (Request for Taxpayer Identification Number and Certification). Foreign Individuals must furnish a valid IRS Form W-8BEN (Certificate of Foreign Status of Beneficial Owner for United States Tax Withholding and Reporting (Individuals), and the account holder must not be subject to backup withholding.
- Only one Eligible Savings Account can qualify for the $ 200-$ 700 Cash Offer.
- The $ 200-$ 700 Cash Offer is not offered to individuals resident in the European Union, European Economic Area, Switzerland, Guernsey and Jersey.
Citibank Consumer Savings and Checking Account Fees
Citigold Package – Maintain a combined average monthly balance of $ 200,000+ in eligible linked deposit, retirement and investment accounts. There are no monthly service fees for Citigold clients. If you do not maintain a minimum combined average monthly balance of $ 200,000 in eligible linked deposit, retirement and investment accounts, your Citigold Account Package will be converted to a Citi Priority Account Package and your accounts will be subject to the terms and conditions then in effect for that package.
Citi Priority Package – To waive the $ 30 monthly service fee, maintain a combined average monthly balance of $ 50,000+ in eligible linked deposit, retirement and investment accounts.
The Citibank Account Package – To waive the $ 25 monthly service fee, maintain a combined average monthly balance of $ 10,000+ in eligible linked deposit, retirement and investment accounts.
Citi Savings – Your Citi Savings account will be opened as a part of a Citi banking package. There is no minimum deposit required, and there will be no monthly service fee when you maintain the qualifying balance in your qualifying banking package.
Take advantage of this Citibank savings account bonus offer to earn up to $ 700 in bonus cash rewards when you make a qualifying deposit.
You may also be interested in this Discover Bank Savings Account Bonus to earn extra cash when you deposit qualifying funds into a new savings account.
Max, do you know if a person can take advantage of both offers — savings account (up to $ 700) and checking account ($ 400) offers at Citi?
Hello Julia, I do not know with absolute certainty if you can qualify for both offers. The savings account promotion does require an eligible checking account package, and you might be able to open both accounts separately and apply the promo codes separately during each account opening, but I’m not sure if Citibank would allow both bonuses to be earned that way. Both terms for the offers do say that there is a limit of 1 bonus per customer and account, so if they mean that you can earn 1 bonus for each account type per customer, then maybe they would allow you to earn 1 savings bonus and 1 checking account bonus. I honestly don’t know for sure though. I would love to hear if somebody else has had any luck doing that. I have contacted Citibank to see if they can tell me if it’s possible, and I’ll respond further when I hear back from them. Thanks for the interesting question.
Here is a direct response from Citibank regarding this issue:
“Hello! You wouldn’t be able to open both at the same time however you could open one under the promo and then once its been opened and the requirements met you can apply for the other one. Please note that the savings promo you mentioned is a targeted offer. Hope this helps! ^BW”
So to paraphrase, you could qualify for both the Citibank savings and checking account bonuses, but you would have to do it by opening the accounts separately.
Also, you would apparently have to meet the requirements for one offer before you could open the other account and qualify for the second offer.
They are also indicating that this particular savings account offer is targeted.
Thanks again for your help in discovering this, Julia.
There is also a Citi Checking account promotion.
Earn $ 400 for opening a new eligible Citi checking account with qualifying deposit.
Can a person take advantage of both offers? The Saving account bonus listed here and the Citi checking account?
Please correct the amount it’s not 25,000 it’s 250,000 to get $ 700
Hello Vish,
Sorry for any confusion. I tried to indicate “up to” $ 700 and provide the bonus tiers to avoid any confusion in the original article.
I’ve now added the 3rd paragraph in the beginning as well to clearly state the bonus tiers and deposit requirements.
It’s a minimum of $ 25,000 needed, but you can earn more bonus cash with a bigger deposit, so I hope that is clear now.
Thank you for your comment, Max