As featured in The Wall Street Journal, Money Magazine, and more!

Citi Offers New Online Savings Account: Citibank Direct, 4.65% APY, $50 Bonus

This article was written by in Banking. 1 comment.

Editor’s Note: Thank you for your interest, this offer and APY expired and are no longer available.

Last year, Citibank began offering their eSavings account, an online bank account that offers competitive interest rates but requires a linked checking account that charges fees, reducing the benefit of the interest.

It looks like Citi is now improving these terms with its introduction of a new online-only — you can’t sign up in their brick-and-mortar locations — savings account. It’s called the Citibank Direct Ultimate Savings Account. If you follow that link (not an affiliate), you should see an offer for 4.65% APY (which is higher than eSavings’ current 4.5% APY) as well as a $50 account opening bonus.

In order to obtain the $50 bonus, you have to qualify by meeting all of these requirements:

* You were never a deposit account customer of CitiBank (or of its predecessors).
* The new Citibank Direct account must be opened before June 30, 2007.
* The account must stay open for at least 90 days, at which time you will receive the bonus.

There are no minimums and no fees for the account, and you can access the account with a CitiBank ATM card. You will be able to set up linked accounts at other banks for transfers.

For comparison, FNBO Direct is offering 6.0% APY through November, HSBC Direct is at 5.05% APY, and ING Direct is still lagging behind at 4.5% APY.

Updated October 10, 2014 and originally published June 5, 2007. If you enjoyed this article, subscribe to the RSS feed or receive daily emails. Follow @ConsumerismComm on Twitter and visit our Facebook page for more updates.

Email Email Print Print
About the author

Luke Landes is the founder of Consumerism Commentary. He has been blogging and writing for the internet since 1995 and has been building online communities since 1991. Find out more about Luke Landes and follow him on Twitter. View all articles by .

{ 1 comment… read it below or add one }

avatar tmg

Good deal ($50 bonus), but since Citi does a hard pull I think I will wait until my next AOR.

Reply to this comment

Leave a Comment

Note: Use your name or a unique handle, not the name of a website or business. No deep links or business URLs are allowed. Spam, including promotional linking to a company website, will be deleted. By submitting your comment you are agreeing to these terms and conditions.

Notify me of followup comments via e-mail. You can also subscribe without commenting.