Friday, December 15, 2017
Bank Offer

Citi® Savings Account Now Offer 1.00% Interest Rate

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Before the end of the December 2017, you are allowed to enroll for a 1.00% Promotional Interest Rate and 0.31% Annual Percentage Yield at citibank with a minimum $25,000 new-to-Citibank deposit which needs to be maintained and meeting all requirements described below.

Who is eligible for this offer?

“Eligible Customers” are new-to-Citibank and existing customers who

  1. enroll in Citibank’s Promotional Interest Rate Offer,
  2. open a new Citi Savings Account,
  3. are at least eighteen (18) years of age,
  4. have a valid W-9 or W-8BEN on file with Citibank, and
  5. make Qualifying Deposits of $25,000 or more in New–to-Citibank funds.

If you are meeting all requirements, click here to apply – Citibank 1% Interest Rate Offer

Enrollment in the Promotional Interest Rate Offer is available only to Eligible Customers who enroll and open a new Citi Savings Account as a first signer in either the Citibank Account Package, the Citi Priority Account Package, or the Citigold Account Package. Eligible Customers who open a new Citi Savings Account in either the Citi Priority Account Package or the Citigold Account Package must also have or open a linked checking account in that same package (“Eligible Checking Account”). Eligible Customers who open a new Citi Savings Account in the Citibank Account Package may have or open a linked Eligible Checking Account in that package, but are not required to do so in order to be eligible for this offer. Fiduciary, estate, business, and trust accounts that are not Living Trusts, are not eligible for this Promotional Interest Rate Offer, even if the accounts otherwise meets the definition of Citi Savings Accounts and/or Eligible Checking Accounts. All accounts subject to approval.

What is being offered in the Promotional Interest Rate Offer?

If you are an Eligible Customer and enroll in the Promotional Interest Rate Offer, you will receive a Promotional Interest Rate on your new Citi Savings Account for at least the first ten business days after the date you open your Citi Savings Account. To continue to receive a Promotional Interest Rate (1) your Qualifying Deposit(s) of $25,000 or more in New-to-Citibank funds must clear by the end of the tenth (10th) business day after account opening, and (2) the balance of your Citi Savings Account on which we have received credit must be $25,000 or more by the end of the tenth business day after account opening and must not fall below $25,000 thereafter. The introductory period will end 90 days after account opening.

If an Eligible Customer has both an Eligible Checking Account and a Citi Savings Account, the customer may make the Qualifying Deposits of $25,000 or more into either account, but the Promotional Interest Rate will apply only to the Citi Savings Account and, after the first ten business days, only if the balance of the Citi Saving Account on which we have received credit has not fallen below $25,000.

The applicable Promotional Interest Rate is based on the balance of your Citi Savings Account on which Citibank has received credit. The Promotional Interest Rate for account balance ranges below $25,000 is less than the Promotional Interest Rate for account balance ranges of $25,000 or more. The applicable Promotional Interest Rate will be paid on the balance for which Citibank has received credit. Citibank will receive credit on non-cash deposits no later than the second business day after the business day of the deposit.

The Promotional Interest Rate will expire on the earliest of:

  1. Ten (10) business days after the date you opened your Citi Savings Account if your Qualifying Deposits of $25,000 or more in New–to-Citibank funds have not cleared or if the balance of your Citi Savings Account on which we have received credit is less than $25,000.
  2. Any time after ten (10) business days, if the balance in your Citi Savings Account, on which we have received credit, falls below $25,000.
  3. Whichever comes first, the ninetieth (90th) calendar day after the date you opened your Citi Savings Account, or date that your Citi Savings Account has earned a maximum of $1,250 in interest from the Promotional Interest Rate(s).

Once the Promotional Interest Rate expires, it cannot be reinstated. After the Promotional Interest Rate expires your Citi Savings Account will be subject to the Standard Interest Rate in effect at the time. Standard Interest Rates vary based on account balance ranges. Customers will earn the applicable Standard Interest Rate in effect for their account balance range. Standard Interest Rates are variable and may change after account opening at Citibank’s discretion and without prior notice to customers.
Fees may reduce earnings. Terms, conditions and fees for accounts, products, programs and services are subject to change.

The Annual Percentage Yields (APYs) for this promotion depend upon your account package, market, and account balance. The APYs blend your Promotional Interest Rates with the Standard Interest Rates that will apply after the Promotional Interest Rates expire. The Promotional Interest Rate for account balances below $25,000 is less than the Promotional Interest Rate for account balances of $25,000 or more. The APYs for the balances of $24,999.99 and less assumes that the Promotional Interest Rate expires after 10 business days. The APYs for balances of $25,000 or more assumes that the Promotional Interest Rate expires 90 days after account opening, or when the $1,250 cap is reached, whichever is earlier.

 

The Promotional Interest Rate for balances less than $25,000 will expire 10 business days after account opening. Thereafter balances less than $25,000 will earn the Standard Interest Rate.

The Promotional Interest Rate Offer may be modified or withdrawn prior to enrollment at any time without notice.

If i am eligible, how do I enroll in this promotion?

You can enroll in the Promotional Interest Rate Offer and open the Eligible Savings Account (and Eligible Checking Account, if applicable) by clicking “Apply now” on the account opening page on Citibank Online (citi.com) and proceeding to the account opening page, or by visiting a Citibank branch and asking a Citibank Representative to enroll you, or by contacting a Citibank representative by telephone.

If you visit a branch or contact a Citibank representative by telephone:

  • To enroll and open the Citi Savings Account in the Citibank Account Package call 1-800-336-2484 and mention the “Promotion Code” 48MA5BT2BB.
  • To enroll and open the Citi Savings Account (and Eligible Checking Account, if you do not have one) in the Citi Priority Account Package call 1-866-458-9209 and mention the “Promotion Code” 48MA6W2APB.
  • To enroll and open the Citi Savings Account (and Eligible Checking Account, if you do not have one) in the Citigold Account Package call 1-866-535-2012 and mention the “Promotion Code” 48MA4FYTGN.

Enrollment and participation in this promotion does not guarantee eligibility.

After enrollment, how do I make qualifying deposits?

Between October 3 and December 31, 2017 (“Offer Period”), Eligible Customers must deposit a minimum of $25,000 in New-to-Citibank funds into the Citi Savings Account, or, if applicable, into the new or existing linked Eligible Checking Account in the same package (“Qualifying Deposits”). Qualifying Deposits must clear and be included within the Citi Savings Account’s or Eligible Checking Account’s available balance within ten (10) business days after opening the Citi Savings Account. “New-to-Citibank” funds are funds not currently held by Citibank N.A. and must be deposited via ACH, Direct Deposit, and/or via checks or wires from non-Citi institutions. Cash deposits do not qualify as New-to-Citibank funds. In order for the Citi Savings Account to receive the Promotional Interest Rate, the Citi Savings Account and, if applicable, Eligible Checking Account, must be in good standing. To earn the promotional rate there must be a minimum of $25,000 in the Citi Savings Account.

The Promotional Interest Rate is only applicable to the Citi Savings Account.
All accounts subject to applicable terms, fees, and charges. Fees may reduce earnings.

How is the promotional interest rate calculated?

We use the daily balance method to calculate the interest on your account. This method uses the daily balance of all deposited funds in your Citi Savings Account on which we have received credit to determine whether interest will be calculated at the Promotional Interest Rate or at the Standard Interest Rate and the applicable account balance range. This method may cause a change in the amount of interest you earn depending on the daily balance changes in your account. Interest will compound daily and will be credited into your new Citi Savings Account at the end of each monthly statement period.

Important Tax Information: The bonus interest will be reported to the IRS as interest, in the year received, as required by applicable law. Bonus interest received by U.S. persons will be reported on IRS Form 1099-INT for the year received. Bonus interest received by non-U.S. persons will be reported on IRS Form 1042-S for the year received. Customer is responsible for taxes and consulting a tax advisor. To be eligible for the bonus interest, a U.S. person must have a valid Form W-9 on file, and a non-U.S. person must have a valid Form W-8BEN on file, and the account must not be subject to back-up withholding.

Can I enroll in multiple savings account offers?

Yes, however, each promotion must be funded separately. Customers may participate in more than one savings account offer during the Offer Period if they have more than one savings account, but each savings account is eligible for only one offer.

Separate enrollment of eligible consumer checking account in Citi ThankYou® Rewards required. Eligible customers with a checking account in the Citi Private Bank Account, Citigold Account, Citi Priority Account or The Citibank Account Packages can enroll their checking accounts in ThankYou Rewards. Eligibility and participation are subject to terms, conditions and restrictions. Customer must be a citizen or resident alien of the United States (U.S.) with a valid U.S. taxpayer identification number. Taxes, if any, are customer’s responsibility. You must complete 1 qualifying Bill Payment and 1 qualifying Direct Deposit each statement period in order to earn monthly ThankYou® Points for eligible products and services linked to your checking account. Citigold®, Citi Priority and Citi Private Bank clients who do not complete these transaction requirements can earn points at a reduced level. You can earn Points for only one (1) eligible product or service within any particular category per statement period. For more details, see the Citi ThankYou® Rewards Terms and Conditions.

Citibank does not charge you a fee for using the Citi Mobile App. However, you must have a web-enabled cell or smartphone to use the Citi Mobile App, and your wireless carrier may charge you for this service.

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