Up to $3,500 Bonus for New Accounts: Maximize Your Savings with Citi’s Limited-Time Offer

Citi is offering customers the chance to earn sign-up bonuses of up to $3,500 when they open a new savings account and complete required activities. However, there are several tiers and requirements to qualify for the bonuses, with existing Citi customers who enroll by January 9, 2023, eligible for bonuses ranging from $40 to $3,500 based on their account balances, according to Market Watch on January 4, 2023.

To qualify for the bonuses, customers must maintain their balance for 60 straight days. Customers must wait until the “maintenance period,” which Citi refers to as the “21^st day after your 20^th day,” in order to be eligible for a bonus, according to Citi.. Any accounts that fall below the required balance during the maintenance period are subject to a reduced bonus.

The annual percentage yields (APYs) for the account can range from 0.05% to 0.15% depending on the package chosen, and there are monthly service fees of $10 to $30 if certain balance and activity requirements are not met. It is important for customers to carefully read the fine print and consider the conditions and fees before opening a new account for a sign-up bonus.

Other high-yield savings accounts, such as UFB Best Savings and Bask Interest Savings Account, offer APYs of 4.11% and 4.03%, respectively. Customers may want to consider the current rate environment and look into online banks that offer high yields before deciding on a savings account. It may also be helpful to consult with a financial advisor or other professional before making a decision.