Greg over at the reality TV blog dingoRUE.com sent me the heads up on a promotion Citibank is running in their search for new customers. Right now, if you sign up for a Citibank direct ultimate saving account, Citibank will give you $100 of cold hard cash.
$100 offer is only available for first-time Citibank deposit account customers, and will be paid only once to any individual. Persons who currently have or at any time have had a deposit account at Citibank (or any of its predecessor banks) are not eligible. To receive this offer you must apply for and open a new Ultimate Savings Account by 5/31/2007. $100 will be credited to your Ultimate Savings Account within 90 days from the end of the statement period in which your account was opened. Accounts must be in good standing at the time of the $100 credit.
All accounts are subject to approval. Customer must be a citizen or resident alien of the United States (U.S.) with a valid U.S. taxpayer identification number. The amount of any bonus payment will be reported to the IRS as interest earned in the year credited. Persons under 18 years of age are not eligible. Offer may be modified or withdrawn at any time without notice and is not transferable.
The ultimate saving accounts looks like a good place to park your money while you await the next million dollar deal to come along. Deposits are FDIC insured up to $100,000 and there is no monthly fee or minimum balance required to earn the 4.65% interest.
Too bad I’m not a citizen of the United States or I’ll open an account right away. If you’ve never been a Citibank customers, they’ll give you $100 to try them out. Getting $100 to open a bank account is good deal but it’s not as good as the deal my TD Bank ran a few months back. They gave anyone who was not a TD customer a brand new iPod Nano for opening account.
I think the banks have more money than they know what to do with.