I was catching up on my blog reading over the weekend, and I noticed John Chow had some very interesting news to share. It appears that you can get $100 if you open an account with them by the end of this month. From Citibank’s website:

$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.

This account seems to be a direct competitor to the one I use, ING Direct’s Orange Savings Account. At the moment, Citi appears to be offering a sliver better rate than ING… 4.65% APY vs. 4.50% APY, but with a bit of a disclaimer:

Annual Percentage Yield (APY) is accurate as of 05/15/2007 and is subject to change without notice. The rate will apply only to accounts opened through citibank.com or by phone, and may change after the account is opened. Fees may reduce earnings.

I’ll put on the docket to do a deeper-dive review of Citibank’s account, but I wanted to get this piece of news out to you while the offer is still good.

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