Citibank’s e-Savings Account just bumped up to a nice, round 5.00% APY.
This needs to be used alongside a Citibank Checking account. To avoid monthly fees, you need to one of the following:
- Direct Deposit,
- Make two monthly bill payments, or
- Maintain a $1,500 combined average balance.
If you don’t have the minimum balance, I would just set up an $1 monthly auto-pay for your electricity and phone bills or any other two recurring bills you have and you’ll be all set, with nothing extra to remember each month. If you overpay it just carries over to the next month anyways.
Sounds like a great deal if you use Citibank already for your other banking.
With all these recent rate bumps, should you move your money? Perhaps my Rate Chaser Calculator can help.
By Jonathan Ping | Banking | 6/26/06, 7:09am