Update 5/12/26: New link, but levels are worse at:
- $250 per $10k deposit
- $500 for $30k deposit
Valid until 23.05.26. Hat tip to the reader double_and burn
Update 4/14/25: New connectionvalid until 26.04.25.
Update: This appears to be a public offer to anyone in the geographic region who has a Citizens Bank checking account and a savings account. This works for existing checking/savings holders as well as someone opening a new checking and/or savings account. We have now added the direct link below. The offer code is RSAV-635-DF.
Offer at a glance
- Maximum bonus amount: 500 dollars
- Availability: CT, DE, MA, MI, NH, NJ, NY, OH, PA, RI, VT, VA, DC, MD, FL
- Deposit required: 10,000 dollars
- APY: 0.07% APR
- Hard/soft pull: Gentle pull as long as you withdraw from overdraft protection.
- ChexSystems: Mixed data points
- Credit card financing: ANY
- Monthly fees: Avoidable
- Early account closure fee: ANY
- Family boundary: ANY
- Expiration date: Valid April 17 – April 30, 2024
Offers
Direct link to the offer to open check+savings | Link for existing checking customers to unlock savings | Link for existing Checking+Savings customers to make a deposit
Many people are reporting the following offer from Citizens Bank:
- Citizens Bank offers a $500 bonus when you open a new savings account and deposit $10,000 over 5 months or $250 if you deposit $5,000 over 5 months.
Fine Press
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1 To Earn Bonus: You must, 1) have an existing personal checking account or open your first new personal checking account between 24.4.17 and 30.4.24 and, 2) have an existing personal savings account or open your first new personal savings account between 17.4.24 and 30.4.24 and have the minimum total deposit required (with a deposit not currently saved) 4/17/24 and 4/30/24.
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For account holders with more than one savings account, the total minimum deposit amount must be made in a single savings account and then the funds must remain on deposit until September 30, 2024. Deposits between $5,000-$9,999.99 will receive a 250 dollars bonus or deposits of $10,000 or more will receive one 500 dollars bonus.
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qualification: Your new or existing accounts must have a balance greater than zero and remain open and active by the payment date shown in the table below to qualify for this offer. The savings account must maintain the required balance through September 30, 2024. Money market accounts, CDs, and Citizens Access accounts are excluded.
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Suitability: The customer will only be paid one bonus, once for this program. Only one savings account is eligible for a bonus. Offers may be withdrawn without notice. The suitability of the offer is determined at the sole discretion of the citizens.
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Payment: The bonus will be deposited into the checking account by the date shown in the table below and will be labeled as “Builder Balance Bonus”. If your current account is closed before the payment date shown in the table below, then your savings account will no longer be eligible for this offer. The bonus will be reported to the IRS for income tax purposes.
- All bank account bonuses are treated as income/interest and as such you must pay tax on them
Avoidance of fees
Monthly fees
This account has no monthly fee as long as you have a Quest checking account.
For the Single Deposit Savings Account, you can maintain a minimum daily balance of $200 to waive the monthly maintenance fee. There is no monthly maintenance fee when you are under 25 or over 65. The account will automatically receive a waiver of the first 4 months of maintenance fees.
Early account termination fee
As far as we know there is no early termination fee.
Our verdict
We just saw public offering of $300 expire. This offer is bonus is better, although remember the downside in the lack of interest earning and 5 month closing. Still a 5% return in just 5 months is a solid return (equals to about 12% APY) and worth considering.
I have a Citizens Bank checking and tried to open a savings account with the online link, but I’m having trouble adding the savings account. I’m a bit confused about how to sign up for this offer – maybe every customer who adds $5000/$10000 to their savings account will get the bonus, without having to sign up for the offer in any way. Let us know if you get this to work.
Hat tip to Mark from ball and for the reader Sylvester Lone
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