Citibank's e-Savings must be linked to a Citibank EZ Checking account, but it has no monthly fees and no balance requirements.
If you open EZ Checking and e-Savings before 12/31/2006, EZ Checking will be free of monthly maintenance and per-check fees regardless of balance or direct deposit, etc.
Here is the link for the e-Savings account:
Citibank e-Savings
Way to avoid hard inquiry if you already have saving and checking account with Citibank. Just follow what andrewli said below.
andrewli said:
1) Log into Citibank Online
2) Click the "Welcome" tab, followed by "Products and Services"
3) Click on e-Savings, followed by "Apply"
4) Your name and address should populate on a screen with a blue background with "Your account will be opened instantly"
This works for any product you want to open with Citi (the bank, not credit cards).
Rate increased to 5.00% !!! 
As of 6/25/06, or earlier.
WARNING: Citibank does a hard inquiry for opening this account. Read above to see how to avoid hard inquiry.
ThankYou points information. By opening a Savings account linked to your Citi checking account, you are eligible to get "thankyou" points each month.
Here is a fatwallet discussion on this
thankyou-points
Direct e-Savings LINK
7-Eleven to offer free ATMs to Citibank customers
Now it's only 4.75% APY. updated 01/31/07
Down to 4.50% APY (updated 04/03/07)
Down to 4.25% APY (updated 6/10/07)
Rates are current for the Citibank e-Savings Account as of 05/16/2005 and are subject to change. Rates may change after the account is opened and fees could reduce earnings.
To open a Citibank e-Savings Account you must have or open a checking account in the Citibank EZ Checking, Citibank Account, Citibank Everything Counts Account or CitiGold Account relationship package. Your Citibank e-Savings Account must also appear on the same statement as your checking account. Regular Checking accounts do not earn interest. Fees may apply to the checking account.
Deposits subject to Citibank's standard funds availability delays. The maximum account deposit balance, exclusive of interest, is $250,000.
*Citibank EZ Checking package is free of monthly maintenance fees and per-check fees with 2 or more qualifying electronic bill payments from, or a direct deposit to, a Regular Checking account during the monthly statement period. Otherwise, when the $1,500 minimum balance requirement is not met, your package will be subject to a maintenance fee and a per-check fee.
Qualifying electronic bill payments are individual or recurring bill payments that you make to a third party: by preauthorized transfer; using Citibank Online; or using CitiPhone Banking bill payment service. Staff assisted bill payments are subject to monthly service charge of $4.95. Payments you made by check do not qualify.
†Forbes.com's Best of The Web chose Citibank Online as its favorite online banking site in its Spring 2005 issue.
Their are following up with ING now. Is it really no minimum balance and no fees as Ing?
When I try to signup I am greeted with this prompt "Please enter your special offer code"
pretty good deal for those who just got their Citi EZ checking (for ipod mini perhaps) and have to maintain 1500 in order to waive fees. Not good for me, cuz I have 1500 tied to CDs, but oh well.
Also, opening more citi accounts can help you increase your citi thankyou rewards points. I believe savings are counted. every one service you add (such as savings, CDs, direct deposit, bill pay, etc.)
thankyou-citi
winter said:When I try to signup I am greeted with this prompt "Please enter your special offer code"
Go through the OP's link. Offer code is CD2F.
Edit - code through link does not appear to work
Code CD2F doesn't seem to be working.
nuclearfusion said:winter said:When I try to signup I am greeted with this prompt "Please enter your special offer code"
Go through the OP's link. Offer code is CD2F. Did that and it still prompts for a code, also tried entering that code (CD2F) manually - doesn't work for me.
same here- and i couldn't find anything about it on citibank's website either.
will try calling CS today...
nuclearfusion said:winter said:When I try to signup I am greeted with this prompt "Please enter your special offer code"
Go through the OP's link. Offer code is CD2F.
Edit - Code through link does not appear to be working.
The CSR i talked to just now tells me that this e-savings promotion was postponed to the 'mid to latter part of june'
and the link should have been taken down
I don't see why Citi would postpone it. Are they thinking that interest rates would go up a little more by then, or that ing or emigrant would lower their rates?
maybe they're afraid they aren't ready (and can't handle the questions from people. ^_^)
VivYip said:maybe they're afraid they aren't ready (and can't handle the questions from people. ^_^)
Has that ever been a concern for citi? Maybe their T&C were too specific to provide the wiggle room for them to back out of commitments!
Who knows how long citi's offer will last, just stick with ING if you have it. If you don't, then I would highly recommend them! They have always had a solid APY thats been higher than the national average by far! They are truely the best bank I have ever dealt with. With all the hidden fees Citi has, you will get nailed by them sooner or later through one of their linked accounts. I already have a CC through them and they stuck it to me a few times! Besides, you can earn 25 bux through ING if you get a referral from someone who has an ING account and the refferer gets $10.
ING ownz all! 
No doubt ING is great. For years they had, far and away, the best MMA rates. But this year some other banks have stepped it up and ING hasn't exactly kept up, rate-wise at least. Service/interface still my favorite though. Check out this excellent thread for more info.
Besides, you can earn 25 bux through ING if you get a referral from someone who has an ING account and the refferer gets $10.
I've wondered why I don't see FWers offering to refer other FWers (or to be referred), to take advantage of this.
referrals are not allowed. ^_^
(I miss the days where there was a referral forum...sigh)
ah the amount of spam that is produced
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