Luser said:I have an existing citibank account (Checking, saving and credit cards). Call citibank today and they told me that I need to deposit $25,000 to start an e-savings account. What the heck is that! Hang up and call back and make sure you get a different rep. Each one gives you a different story

Luser said:winter said:Luser said:I have an existing citibank account (Checking, saving and credit cards). Call citibank today and they told me that I need to deposit $25,000 to start an e-savings account. What the heck is that! Hang up and call back and make sure you get a different rep. Each one gives you a different story


Called back signed up!

Questions asked:
any other bank account?
own or rent your home?
any dependents?
any promo code? answered no Great - its funny how bad the internal communication is over there. You think they would send an internal memo to all explaining the product and that would be that.

I got asked the same questions except for the last one. I dont think they were really necessary to open the account, the rep tried to sell me on additional citibank products after we finished the e-savings account so I think she was just fishing for info to figure which products to pitch me (e.g. homeowner = refi and/or home equity loan) When I told her I had an ING account that this would replace she said that is exactly their target market for this account. Competition is a good thing, maybe ING will be forced to bump their rates up to stay ahead.

aegean94305 said:
Interesting! I was asked about the offer code. When I told her I didn't have one, the CSR actually went looking one for me! I guess they need it to fill in an application at their end.
I was also asked if I had any accounts with other financial institute, and they learned the name ING one more time.

Promo code is on the link in the first post in this thread. CD2F.

They have multiple promo codes, I think.

I saw a link today on both Weather.com and AOL.com (both had different promo codes). My friend, after I told them about the account called them up (without a promo code) and they still opened it up. I think they are just tracking where people are signing up from.

I converted my account late in the day today. My rep told me that depending on where I look/which function I am using, it will show up as Citibank e-Savings, PMMA, HYMMA, SYMMA or IMMA, but at ATMs and Online, it will be PMMA.

if you already have a citibank checking (for THOSE promos), then the e-savings is VERY useful...it also helps pads your thankyou points that come with the accounts...

otherwise, stick to the norms (ING,Emigrant, Virtualbank....)

(that's just my opinion...)

dagr8vik said:can someone verify that the e-savings account qualifies as an additional "service" for thank you points? I suspect that it might, but it is not (yet) explicitly listed on the thank you points website.

And if it does count- then couldn't you just keep adding different savings accounts until you get the max points?

I think it counts as a money market account.
Then, think about it this way. Even if it doesn't count toward thankyou points itself, with the 3% apy, you would be willing to put several thousand bucks in it. Then it easily qualifies for a free 'citibank account' package, which will earn you up to 800 points a month. Without this 3% rate, you are getting the same amount of points at the expense of interest yield. (or you'd have to keep large balance in credit cards. That's a different story.)

Check your accounts rates. they SCREWED UP my account..
.55 should NOT be the rate..

Day-to-Day Savings: XXXXXXxxx

$ 0.00 on deposit

$ 0.00 available now

0.55% your interest rate

0.55% annual percentage yield*

$ 0.00 interest earned last year

$ 0.00 interest earned

Mine shows as savings.. I called the Customer service.. asked for manager, they claiming systems down and promised to call me within few hours when computers are up and they can look up my account..
Citibank REALLY BLOWS... Open ING instead..

andrewli said:
I converted my account late in the day today. My rep told me that depending on where I look/which function I am using, it will show up as Citibank e-Savings, PMMA, HYMMA, SYMMA or IMMA, but at ATMs and Online, it will be PMMA.

What account type did you CONVERT to e-Savings?

I tried on a Day-to-Day Savings but it is a No-go.

Thanks.

digitalkai said:e-savings is one kind of savings/MM accounts. Here is a link you can see list of products/services that lead to TY points. Link. You may also try the estimation link. Actually all savings go to one "savings" service. 7 is maximum. Usually they are checking, saving, CD, Debit card, bill payment, DD, and checking plus. The last one requires credit check.

can you source your assertion that all savings accounts count as on savings service?
the reason i ask is because i calculated how many points i should get and i'm getting more (unidentified services are giving points)
see thread here