xerty said:This is looking even better than the e-savings account as that one just dropped to 4.25% (down from 5% earlier this year). Then again, maybe I should consider a bank that doesn't require all this hassle for keeping a halfway decent rate lest we think this account will still be competitive in 6 months....

The e-savings dropped to 4.25% from 4.5% but the ultimate savings went up to 4.75% from 4.65%.

The ultimate money is the same at 5%.

Citi confuses me. I don't mind working for the interest rate as long as they keep it high.

timothy86 said:xerty said:This is looking even better than the e-savings account as that one just dropped to 4.25% (down from 5% earlier this year). Then again, maybe I should consider a bank that doesn't require all this hassle for keeping a halfway decent rate lest we think this account will still be competitive in 6 months....

The e-savings dropped to 4.25% from 4.5% but the ultimate savings went up to 4.75% from 4.65%.

The ultimate money is the same at 5%.

Citi confuses me. I don't mind working for the interest rate as long as they keep it high.

Timmy I closed my E-Savings and Ultimate Savings account last month when Citi changed the FMA program from treasury sweep to BDP tiered rate that pays 4.99%. I keep Utimate MMA just for TYP currently have 5 cents in the account. Figured who hells needs to deal with Citi games anymore now I am getting almost 5% on my SB checking account and my Citigold Checking account is still using the old Treasury sweep. So if T-bills rates go up I can switch back to Citigold checking account when T-Bills rates are down can switch back to FMA checking and always get granteed min rate of 4.99% in a checking account with no transactions limits at all.

Also with Citi now allowing people to buy into SB MMF which also pays 4.99% not sure why people even bother some times with Citi savings accounts and games as SBCXX is a market rate which should state right around 5% and wont require you to jump though hoops to get that rate or open a new account every couple of months.

Now this has a $50 Signup Bonus

Link

asarat said:Now this has a $50 Signup Bonus

Link
Excellent! Too bad this promo's terms are unambiguous about being for only new deposit customers:

Fine print:

‡ $50 Account opening bonus 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 open a new regular checking and Ultimate Money Account by 08/31/2007. $50 will be credited to your regular checking account within 120 days from the end of the statement period in which your account was opened. Account must be in good standing at the time of the $50 credit. The amount of any bonus payment will be reported to the IRS as interest earned in the year credited.

I have been able to add the account without any problem. Do you have too many Citi Accounts? Having too many accounts linked to your Citi account may require you to do a "setup" a second time to capture the remainder...

Oh - this problem I used to have, and then it went away. One of those incorrectly "titled" accounts is really a different account. It's all a mess. You basically have to guess which goes where.

My Citi Ultimate Money Account downloads into Quicken just fine except it shows up as a checking account. When I complained about that I was told it a Money Market account which is why it downloads as a checking account. So I asked if I could order checks to use with this account and was told this account does not allow checking writing. So I said shouldnt it be a savings account then as only difference between Money Market Account and savings account is a Money Market Account allows 3 checks to be written against it per month. CSR said she had no idea.

mickcris said:As of today UMA has a 5.10% APY per the Citibank website.

That's awesome, gotta love Citi. The Utlimate Savings went up to 4.75% about 1-2 months ago I was waiting for this one to rise!

maybe will drop after 9.18
mickcris said:As of today UMA has a 5.10% APY per the Citibank website.

icecube said:Very interesting considering Wall Street is expecting a 25bp rate cute from the FOMC on the 18th...even hoping it will be 50bp. FOMC has been pretty mum about it but has mentioned it doesn't want to bail out the stock market and all the housing/mortgage woes...

What is so interesting? BOA raised the rates no Defenders of Wildlife Money Market account 51 basis points over the last 2 weeks.. 25 basis points a week. All it means maybe is Banks are trying to attract deposit maybe because it is cheaper for them to pay you 5.10% vs paying the Fed 5.75% at the discount window. Also could just mean that banks are trying to horde cash right now in case the turn down in the mortgage really get bad.