just called. Money Market Plus @ CT is only 1.15% APY starting from today.

TooManyCards said:Ultimate Savings and Ultimate Money are both down to 1.3% now.

a little off topic, but i didnt want to start another Citi thread. (or should i have?)

for Ultimate Savings and Ultimate Money, you're allowed 6 withdraws per statement cycle.
i was at a teller to cash some checks. i just wanted about 1/2 the amount plus a roll of quarters, and deposit the rest. after she gave me the $, she forgot the roll of quarters. she gave that to me, then she gave me my deposit slip.

she deposited the full amount into Ultimate savings, then withdraw the $ i wanted, then another withdraw for $10 for the quarters.

i told her i didnt want any withdraws because i'm limited to 6 for my account. She said if you use the teller, it doesnt count towards your 6.

wow.. I never knew this.
well, we shall see in next month's statement cause now i expect to be over the limit by 1

what? ATM withdraws dont count towards your 6 limit?!

Can you still open a new Ultimate Savings acct, funding with a rewards cc as a purchase, then removing the funds, paying off the card, closing the account, rinse repeate?

Is this still a viable strategy?

Does any one else have an experience as to how often you can open new accounts with a credit card and accrue points?

It is a nice feature if it can be repeated (especially since they seem to have a habit of introducing new types of saving accounts you must get if you want the maximum rate). A few points from making the small required minimum deposit can come in useful, but may not be worth the trouble unless you are opening an account anyhow.