It seemed too good to be true to me. A similarly named institution appears on deposit accounts, Asian Pacific National Bank, which made me think It had at least some legitimacy.
Oh well live and learn.
I have that offer on my profile page every time I go to my BOA portal. $750, right. But don't you need to own a business or subS to open? And what are the requirements for deposits, auto ach's etc?Now is a time when being active rather than camping on top of a falling interest account can be worthwhile. Look for savings/checking/credit card sign up bonus offers. Gal and I are taking advantage of a BofA business checking offer (bank invitation only on this one) that will pay a bonus equal to 3% /annum for the next 5 months. This as we finish a 1st Federal required time in account that earned a bit better than that for the last six months. Sure it's extra effort, but what do you do all day? Beats making 0.6%
I have that offer on my profile page every time I go to my BOA portal. $750, right. But don't you need to own a business or subS to open? And what are the requirements for deposits, auto ach's etc?
I moved some cash from Cap1 to CFG Bank where I snagged a good CD earlier this year. Their high yield MM account is at . 9% compared to . 65% at Cap1.
I know CFG may drop it again but it seemed worth some clicks. Plus to punish Cap1.
FYI, they just lowered their 360 savings to 0.5%. I had put in $100k split between 2 accounts, from my 2% DERI account for 3 months ending 9/30/2020 when they were at 1.4% to get a $900 bonus. So actual bonus would have been about $800, because of lost interest. The day after the deposit, rate dropped to 1%. Between lost interest in the move and them dropping continuously from 1% to .5%, the actual net bonus will be about $650 now, compared to just leaving it where it was. I will be moving it all back to my DERI account which is at least now at 1.75%, on 10/1 and will leave $1 in each account to get my bonus. Like you said, just a few online clicks, but still....I was moving some money around this morning and noticed that my Capital One 360 savings account has silently moved down to 0.65% APR. It really bugs me how they don't send any notifications about these downward moves. .....
I just got off the phone with Navy regarding the requirements for the Easy Start Certificate @3.5%. Due to Covid they have waived the requirements of both the checking account and the direct deposit and you can deposit the entire $3000 limit at account opening. She also mentioned when this 12 month CD term is over the original requirements will be back in place for any new certificate special that they are offering. I gave her my bank info and they will be transferring $3000 from my external bank in the next few days. It's only $105 in interest but every little bit helps. Navy Federal is the best...My understanding was that if you didn't meet the criteria of having some sort of direct deposit then the interest rate would drop from 3.5% to 0.5%.
Have you passed the 90 days yet?
Hi All, I just met the required 90 day hold time in my CapitalOne360 account to get the $500 bonus, which means I can move all but $1 out of that account and into the next bonus opportunity account...while I wait for the $500 bonus to get deposited from CapitalOne360.
I was looking at current offers and saw this from Citi. From what I can tell: I would open a 'Priority Account Package', transfer >$50k within 30 days of opening, hold >$50k for 60 days, then they deposit the $700 bonus within 90 days of the 60 day marker. It says I can not adjust the package during the 60 day maintenance period. However, it seems you can "downgrade" during the 90 day bonus deposit period if I want to move the money out into another account and avoid the account maintenance fee of $30/month.
Any thoughts/cautions on this...or considerations for other offers out there, which are easy to initiate and manage?
Thanks and hope this helps others too!
FYI, they just lowered their 360 savings to 0.5%.
Just to pile on: our Costco card is by Citi and has given no problems, but Citi did manage to make some card/savings bonus adventure notably miserable for me and I believe they managed not to pay the bonus. Notable as that is an extremely rare experience for me. Unhappy customers of that bank (more than a few) spell the bank name substituting SH for the C.
We decided to apply for a Costco Citi card a week ago. It took them a week to approve with only a credit limit of $5,000. Our credit score is ~830.
Thanks. Never heard of this place right in my backyard. Looks like a solid community bank. No IRAs online, though.
They just dropped to .80%.
That's the way of the world.
I got a pretty good CD there as I said, but that was a while back. I think as these mature they are going back to some ST bind funds.
Yes quite a bind these days...
I have no first-hand knowledge of Citi's online savings accounts, but I have read numerous posts on several different forums (including here at e-r.org, I think) that Citi is one of the worst at paying sign-up bonuses in a timely fashion. Many different kinds of problems and issues have been reported. I would advise you to do more research on this offer before taking the plunge.