I remember someone saying recently this grace period of 4 months for the bonus interest could be avoided / could be reset someway. If anyone knows the answer that be great. thanks
Citibank Online Saver, reset of 4 month bonus period
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even when you have an existing one that has just expired
Yes, transfer funds from old to new then close the old account
If you open a second savings account while the first one is active you will not be eligible for any bonus interest.
You would need to close the first one i suspect and wait a set period of time to get the bonus.Citibank are quite good at not paying extra when they can avoid it
@Donaldhump: As long as you first close the old account then yes you can reset the bonus. If you open a second one you won’t get the bonus on the additional account.
@jimbobaus: How can u close the first one , before open the 2nd one
The money will have no where to go
@jimbobaus: Are you speaking from experience or just speculation? I've been doing this for the past 2 years
@jimbobaus: Would this work - get yr partner to open a/c and transfer and close every 4 months to get the bonus?
Too bad it’s not a good intro rate anymore. Only 1.55% for first 4 months now
Simply open a new account