Citi® Citi Mortgage Relationship Pricing up to $500 or 0.625% off Bonus

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Citi® : Citi Mortgage Relationship Pricing

up to $500 or 0.625% off

3.6

BankBonus.com score

Availability

Ease

Amount

Fees

Offer Expires In

Limited Time Offer

How To Earn The Bonus

  1. Have an existing Citi deposit account or open a new one (be sure to check for any sign-up bonuses!).
  2. Within 5 business days following final loan approval, have a combined balance across all eligible accounts of less than $50,000 to earn a $500 closing cost credit. Balances above $50,000 will earn a tiered interest rate discount, starting at 1/8%, up to 5/8% for those with $2M+.
  3. Set up automatic mortgage payments from your deposit account.
  4. Bonus will be applied at closing.

Available in Your Area?

Yes

Monthly Fees?

See Website

Open Online?

Yes

Credit Pull?

Soft

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at Citi®

Citi is known to give special loyalty perks to current customers. For example, having a Citigold® account can save you $145 on your Citi® / AAdvantage® Executive World Elite Mastercard® annual fee.

Likewise, if you're shopping for a mortgage and already have a Citi personal checking and/or savings account (or are willing to open one), you can potentially save some serious cash.

The Citi Mortgage Relationship Pricing promotion essentially says that if your set up automatic mortgage payments from your Citi deposit account, you qualify for either a closing cost credit or an interest rate discount for the life of your home loan.

Which discount applies depends on the amount you have cumulatively across any personal checking accounts, personal savings accounts, linked Citibank IRAs and/or CGMI investment accounts:

  • $1: $500 off closing costs
  • $50,000: 1/8% off interest rate
  • $200,000: 1/4% off interest rate
  • $500,000: 3/8% off interest rate
  • $1,000,000: 1/2% off interest rate
  • $2,000,000: 5/8% off interest rate

How To Earn The Bonus

The Citi® Citi Mortgage Relationship Pricing promotion requires you to deposit and maintain a minimum balance in order to earn the up to $500 or 0.625% off (step-by-step breakdown is listed above!).

As with any offer, don't forget to read the fine print before opening your new account. It's where the bank will clearly state who is eligible for the deal along with any nuances you'll want to be aware of.

The fine print

  • A Citibank deposit account – which means a Citibank personal checking and/or savings account as well as certificates of deposit and money market accounts – is required to receive the interest rate discount or closing cost credit.
  • Deposit account balances must be in the account five (5) business days following final loan approval and investment account balances must be in the account six (6) business days following final loan approval.
  • Eligible balances means total funds showing in the account less any funds needed for a down payment or closing costs.
  • Eligible balances are total funds showing in the account less any funds needed for a down payment or closing costs.
  • Accounts whose balances count cumulatively toward the eligible balances are any Citibank personal checking accounts, Citibank personal savings accounts, linked Citibank IRAs and investments held in linked Citigroup Global Markets Inc. ("CGMI") accounts. The borrower must be an account holder on investment accounts. IRA and annuity positions shown on linked CGMI Account statements are eligible (except tax qualified annuities under sections 401, 403, or 457 of the Internal Revenue Code). Balances from Citibank Business / Commercial accounts, ERISA accounts, Keogh accounts, Bank Collateral accounts, Foreign accounts, Fiduciary accounts, and Trust accounts where the borrower is only listed as the Beneficiary are excluded. All Custodial type accounts are excluded with the exception of Custodial IRA accounts through Citibank or Pershing LLC where the borrower(s) is the beneficiary, which are eligible unless otherwise noted. Citibank IRAs that are not linked to a Citibank Deposit Account are excluded.
  • Actual interest rate discount and closing cost credit will depend on the level of the Citi Eligible Balances, which will be verified after final loan approval.
  • Citi Mortgage Relationship Pricing benefits cannot be combined with other offers or incentives.
  • Citibank mortgage relationship pricing for Citibank account holders can only be applied prior to loan closing and is subject to account and balance validation.
  • Citibank Mortgage Relationship Pricing is subject to change without notice.
  • The closing cost credit offer will be applied at closing and may not be used prior to closing. In Texas, the credit may not result in you receiving cash back.

How does this personal checking offer from Citi® compare?

To help you determine how this bonus stacks against the rest, here are some of the most popular offers available right now:

PNC

Virtual Wallet®

Bonus
up to $400
Account Type
Personal Checking
Expires In
35 days
Requires
  • Direct Deposit

TD Bank

Beyond Checking

Bonus
$300
Account Type
Personal Checking
Expires In
219 days
Requires
  • Direct Deposit

U.S. Bank

U.S. Bank Smartly® Checking

Bonus
up to $700
Account Type
Personal Checking
Expires In
31 days
Requires
  • Direct Deposit
  • Min Balance (optional)

Why Citi®?

Citi is headquartered in New York and has around 2,600 locations worldwide (about 1,000 of those are here in the U.S.) and over 65,000+ ATMs worldwide. So you really never need to worry about getting access to your cash.

Citi is best known for their credit cards, but they offer just about every product you'd expect from a big national bank – covering banking, lending, investing, and wealth management.

What we really love about Citi is the consistent promotions, usually available nationwide. When you open a new account or credit card, Citi will very often give you bonus cash.

What's more, Citi promotions are often tiered. The low requirements make the offers accessible to most people, but even better, Citi will reward you big if you can meet the highest terms.

Citibank® Account

The Citibank Account might be a good option for those who can maintain a higher minimum balance in their checking and savings. If you can swing it, this account comes with some added perks.

If you meet the minimum average monthly balance of $10,000 between your linked accounts, you’ll get access to Citi ThankYou Rewards Points, and waived fees at non-Citi ATMs.

The Citibank account also pays interest on your checking deposits. But at an APY of only 0.01%, it’s not much to get excited about.

Fees

See Citi® website for more information regarding fees.

Citi Priority Relationship Tier

Citi Priority Relationship Tier gives customers more access to professional financial guidance.

With this account, you’ll be able to chat with Citi Priority Advisors at your local branch or over the phone. You’ll also have access to other investment resources and financial planning tools.

Like the Citibank® Account Package, you’ll qualify for preferred pricing and rates on other services throughout the bank.

Fees

See Citi® website for more information regarding fees.

Citigold® Checking Account

The Citigold® Checking Account takes things a step further than the Citibank® and Citi Priority by setting you up with your own dedicated financial team. This includes a relationship manager, as well as a wealth advisor.

There’s no monthly fee, but to keep your account, you need to maintain a minimum balance of at least $200,000 between your linked checking, savings, and investment accounts.

Fees

See Citi® website for more information regarding fees.

Citi® Savings Account

The Citi® Savings Account is the bank's standard savings account and is only available in certain locations (for anywhere else, check out their HYSA Citi Accelerate).

The Citi® Savings Account can be linked to a checking account which can save cash in monthly fees, or opened as a standalone product.

Like most savings accounts these days, the interest rates aren't great. But Citi does offer features like automatic transfers with Auto Save, unlimited withdrawals, and instant transfers between Citi accounts.

Citi® Savings is currently available in CA, CT, DC, MD, NJ, NV, NY, VA and select markets in FL and IL.

Fees

See Citi® website for more information regarding fees.

Citi® Accelerate Savings

If it’s available in your state, Citi® Accelerate Savings is an attractive high-yield savings account (HYSA) option.

The standard APY for Citi® Accelerate Savings is one of the highest interest rates you can expect to see at any bank. It's especially high for a big bank.

Like the standard Citi® Savings account, the Citi® Accelerate Savings account can be linked to a checking account which can save cash in monthly fees, or opened as a standalone product.

The account comes with features like automatic transfers with Auto Save, unlimited withdrawals, balance alerts and instant transfers between Citi accounts. You may also have the option to use your Citi® Accelerate Savings account to cover overdrafts on your linked checking account using "Safety Check", depending on package type.

Citi® Accelerate Savings is currently available in: AL, AK, AZ, AR, CO, DE, GA, HI, ID, IN, IA, KS, KY, LA, OK, ME, MA, MI, MN, MO, MS, MT, NE, NH, NM, NC, ND, OH, OR, PA, RI, SC, SD, TN, TX, UT, VT, WA, WV, WI and WY, and select markets in Florida and Illinois.

Fees

See Citi® website for more information regarding fees.

The content on this page is accurate as of the posting date; however, some of the offers mentioned may have expired or changed.

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There have been 1 comment about the Citi® Citi Mortgage Relationship Pricing up to $500 or 0.625% off Bonus.

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Nicholas

November 15, 2023

This doesn't seem like a normal bonus since it requires a mortgage, but I guess it might be nice if you're buying a house anyway. I'll keep this in mind for a few of my friends that are currently looking for a house.

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