CITI Wealth Management has new promotions for 2018 (see below).
For the larger amounts the bonuses are less than firms such as Ameritrade, Fidelity, E*Trade, Merril etc.
For smaller amounts they are more competitive.
The $600 for $100,000 has the potential for raising your rate of return by 1.8% (4 months holding period), which is one of the best deals out there.
I notice for instance that a million to Ameritrade gets you $2500, but sending $100,000 to CITI, $250,000 to Ameritrade, $200,00 to Merrill, and $200,000 to Capital One, and $200,000 to Fidelity gets you $600 from each firm, or $3000 for moving $950,000.
The offers are attractive because of shorter holding periods than most firms. Money put in during January need only remain until 4/30/18 to qualify for a bonus to be paid by Aug 1, 2018, which seems to mean you could take most out earlier, and just leave the account open to receive the bonus.
You also may get the benefits of CITIGold status ($200,000), or their Priority category ($50,000), which may be worth something if you are a banking customer, or wish to be.
“$50,000 – $99,999 $250
$100,000 – $499,999 $600
$500,000 - $999.999 $1,000
$1,000,000 – $1,999,999 $1,500
For a limited time, you can earn a cash bonus when you fund a new Citi
Personal Wealth Management investment account and enroll in e-delivery
of statements within 2 months of account opening.”
“To qualify to earn a cash bonus reward, accounts must be funded in cash or securities and the account enrolled in e-delivery of statements within 2 months of account opening and the balance of the account must be maintained through the end of the following month shown in the chart below. For example, an account opened in January must fund their account and enroll in e-statement between 1/1/18 and 3/31/18, then must maintain funds until 4/30/18. Cash or securities must come from an external, non-Citi, source through a standard transfer method (e.g., a standard Transfer of Assets form, check, electronic funds transfer, ADM deposit). Transfers from a Citibank Retail account are not considered New-To-Citi Funds for purpose of this promotion. Foreign wires do not qualify as funds received.
The total funding for purposes of determining the bonus level funding considered for the promotion is defined as the total amount of eligible cash or securities received in the account minus withdrawals and transfers of securities out of the account as of the deadline to fund the account based on the month of account opening. Distributions, interest, and dividends from investments will not be counted. Market fluctuation will not impact eligibility for a particular bonus level.”