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jrr7,

You wrote, If you withdraw money from another account in order to meet citibank's minimum balance, you should consider the money you would have earned in that account as a cost. If you withdrew $1500 from a 3% account for 3 months, the interest cost is around $15. So you're only ahead by $135 or so.

I had considered this. Actually, I'll keep most all the cash in a linked savings account, which is earning 1.5% APY. That's the same rate my credit union is paying. What's more, I scavanged most of the cash for the Citibank account from the credit union savings account, so interest (not) earned shouldn't be much of an issue.

Had I been limited to the $50 offer, I probably wouldn't have opened the account -- which might have been best for Citibank, since I suspect I won't be keeping my money there much beyond the new year.

- Joel
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