I saw this post on John Chow’s blog about getting $100 for opening a Citibank Direct Ultimate Savings Account – and of course, I’m all over that.

Here’s the scoop:

$100 offer is only available for first-time Citibank deposit account customers, and will be paid only once to any individual. Persons who currently have or at any time have had a deposit account at Citibank (or any of its predecessor banks) are not eligible. To receive this offer you must apply for and open a new Ultimate Savings Account by 5/31/2007. $100 will be credited to your Ultimate Savings Account within 90 days from the end of the statement period in which your account was opened. Accounts must be in good standing at the time of the $100 credit.

All accounts are subject to approval. Customer must be a citizen or resident alien of the United States (U.S.) with a valid U.S. taxpayer identification number. The amount of any bonus payment will be reported to the IRS as interest earned in the year credited. Persons under 18 years of age are not eligible. Offer may be modified or withdrawn at any time without notice and is not transferable.

I didn’t already have a Citibank savings or checking account, so I was good to go. Opening the account was easy, and it was approved tonight. Deposits are FDIC insured up to $100,000, there is no monthly fee for the account, no minimum deposit, and you can earn an interest rate of 4.65%.

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