Citizens Bank is offering a $1,000 bonus for those who sign up for a CollegeSaver savings account. It is an easy, manageable savings plan that will help your meet your college savings needs. To maximize the bonus, open the bank account before your child’s 12th birthday, then save the monthly minimum amount every year, and you’ll receive a $1,000 bonus when your child turns 18. You’re allowed to have one miss payment per year.
Attention: For residents of CT, DE, IL, IN, KY, MA, MI, NH, NJ, NY, OH, PA, RI, and VT
| PROMOTIONAL LINK | OFFER | REVIEW |
| Huntington Bank Unlimited Plus Business Checking | $1,000 Cash | Review |
| Huntington Bank Unlimited Business Checking | $400 Cash | Review |
| Huntington Bank Business Checking 100 | $100 Cash | Review |
Citizens Bank CollegeSaver Savings Account:
- Open a CollegeSaver interest savings account before your child’s 12th birthday.
- Save the monthly minimum amount every year.
- Receive a $1,000 bonus plus interest when your child turns 18.
Bottom Line:
Your best scenario is to start the account when your child is right before 12 years old. If that’s the case, then it would only be a 6-year commitment. Your return rate with the bonus comes out to be 6.40% annual rate of return on your money. Since this is not a 529 plan, you will owe taxes on the interest. However, the money can be spent on anything you wish and not necessarily for college only. Sign up today for this $1000 bonus through Citizens Bank CollegeSaver program. Find all bank promotions on our master list!
 The Ink Business Preferred® Credit Card offers 90,000 bonus points after you spend $8,000 on purchases in the first 3 months from account opening. That's $900 cash back or $1,125 toward travel when redeemed through Chase TravelSM. You'll earn 3 points per $1 on the first $150,000 spent on travel and select business categories each account anniversary year; 1 point per $1 on all other purchases - with no limit to the amount you can earn. Furthermore, points are worth 25% more when you redeem for travel through Chase TravelSM. This card does come with a $95 annual fee but does not have any foreign transaction fees. |
Curious how you came up with the 6.40% for the college saver account with citizens bank. as I see it you need to deposit a total of 7,050 to earn the 1000. so this is 14.195% if you divide by 6 years you get 2.37% annual.
you write that your best scenario is to start the account when your child is right before 12 years old. If that’s the case, then it would only be a 6-year commitment. Your return rate with the bonus comes out to be 6.40% annual rate of return on your money.
This is misleading. This is opening a child bank account and when they turn 18 (minimum 6 years) then you get $1000.