Citibank Direct

So, Citibank is the latest to jump into the online only banking game. They are offering 4.5% rate for the e-savings account.

I called them since I had a couple of questions about how my existing accounts exist with this new e-savings account. One thing I found out is that the 4.5 is an introductory rate. The person I spoke with said that the e-saving rate will probably will drop at least 1 to 1.5 percent in a couple of months after the promotion runs its course.

I guess I will be go back to my other direct account after Citibank drops the interest rate. BTW, INGDirect pays pretty low compared to the other Direct banks out there..

Ah the games we all play both corporations and individuals to gain a penny.