CitiBank Direct Ultimate Savings Bonus

I just saw an Adsense advertisement that CitiBank is currently offering a $50 bonus to people opening up a CitiBank Direct Ultimate Savings Account. While the rate isn't that stellar at 4.65% APY, the $50 bonus is pretty nice. Might be worth it to open an account with $1 to get the bonus. You can always close the account later or transfer the bonus out and leave the $1 seed money there.

The bonus is credited within 90 days. I couldn't find anything that says you need to keep the account open "x" number of months. I haven't used CitiBank's online banking service so I can't tell you how the interface or transaction speed is.

Direct link to the promotion page here.