New Citigold offer: S$1,000 cash, iPhone 14 or Sony PlayStation 5, plus up to S$16,855 welcome bonus


Open a Citigold account with a min. deposit of S$250K and get S$1,000 cash or a choice of gadgets, plus additional cash from Citibank.

From now till 30 April 2023, new-to-bank customers who open a Citigold account through SingSaver will be eligible to receive a choice of S$1,000 cash, iPhone 14, or Sony PS5 Bundle.

Sign Up for Citigold

In addition to this, they’ll also be able to earn additional cash rewards from Citibank, including some easy ones like:

  • S$450 for depositing S$250K in funds (which you need to do anyway for the SingSaver reward)
  • S$300 for holding a principal Citibank credit card

SingSaver Gift

New-to-bank customers who apply for a Citigold account through SingSaver by 30 April 2023 (with account opened within one month from application) will receive a choice of:

  • S$1,000 cash
  • Sony PlayStation 5 Bundle, consisting of
    • PlayStation 5 Console, Disc Version + 1 controller
    • 1 additional DualSense Wireless Controller
    • 1x SteelSeries Arctis Nova 1P Gaming Headset
    • 1x PlayStation 5 DualSense Charging Station
  • Apple iPhone 14 128GB

They will be required to deposit a minimum of S$250,000 in fresh funds in a Citi Wealth First Account by the following dates:

Month of Account OpeningDeposit min. S$250K AUM in fresh funds
1-30 Apr 2023By 30 Jun 2023
1-31 May 2023By 31 July 2023

The S$250,000 must be maintained until the point of reward fulfilment, which is up to four calendar months.

Customers who open their account in April and deposit the minimum funds by 30 June will receive their gift by 31 August. Customers who open their account in May and deposit the minimum funds by 31 July will receive their gifts by 30 September.

⚠️ Who is considered new-to-bank?
“New-to-Bank” refers to a Citi Customer who fulfils the following criteria:

  • is not a U.S. Person;
  • is at least the age of 18 during the Enrolment Month;
  • does not have a primary Banking Account or primary relationship in each of the last thirteen (13) calendar months before the Enrolment Month;
  • does not have any AUM in each of the last thirteen (13) calendar months before the Enrolment Month; and
  • opens a primary sole Banking Account or a primary joint Banking Account with a person who does not have any Banking Account/ relationship with Citi

For the avoidance of doubt, holding a Citibank credit card or personal loan will not disqualify you from “new-to-bank” status.

The T&Cs of this offer can be found here.

Application Steps

Here’s the steps to take note of. 

  1. Apply through any of the links in this article
  2. You will be directed to a SingSaver landing page. Enter your email address and click “confirm”
  3. Complete your application and take a screenshot of the Application Reference Number (for Citibank, it’s 12 alphanumeric characters)
  4. Fill in the SingSaver rewards form that will be sent to your email within 14 days of bank account application. It’s vital you fill in the form- no form, no reward. 

The gift will be fulfilled within four calendar months. If you have not received any correspondence by this time, contact [email protected] for assistance. 

Citibank Gift: Up to S$16,855 rewards

On top of the SingSaver offer, Citibank is running a promotion of its own for new Citigold customers, which is valid for accounts opened by 30 June 2023.

New Citigold customers can earn further cash rewards from Citibank by completing certain actions as shown below: 

For a better understanding of how the investment and insurance bonuses are calculated, do refer to the T&Cs. 

As a reminder, Citigold customers also earn a relationship bonus of 5-30% on any credit card points earned through the Citi Prestige Card. I’ve explained how that works in this post, but to summarise, here’s the impact on how many miles per dollar you earn. 

Apply Here
Card Review
 Local SpendFCY Spend
Regular1.3 mpd2.0 mpd
0-5 years1.36 mpd2.06 mpd
6-10 years1.38 mpd2.08 mpd
>10 years1.42 mpd2.12 mpd

Even a brand new Citigold customer would already be earning 1.36 mpd on all local currency spending with the Citi Prestige, one of the higher general spending earn rates on the market.


Sign Up for Citigold

New Citigold customers can enjoy S$1,000 cash or a choice of attractive sign-up gifts ( plus additional cash from Citibank) when they open a new account and deposit S$250,000 for ~4 months. 

If you’re interested, don’t forget to apply by 30 April 2023, and fill out your rewards form as soon as possible.

Aaron Wong
Aaron Wong
Aaron founded The Milelion to help people travel better for less and impress chiobu. He was 50% successful.

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