Citizens Bank Savings Bonus 2026: Earn Up to $500 – Ends 5/23/26

Citizens Bank is offering a limited-time savings bonus worth up to $500 for customers who open or maintain eligible checking and savings accounts and deposit new money.

The promotion is available from May 8, 2026 through May 23, 2026.

The offer is only available locally. If you’re looking for offers available nationwide, check out our top picks here—including huge offers from Chase, CIT Bank and Axos Bank that you won’t want to miss!

Citizens Bank Savings Bonus Details

Earn $250 Bonus

Receive a $250 cash bonus when you:

• Deposit at least $10,000 in new money
• Maintain the balance through August 31, 2026

Earn $500 Bonus

Receive a $500 cash bonus when you:

• Deposit at least $30,000 in new money
• Maintain the balance through August 31, 2026

The qualifying deposit must be made in one single deposit.

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How To Earn The Bonus

1. Open Or Have Eligible Accounts

You must have both:

• A Citizens checking account
• A Citizens savings account

You can either:

• Open new accounts, or
• Use existing eligible accounts

Accounts must be opened between:

• May 8, 2026 and May 23, 2026

2. Deposit New Money

Make one qualifying deposit into your savings account by:

• May 28, 2026

Deposit tiers:

• $10,000–$29,999.99 → $250 bonus
• $30,000+ → $500 bonus

3. Maintain The Balance

You must maintain the qualifying balance through:

• August 31, 2026

4. Receive Your Bonus

The bonus will be paid into your Citizens checking account by:

• September 30, 2026

Eligible States

Citizens Bank branches participating in the promotion are located in:

• Connecticut
• Delaware
• Florida
• Maryland
• Massachusetts
• Michigan
• New Jersey
• New York
• Ohio
• Pennsylvania
• Vermont
• Virginia
• Washington, D.C.

Important Restrictions

New Money Requirement

“New money” must come from outside Citizens Bank or Citizens Access accounts.

Account Requirements

Both the checking and savings accounts must:

• Remain open and active through the payout date
• Maintain a checking account balance above zero

Exclusions

The following accounts are not eligible:

• Citizens Private Bank Savings
• Citizens Access Online Savings

Only one bonus is allowed per customer. Bonus amounts may be reported on IRS Form 1099-INT.

See the Best Checking & Savings Account Bonuses and Start Earning Free Cash Today

Is The Citizens Bank Bonus Worth It?

This promotion is best for customers who already planned to park a larger amount of cash in a savings account for several months.

Key positives:

• High bonus amount relative to effort
• Existing customers may qualify
• Personal and business versions available

Main drawback:

• Requires a sizable deposit and balance hold through late August

For customers with idle cash already sitting in a low-yield savings account, this can be a relatively easy way to earn an additional return on funds you already planned to keep liquid.