You know times are tough when Uncle Sam, just like the rest of us, has to go to a bank - red, white and blue top hat in hand - and ask for a loan.
That’s exactly what "The New York Times" reproted Tuesday, as the Federal Deposit Insurance Corp. may have to borrow money from banks to fatten up its depleted cash resources.
Traders are already joking that banks shouldn’t get back into the business of lending money to unqualified buyers, but the bigger takeaway is that banks are actually healthy enough to bail out the U.S. government.
That should mean banks are also big enough to offer bank deposit customers some good deals.
Actually, we are seeing more deals, especially from bigger banks, that could put more cash into bank investors' pockets. Here are the best of the lot from this week:
Here’s the deal: Open a Citibank regular checking account by the end of this month (Sept. 30) and pop $1,000 into the account.
To earn the free $100, make one direct deposit within 30 days; or make two bill payments through your online Citibank account, and you’ll qualify for the bonus. You can also earn the money by making five non-PIN debit card transactions within a month – then do the same thing again for three straight months to earn the $100 bonus.
Note you can’t open an account at Citibank branches. Also, the offer is not available for existing Citi customers.
It’s a good deal, but make sure to read the fine print.