Citizens Bank College Savings Receive $1,000

[jose34]

Interesting Offer here:
Start saving in three easy steps:

Open a CollegeSaver account before your child’s 12th birthday.

Save at least the required monthly minimum amount every year. $25 if child is under 6 years of age at opening, $50 if child is 6 or older but under 12 years of age at opening.

Receive a $1,000 bonus plus interest when your child turns 18.

https://www.citizensbank.com/savings/savings-accounts/college-plan.aspx

[12HRS]

Is there a way to get a better savings rate then the current rate I am showing?

I would be better off investing the minimum required even at 5% a year I would come out ahead.

[myi]

Interesting Offer here:
Start saving in three easy steps:

Open a CollegeSaver account before your child’s 12th birthday.

Save at least the required monthly minimum amount every year. $25 if child is under 6 years of age at opening, $50 if child is 6 or older but under 12 years of age at opening.

Receive a $1,000 bonus plus interest when your child turns 18.

https://www.citizensbank.com/savings/savings-accounts/college-plan.aspx

This is like a custodian account while the child is under 18?
 Seems like a win win situation, for a $50 Investment or 25.

[myi]

Is there a way to get a better savings rate then the current rate I am showing?

I would be better off investing the minimum required even at 5% a year I would come out ahead.

what would you get from a $50 Bond for 6 Years?
Or $25 for 12 years?

[AussieMan]

what would you get from a $50 Bond for 6 Years?
Or $25 for 12 years?

$50/25 annuity?

[12HRS]

what would you get from a $50 Bond for 6 Years?
Or $25 for 12 years?

You have to put in $25/$50 per month unless I am reading something wrong

[chulent613]

Here's the real DDF question:

Do you need to keep the money in the account or depositing it, is enough?

If you dont need to keep it there than its a no brainier, just set up an automatic transfer every month and a transfer back the next day.

[LNS]

• 
To help you remain eligible for the Bonus, if you do not meet a Minimum Required Balance, you will have two calendar months (“Grace Period”) to cure
your shortfall by meeting your Minimum Required Balance in effect on the last business day of the calendar month in which you cure. For example, using
the chart above, if at the end of Calendar Month 6 your CollegeSaver account balance is $100, you must have an account balance of $150 at the end of
Calendar Month 7 or $175 at the end of Calendar Month 8 to remain eligible for the Bonus. If you do not cure within the Grace Period, you will no longer
be eligible for the Bonus and your CollegeSaver account will be converted to a standard savings account, subject to the terms and conditions for standard
savings accounts in effect at the time of conversion.
• 
You may make withdrawals from your CollegeSaver account, provided that you meet your Minimum Required Balance. If you do not meet a Minimum
Required Balance because of withdrawals or otherwise, you may cure the shortfall within the Grace Period as provided in the immediately preceding bullet
point to remain eligible for the Bonus. If you do not cure within the Grace Period, you will no longer be eligible for the Bonus and your CollegeSaver account
will be converted to a standard savings account, subject to the terms and conditions for standard savings accounts in effect at the time of conversion.

[Redbull3]

Is it $25/month? I feel like it's too long term of a shtick for me