CONNECT WITH US
Fintech

Fintech

Citi Raises Savings Rates for Relationship Banking Clients

PYMNTS – Fintech logo

Published on

Add as a preferred source on Google
Citi Raises Savings Rates for Relationship Banking Clients

Citi’s new program that offers higher savings rates to reward clients who deepen their relationship with the bank went live Monday (Oct. 26).

Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

When announcing the program, Premium Boost, in a Sept. 24 press release, Citi said it adds enhanced savings rates to the other benefits it already offered to clients who belong to one of its Relationship Tiers. Those benefits include access to wealth guidance, waived fees on select banking services and lifestyle perks.

Citi’s Relationship Tiers are based on combined average monthly balance in their checking savings, CD and investment accounts, with Citi Priority starting at $30,000, Citigold starting at $200,000 and Citigold Private Client starting at $1 million, according to the release.

Please add us to your preferred sources list so our news, data and interviews show up in your feed. Thanks!

With Premium Boost, clients can earn higher savings rates. Citi Priority and Citigold members can do so by having $5,000 total in direct deposits or other qualifying transactions in Regular Checking accounts each month, or $25,000 Average Monthly Balance in eligible investment accounts with Citi Personal Wealth Management. Citigold Private Clients can earn the Premium Boost rate by owning a Citi Regular Checking account, per the release.

The rate for savings accounts are variable. 35% for Citigold Private Client, according to a Citi Banking Overview Page.



Source link
Related Topics:Fintech

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We TheMorningPulse.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It's possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.