Best Banks for Higher-Net-Worth Clients
Those who can meet high minimum-balance requirements at these banks get abundant account freebies and extras ranging from financial advice to event access.
- (opens in new tab)
- (opens in new tab)
- (opens in new tab)
- Newsletter sign up Newsletter

- Best National Banks
- Best Internet Banks
- Best Credit Unions
- Best Banks for Retirees
- Best Banks for Families With Kids
Best: Citibank
www.citi.com (opens in new tab)
Why it won: Clients who maintain big balances enjoy prime treatment and can visit branches around the nation and world.
Standout account: The Citigold account package provides a load of complimentary services and unique benefits.

Sign up for Kiplinger’s Free E-Newsletters
Profit and prosper with the best of expert advice on investing, taxes, retirement, personal finance and more - straight to your e-mail.
Profit and prosper with the best of expert advice - straight to your e-mail.
Where it is: More than 650 branches in nine states—with many in California and New York—plus Washington, D.C. Terms and rates are for New York City.
The Citigold account package is available to those who keep at least $200,000 in eligible Citi deposit, retirement and investment accounts. Citigold customers have a relationship manager as a point person and a wealth adviser who provides financial planning and investing guidance. You get a free checking account and savings account (0.12% yield), as well as complimentary standard checks, stop payments, overdraft transfers, wire transfers and money orders. Plus, all out-of-network ATM surcharges are reimbursed. Up to $200 annually is refunded for subscriptions, including Amazon Prime, Costco membership fees, Hulu, TSA Precheck and Spotify Premium. Travelers benefit from waived foreign-transaction fees on debit card transactions; free next-day delivery of foreign currencies to your home, office or nearby bank branch; concierge services; and access to more than 100 Citigold lounges globally (attached to Citi properties), which provide refreshments and Wi-Fi. Other perks include complimentary or discounted admission to select cultural institutions and access to special events, such as private dinners with top chefs and reserved seating at sporting events.
Customers who keep at least $1 million in deposit, retirement and investment account balances are eligible for Citigold Private Client, which comes with additional benefits, such as heightened ATM withdrawal and purchase limits with your debit card and advanced wealth planning.
Runner-up: Chase
www.chase.com (opens in new tab)
Why it won: Chase’s premium accounts are attractive, and the bank has an extensive branch presence.
Standout account: Sapphire Banking comes with reduced fees and other benefits for customers who keep a $75,000 balance.
Where it is: More than 4,900 branches in all of the lower 48 states and Washington, D.C.
With Sapphire Banking, those who hold at least $75,000 in eligible Chase deposit and investment accounts skip the $25 monthly fee. The checking account reimburses all out-of-network ATM fees worldwide and charges no fees for stop payments, wire transfers, money orders, cashier’s checks, standard checks, foreign transactions, the first four overdraft fees in a 12-month span, and a small safe-deposit box. Those with $150,000 or more in deposits and investments qualify for Chase Private Client, which offers the same perks as Sapphire and more, including dedicated banking and investment advisers.
Lisa has spent more than15 years with Kiplinger’s Personal Finance and heads up the magazine’s annual rankings of the best banks, best rewards credit cards, and financial-services firms with the best customer service. She reports on a variety of other topics, too, from retirement to health care to money concerns for millennials. She has shared her expertise as a guest on the Today Show, CNN, Fox, NPR, Cheddar and many other media outlets around the nation. Lisa graduated from Ball State University and received the school’s “Graduate of the Last Decade” award in 2014. A military spouse, she has moved around the U.S. and currently lives in the Philadelphia area with her husband and two sons.
-
-
Gaining More Certainty in Your Retirement Income Plan
Relying on market performance to close the gap in your retirement income could let you down, but a CD ladder and fixed annuities could provide some certainty.
By Cole Czajkoski, Investment Adviser Representative • Published
-
Considering a 1031 Exchange? The Rules You Need to Know
Taxes are an inevitable part of investing in real estate. You can, however, defer or avoid paying capital gains taxes by following some simple rules of a 1031 exchange. Yes, you read that correctly!
By Daniel Goodwin • Published
-
Stock Market Holidays in 2023: NYSE, NASDAQ and Wall Street Holidays
Markets When are the stock market holidays? Take a look at which days the NYSE, Nasdaq and bond markets are off in 2023.
By Kyle Woodley • Published
-
Stock Market Trading Hours: What Time Is the Stock Market Open Today?
Markets When does the market open? While it's true the stock market does have regular hours, trading doesn't stop when the major exchanges close.
By Michael DeSenne • Published
-
Bogleheads Stay the Course
Bears and market volatility don’t scare these die-hard Vanguard investors.
By Kim Clark • Published
-
Best Cash Back Credit Cards of January 2023
Smart Buying Looking for the credit card that pays the most cash back? These lenders may pay hundreds of dollars, with minimum hassle.
By Lisa Gerstner • Last updated
-
I-Bond Rate Is 6.89% for Next Six Months
Investing for Income If you missed out on the opportunity to buy I-bonds at their recent high, don’t despair. The new rate is still good, and even has a little sweetener built in.
By David Muhlbaum • Last updated
-
What Are I-Bonds?
savings bonds Inflation has made Series I savings bonds enormously popular with risk-averse investors. How do they work?
By Lisa Gerstner • Last updated
-
Your Guide to Open Enrollment 2023
Employee Benefits Health care costs continue to climb, but subsidies will make some plans more affordable.
By Rivan V. Stinson • Published
-
Watch Out for Flood-Damaged Cars from Hurricane Ian
Buying & Leasing a Car In the wake of Hurricane Ian, more flood-damaged cars may hit the market. Car prices may rise further because of increased demand as well.
By Bob Niedt • Last updated