Skip to headerSkip to main contentSkip to footer
Get our Free E-newslettersGet our Free E-newsletters
Kiplinger logoLink to homepage
Get our Free E-newslettersGet our Free E-newsletters
Subscribe to Kiplinger
Subscribe to Kiplinger
Save up to 76%
Subscribe
Subscribe to Kiplinger
  • Store
  • Home
  • Investing
  • Retirement
  • Taxes
  • Personal Finance
  • Your Business
  • Wealth Creation
    • Podcasts
    • Economic Outlooks
    • Tools
    • Kiplinger's Personal Finance Magazine
    • The Kiplinger Letter
    • The Kiplinger Tax Letter
    • Kiplinger's Investing for Income
    • Kiplinger's Retirement Report
    • Store
    • Manage My E-Newsletters
    • My Subscriptions
Skip advert
  • Home
  • personal finance
  • banking
banking

Best Banks for High-Net-Worth Families, 2018

These are the best financial institutions for high-net-worth families in 2018

by: Lisa Gerstner
July 6, 2018
Portrait Of Smiling Family Relaxing On Seat At Home

Getty Images

Skip advert

Banks are eager to lure customers who tuck away considerable sums in deposit and investment accounts.

Clients who hold big balances with these banks are rewarded with lots of fee breaks, higher yields on savings, lower rates on loans and financial-planning assistance.

Here's a look at our top bank picks for high-net-worth families.

  • The Best Bank for You, 2018

All rates as of June 22, 2018.

Skip advert
Skip advert
Skip advert

1 of 3

BEST: Citibank

Citibank logo

Courtesy Citibank

Skip advert

With a global footprint and a premium account package that's loaded with perks, Citibank shines for customers who can maintain high balances. The Citigold package requires a minimum combined balance of $200,000 in eligible Citi deposit, retirement and investment accounts. Citigold members get unlimited reimbursement of out-of-network ATM fees that other institutions charge, both in the U.S. and abroad; free standard checks, stop payments, incoming wire transfers, money orders and transfers from other accounts to cover overdrafts; discounted commissions on online stock trades ($4.95 each) and a waived annual fee on linked investment accounts; and preferred rates on loans and deposit accounts.

If you travel or do business internationally, you'll have access to more than 1,700 overseas branches, you'll pay no foreign-transaction fees on debit card transactions, you can arrange no-fee transfers from your Citi account to a Citi account abroad, and you can get free next-day delivery of foreign currencies to your home, office or a nearby Citi branch. Citigold clients work with a dedicated financial adviser and get access to special events, such as market-outlook seminars and private dining, sporting, concert and cultural events.

 

  • Time-Tested Tactics to Build Your Wealth
Skip advert
Skip advert
Skip advert

2 of 3

RUNNER-UP: Fifth Third Bank

 Fifth Third Bank logo

Courtesy Fifth Third Bank

Skip advert

We consider Fifth Third a regional bank, but it covers a decent swath of the country, with more than 1,200 full-service branches in 10 states. And for affluent customers, the Preferred Program is appealing. A $100,000 combined balance in investing and deposit accounts lets you avoid the program's $25 monthly fee and qualifies you for the Preferred Checking account.

Among the program's perks are free standard checks, notary services, money orders and cashier's checks; a free or discounted safe-deposit box (depending on size); reimbursement of up to 10 out-of-network ATM surcharges monthly; preferred interest rates on savings products and loans; and discounts on online investment trades.

Plus, Preferred members can get free identity-theft services, including daily monitoring of your credit report from one credit bureau, monthly credit reports from all three bureaus, and monitoring of your Social Security number on the dark web. The package also comes with investing guidance from financial advisers.

 

  • 13 Ways to Simplify Your Finances
Skip advert
Skip advert
Skip advert

3 of 3

The Best Banks and Credit Unions for You, 2018

Woman filling form at bank counter.

Getty Images

Skip advert

These stellar banks and credit unions are making all the right moves to win satisfied customers:

  • Best National Banks
  • Best Credit Unions
  • Best Internet Banks
  • Best Regional Banks
  • Best Banks for Frequent Travelers
  • Best Banks for Small-Business Owners
  • Best Banks for Millennials
  • Best Banks for Families With Students
  • Best Banks for Military Personnel
  • Best Banks for Retirees
Skip advert
Skip advert
Skip advert
  • banking
  • banking
Share via EmailShare on FacebookShare on TwitterShare on LinkedIn
Skip advert
Skip advert
Skip advert
Skip advert

Recommended

Best National Banks
banking

Best National Banks

These large, brick-and-mortar institutions have branches in several states (as well as online banking), so they’re solid choices if in-person assista…
June 23, 2022
Best Banks for Retirees
banking

Best Banks for Retirees

With these institutions, retirees avoid pesky fees on checks and paper statements and have access to an array of additional wealth and investment serv…
June 23, 2022
Best Credit Unions
credit union

Best Credit Unions

Credit unions are not-for-profit institutions owned by their members. Those listed here are open to anyone in the U.S.; if you are not eligible based …
June 23, 2022
Best Banks for Higher-Net-Worth Clients
wealth management

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 ac…
June 23, 2022

Most Popular

How to Use Your Estate Plan to Save on Taxes While You’re Still Alive!
estate planning

How to Use Your Estate Plan to Save on Taxes While You’re Still Alive!

Upstream basis planning is a trust strategy that can save wealthy people on their capital gains taxes and income taxes associated with highly apprecia…
July 3, 2022
Your Guide to Roth Conversions
Special Report
Tax Breaks

Your Guide to Roth Conversions

A Kiplinger Special Report
February 25, 2021
Don’t Be Tricked into Voluntarily Paying Higher Taxes on Your IRA
IRAs

Don’t Be Tricked into Voluntarily Paying Higher Taxes on Your IRA

Traditional IRAs are set up in a way that basically incentivizes you (and your heirs) into paying the highest tax bill possible. Don’t fall for it. Co…
July 4, 2022
  • Customer Service
  • About Us
  • Advertise With Us (PDF)
  • Privacy Policy
  • Cookie Policy
  • Kiplinger Careers
  • Accessibility
  • Privacy Preferences

Subscribe to Kiplinger's Personal Finance

Be a smarter, better informed investor.
Save up to 76%Subscribe to Kiplinger's Personal Finance
Do Not Sell My Information

Kiplinger is part of Future plc, an international media group and leading digital publisher. Visit our corporate site www.futureplc.com
© Future US LLC, 10th floor, 1100 13th Street NW, Washington, DC 20005. All rights reserved.

Follow us on InstagramFollow us on FacebookFollow us on TwitterConnect on LinkedInConnect on YouTube