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, 2019

by: Lisa Gerstner
July 1, 2019

Getty Images

Skip advert

Banks court customers who can keep big balances by dangling lots of free and discounted benefits, preferred rates on loans and deposit accounts, and financial guidance, such as investment and wealth-management services.

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

  • The Best Bank for You, 2019

Informa Financial Intelligence compiled the data as reported by the financial institutions that it tracks; the information is subject to change. All rates as of June 20, 2019.

Skip advert
Skip advert
Skip advert

1 of 3

BEST: Citibank

Courtesy

Skip advert
  • Why it won: Customers who hold considerable cash with Citi enjoy unique and abundant perks.
  • Standout account: The Citigold package, for those who keep at least $200,000 in deposit, retirement and investment accounts, is worth a look. And with a $25,000 minimum deposit, you could recently nab a 2.5% rate on a one-year CD./p>

    Where it is: Almost 700 U.S. branches in 10 states—with core markets of Chicago, Los Angeles, New York City, Miami, San Francisco and Washington, D.C.—and more than 1,800 overseas branches.

Citigold customers get plenty of account freebies, including standard checks, stop payments, money orders, incoming wire transfers and overdraft-protection transfers; waived monthly fees on checking and other accounts in the Citigold package; and reimbursement of out-of-network ATM surcharges in the U.S. and abroad. Travelers will also appreciate waived foreign-transaction fees on debit card transactions; concierge services for travel, dining and other bookings; access to more than 100 Citigold lounges (attached to bank properties) worldwide; and delivery of foreign currency to their home, office or a nearby bank branch. Citigold clients work with a relationship manager and a financial adviser.

Citigold’s most interesting perks involve special experiences and insights. Last spring, for example, Citigold clients got premium seating and other benefits at the New York Mets home opener baseball game. Citigold’s Culture Pass provides free or discounted admission to institutions such as the New York Philharmonic and Los Angeles Contemporary Museum of Art. And Citi regularly hosts market-outlook seminars for clients.

  • 7 Habits of People With Excellent Credit Scores
Skip advert
Skip advert
Skip advert

2 of 3

RUNNER-UP: BBVA

Getty Images

Skip advert
  • Why it won: BBVA’s services for wealthy clients run the gamut, from an attractive relationship program to a well-regarded private bank.
  • Standout accounts: The Premier Personal Banking program, for those who have a BBVA personal checking account and maintain at least $100,000 in deposits and investments, provides a well-rounded package of perks. The BBVA Money Market Account—free for Premier customers—recently yielded a healthy 2% on a balance of at least $10,000 (rates are for customers in Birmingham, Ala.).
  • Where it is: 649 branches scattered across seven states, mostly in the Sunbelt.

BBVA recently rebranded from its former name, BBVA Compass. The Premier Personal Banking program includes rebates of fees for out-of-network ATM withdrawals domestically and inter­nationally and, upon request, refunds of fees for domestic and international wire transfers; free personal checks, cashier’s checks, paper statements and a small safe-deposit box; increased limits for debit card purchases and ATM withdrawals; a waived $125 annual fee on the bank’s Visa Select credit card; discounts on a home-equity line of credit or personal loan; and free usage of the Premium checking account. You also get access to a financial adviser.

BBVA offers a range of wealth-management services, including brokerage options, estate and insurance planning, and private banking (which requires a minimum $1 million in assets in most states).

  • 9 Things You'll Regret Keeping in a Safe Deposit Box
Skip advert
Skip advert
Skip advert

3 of 3

The Best Banks and Credit Unions for You, 2019

Getty Images

Skip advert

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

Best National Banks
Best Banks for High-Net-Worth Families
Best Internet Banks
Best Banks for Families With Students
Best Banks for No-Fee, No-Fuss
Best Credit Unions
Best Banks for Frequent Travelers
Best Regional Banks
Best Banks for Retirees

Skip advert
Skip advert
Skip advert
  • banking
  • management
  • wealth management
  • banking
Share via EmailShare on FacebookShare on TwitterShare on LinkedIn
Skip advert
Skip advert
Skip advert
Skip advert

Recommended

33 States with No Estate Taxes or Inheritance Taxes
retirement

33 States with No Estate Taxes or Inheritance Taxes

Even with the federal exemption from death taxes raised, retirees should pay more attention to estate taxes and inheritance taxes levied by states.
June 23, 2022
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

Most Popular

5 Best Dow Dividend Stocks to Buy Now
blue chip stocks

5 Best Dow Dividend Stocks to Buy Now

This mini-portfolio of blue-chip dividend payers is well-positioned to both generate income and hold up to headwinds for the rest of 2022.
June 27, 2022
Your Guide to Roth Conversions
Special Report
Tax Breaks

Your Guide to Roth Conversions

A Kiplinger Special Report
February 25, 2021
Top Bear Market Tips from 10 Financial Advisers
investing

Top Bear Market Tips from 10 Financial Advisers

When a bull market turns into a bear market, it can be hard to know what to do. Take comfort in the guidance of 10 financial professionals.
June 30, 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