With their wealth-management and private-banking offerings, a lot of banks are courting clients with significant assets.
We looked for banks that don't require you to be a multimillionaire to take advantage of generous benefits for keeping a high deposit or investment balance.
Our top picks host a broad range of no-fee accounts and services, and they have wide networks of branches.
BEST: Citibank
With its Citigold package (opens in new tab), Citibank (opens in new tab) rolls out the red carpet for those who keep a combined $200,000 or more in deposit, investment and retirement accounts with the bank.
Citigold customers have access to a banking relationship manager and a financial adviser, as well as to wealth-management seminars, outlook events on the markets and the economy, and private dining, sporting and concert events. Citigold perks include the option to open multiple free Citigold checking accounts (0.03% interest rate); unlimited refunds of out-of-network ATM fees; free standard checks, cashier’s checks and money orders; a free or discounted safe-deposit box; increased interest rates on savings accounts; discounts on mortgages and other loans; $4.95 online stock trades with Citi's investing services; and a waiver of the standard $75 annual fee on an investment account. Citigold members can also earn the highest level of ThankYou rewards points -- redeemable for travel, cash back and other items -- for having a monthly direct deposit and meeting other requirements.
Citigold is especially attractive for international travelers. You'll pay no foreign-exchange fee on debit card transactions, and you can make free transfers from your account to other Citibank accounts in certain countries.
Sponsored Content
(opens in new tab)
RUNNER-UP: Bank of America
Bank of America (opens in new tab) has several tiers of wealth management and private banking services. Merrill Lynch Wealth Management is dedicated to those with assets of $250,000 to $10 million and comes with guidance from a financial adviser. U.S. Trust, Bank of America Private Wealth Management focuses on clients with $3 million or more in investable assets seeking advice on such issues as trust and estate planning and philanthropy.
But for those who keep as little as $20,000 in bank and investment accounts, BofA's Preferred Rewards program offers benefits. The most-generous perks go to those with a balance of $100,000 or more: unlimited ATM fee refunds; a 75% bonus on cash back or points earned with eligible bank credit cards; free checks; the ability to hold up to four checking and four savings accounts with no monthly fees; discounts on loans; a 20% rate boost on a money market deposit account; and up to 100 free stock trades monthly in a Merrill Edge investment account.
Sponsored Content
(opens in new tab)
The Best Banks and Credit Unions for You, 2017
.kip-slideshow ul.kip-list-nobullet li {font-size: 14px;margin-bottom: 0;line-height: 1.5;}
These stellar banks and credit unions are making all the right moves to win satisfied customers:
Sponsored Content
(opens in new tab)
-
-
A Retirement Income Distribution Plan Is as Critical as Saving
Designing a strategy to efficiently use your retirement savings is a critical step on your retirement planning journey to maximize your income and ensure a long-lasting retirement.
-
The Markets Were Miserable Last Year, But That’s Great News
It’s all about perspective. Hopefully, you learned that your financial plan can withstand market downturns. If not, now you know you need to make adjustments.
-
Best AI Stocks to Buy: Smart Artificial Intelligence Investments
tech stocks AI stocks have been bloodied up in recent months, but the technology's relentlessly growing importance should see the sun shine on them again.
-
9 Best Stocks for Rising Interest Rates
stocks The Federal Reserve has been aggressive in its rate hiking, and it's likely not done yet. Here are nine of the best stocks for rising interest rates.
-
The 6 Safest Vanguard Funds to Own in a Bear Market
recession Batten the hatches for continued market tumult without eating high fees with these six Vanguard ETFs and mutual funds.
-
9 Best Commodity ETFs to Buy Now
ETFs These commodity ETFs offer investors exposure to the diverse asset class, which is a helpful hedge against inflation.
-
The 5 Best Inflation-Proof Stocks
stocks Higher prices have been a major headache for investors, but these best inflation-proof stocks could help ease the impact.
-
7 Best Small-Cap Stocks to Buy for 2023 and Beyond
small cap stocks Analysts say a tough 2022 has left these small-cap stocks priced for outperformance in the new year and beyond.
-
Can Stocks Picked by Artificial Intelligence Beat the Market? 3 Stocks to Watch
stocks An artificial intelligence stock-picking platform identifying high-potential equities has been sharp in the past. Here are three of its top stocks to watch over the next few months.
-
The 25 Cheapest Places to Live: U.S. Cities Edition
places to live Take a look at our list of the cheapest places to live in America for city dwellers. Is one of the cheapest places to live in the U.S. right for you?
