Subscribe

Get Started

Learn more about Credit Cards, Travel Programs, Deals, and more.

Start Here
Credit Cards
Bank Account Bonuses

Citi to Offer New Digital Savings Account with Bonus Miles

DDG
DDG

Enjoy MtM's content? Shop Amazon and we earn a commission!

Find all of the latest deals.
Shop now!
This post may contain affiliate links - Advertiser Disclosure. As an Amazon Associate, we earn from qualifying purchases.

citi digital savings

Citi to Offer New Digital Savings Account with Bonus Miles

Citi is planning to offer a new savings account aimed at frequent travelers. This will be a digital savings account for cardholders of its American Airlines co-branded credit card. It will be a high-interest online savings account and will launch early next year.

The best part of it, is probably the bonus. To entice customers, Citigroup will offer up to 50,000 in miles as a signup bonus and a 25% boost on miles earned through the card (capped at the first $50,000 spent.)

The new digital service will be named the Citi Miles Ahead savings account and will be available only in areas where Citigroup doesn’t have physical branches.

The bank has not yet determined the interest rate it will offer on the new account. But if it is anything like the recently launched Citi Accelerate account, we could see rates of about 2% or more.

Looks like a promising offer for Citi AA cardholders. If the rate is competitive and the 50K bonus miles could be acquired without huge deposits, then it’s definitely something to keep an eye out for.

Hat Tip: CNBC

Disclosure: Miles to Memories has partnered with CardRatings for our coverage of credit card products. Miles to Memories and CardRatings may receive a commission from card issuers.

 Chase Sapphire Preferred® Card

Chase Sapphire Preferred® Card is the old king of travel rewards cards. Right now bonus_miles_full

Learn more about this card and its features!

Opinions, reviews, analyses & recommendations are the author’s alone, and have not been reviewed, endorsed or approved by any of these entities.
DDG
DDGhttp://dannydealguru.com
Based in NYC. Points/miles enthusiast for years and actively writing about it for the last 6+ years at Danny the Deal Guru. I'm always looking out for deals. Making a few bucks is always nice, but the traveling is by far the best part of this business.

Responses are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered.

1 COMMENT

  1. Thank you, Danny!
    Any idea if the miles will be reported to the IRS as “income” at a ridiculously inflated valuation of miles?

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Related

7,703FansLike
9,903FollowersFollow
16,444FollowersFollow

At Miles to Memories we share the best tips, tricks and deals plus travel rants, musings, hotel, airline and loyalty program reviews and a lot more! Our goal is to help people save money so they can get out there and travel the world! Through our various blog posts, podcasts & videos we teach others how to maximize loyalty rewards, hotel & airline programs and credit cards to achieve amazing things.

Disclaimer - Miles to Memories & the author are not credit providers and do not provide personal financial or professional advice or credit assistance. The information published on this site/page is of a general nature only and does not consider your personal objectives, financial situation or particular needs.

All information published here is personal opinion and comes from personal experience. The information published on this site/page should not be relied upon as a substitute for personal financial or professional advice. ESR Media, LLC, Miles to Memories and the author strongly recommend that you seek independent advice before you apply for any product or service, which is described on the site/page.

Editorial Note - Opinions expressed here are the author's alone, not those of any partner bank, credit card issuer, hotel, airline, or other partner. This content has not been reviewed, approved or otherwise endorsed by any of the entities included within the post.