Re:Citigroup Plans to Cut 20k Jobs
by hotpotamus on Friday January 12, 2024 @11:41AM
(#38970281)
What do you mean have at least $100K? Like in one of their savings accounts? You can get 5% APY right now from Wealthfront in their savings, so you'd have to forgo a lot of interest to get that extra 0.625% over Citi's credit card.
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Linked investment account counts. You just need $2500 in a checking account, the rest can be in whatever ETF or stock you'd like.
Re:Citigroup Plans to Cut 20k Jobs
by dortmunder13 on Friday January 12, 2024 @01:04PM
(#38971565)
It's 100k in combined assets at BofA / ML, so if you have 100k in a brokerage account (or an IRA or a HSA or ...) you're eligible. It's not restricted to the super low yield savings accounts.
Right as others have mentioned, it's not $100k in savings, it's $100k total across their stuff.
But even if it was $100k savings, you can get ~5% APY at BoA high yield savings through Merrill anyways. I don't recommend that since Fidelity works better for that type of account, but you could do it.