17 December 2011
Thanks For All The Cash, Suckers!
So Citibank (recipient of huge piles of save-us cash from the taxpaying public) recently changed terms on some of their entry-level checking accounts. Flat fee if you don't maintain a certain deposit level across any and all "linked" products. Reasonable in general? Sure. But that particulars? Fee is $15 a month (seems high!) unless you maintain net deposit balances of... $6000. Wow! I may be out of touch, but that seems like an awful lot of money to have on hand to park into accounts effectively bearing no interest whatsoever. That's some brass, Citibank -- congrats!
Posted by pyker at 11:27