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December 2, 2014
The Kosher Gourmet by Megan Gordon With its colorful cache of purples and oranges and reds, COLLARD GREEN SLAW is a marvelous mood booster --- not to mention just downright delish
April 18, 2014
Rabbi Yonason Goldson: Clarifying one of the greatest philosophical conundrums in theology
John Ericson: Trying hard to be 'positive' but never succeeding? Blame Your Brain
The Kosher Gourmet by Julie Rothman Almondy, flourless torta del re (Italian king's cake), has royal roots, is simple to make, . . . but devour it because it's simply delicious
April 14, 2014
Rabbi Dr Naftali Brawer: Passover frees us from the tyranny of time
Eric Schulzke: First degree: How America really recovered from a murder epidemic
Georgia Lee: When love is not enough: Teaching your kids about the realities of adult relationships
Gordon Pape: How you can tell if your financial adviser is setting you up for potential ruin
Dana Dovey: Up to 500,000 people die each year from hepatitis C-related liver disease. New Treatment Has Over 90% Success Rate
Justin Caba: Eating Watermelon Can Help Control High Blood Pressure
April 11, 2014
Rabbi Hillel Goldberg: Silence is much more than golden
Susan Swann: How to value a child for who he is, not just what he does
Susan Scutti: A Simple Blood Test Might Soon Diagnose Cancer
Chris Weller: Have A Slow Metabolism? Let Science Speed It Up For You
April 9, 2014
Jonathan Tobin: Why Did Kerry Lie About Israeli Blame?
Samuel G. Freedman: A resolution 70 years later for a father's unsettling legacy of ashes from Dachau
Jessica Ivins: A resolution 70 years later for a father's unsettling legacy of ashes from Dachau
Matthew Mientka: How Beans, Peas, And Chickpeas Cleanse Bad Cholesterol and Lowers Risk of Heart Disease
April 8, 2014
Dana Dovey: Coffee Drinkers Rejoice! Your Cup Of Joe Can Prevent Death From Liver Disease
Chris Weller: Electric 'Thinking Cap' Puts Your Brain Power Into High Gear
April 4, 2014
Amy Peterson: A life of love: How to build lasting relationships with your children
John Ericson: Older Women: Save Your Heart, Prevent Stroke Don't Drink Diet
John Ericson: Why 50 million Americans will still have spring allergies after taking meds
Sarah Boesveld: Teacher keeps promise to mail thousands of former students letters written by their past selves
April 2, 2014
Dan Barry: Should South Carolina Jews be forced to maintain this chimney built by Germans serving the Nazis?
Frank Clayton: Get happy: 20 scientifically proven happiness activities
Susan Scutti: It's Genetic! Obesity and the 'Carb Breakdown' Gene
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Jewish World Review
Are you receiving what you deserve from your bank?
By
Lisa Gerstner
Loyalty pays ---- literally
Being a bank customer can be a little like going out with someone who only wants you for your money. But if you're willing to commit to one bank with a chunk of cash, you may find yourself being courted in style. The country's largest banks offer their most attractive pricing and perks to customers who have tens of thousands of dollars in linked accounts: checking, savings and investment accounts, loans, and credit cards.
To get the best benefits, you'll need to tuck at least $25,000 into such relationship accounts. Benefits typically include access to enhanced customer service (sometimes with a dedicated banker or team), breaks on fees, higher interest rates on bank accounts, and lower rates on loans. You also get breaks on checking overdraft fees and charges for account services such as money orders, cashier's checks and wire transfers.
If you're a hands-on investor, you may appreciate the commission-free trades in self-directed investing accounts (up to a monthly or annual limit) that Bank of America provides to its Platinum Privileges clients and Wells Fargo to its PMA customers. You could also get a break when you take out a mortgage or other loan. For example, a member of Citibank's relationship service, Citigold, can get up to $2,500 off closing costs or 0.375 percent off the interest rate on a first mortgage.
The largest banks also have private divisions that offer exclusive benefits and wealth-management services to the very well heeled. For instance, Chase customers with total assets of about $500,000 to $5 million who are willing to keep at least $250,000 with Chase are eligible for Chase Private Client, which includes access to a team headed by a dedicated banker and a J.P. Morgan adviser.
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Citibank provides its high-level customers with access to events, says Venu Krishnamurthy, president of Citigold Wealth Management. Those customers may include members of the Citigold program, which is aimed at clients with about $100,000 to a few million dollars in assets, as well as the wealthiest customers who use Citi's private banking service.
But you don't always need to come up with big bucks to qualify for perks. PNC Bank, for instance, offers a variety of packages with manageable minimum-balance thresholds. To avoid the $10 monthly fee for its relationship rewards Virtual Wallet With Performance Spend account, you must have a total of $1,500 in checking and savings accounts; make a $2,000 monthly direct deposit; or have a combined balance of $10,000 in several accounts, including certificates of deposit and mortgages. Perks include free check orders and up to $8 in monthly reimbursement of ATM surcharges by other institutions.
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Comment by clicking here. Lisa Gerstner is Associate editor at Kiplinger's Personal Finance.
All contents copyright 2013 Kiplinger's Personal Finance . Distributed by Tribune Media Services. All rights reserved.
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