Originally Posted by
AbyssalLoris
I have a question I think some people here can address well. Why do people opt for accounts like the Citigold?
Clearly, there has to be some compelling benefit. Is it the waived ATM fees at international locations? I can't seem to find what else is of significant interest. Even this, I doubt anyone is withdrawing often enough to justify hundreds of dollars in lost opportunity cost - you could for example open a 1% interest bearing account earning much more in absolute dollars elsewhere. Your answers are appreciated.
I know I'm late to this, but I'm a passive investor using etfs and mutual funds. I moved some cash to citi and invested in an etf, money I would have invested anyway at another brokerage firm. since brokerage balances are linked, it seemed like a no-brainer to avoid all atm fees and assigned a personal banker.