Posted 5 years ago on March 19, 2012, 11:41 p.m. EST by onepercentguy
This content is user submitted and not an official statement
apparently, its some new fancy program for folks with higher balances, like have at least $50k in your checking or self-directed brokerage account.
they gave me this number for platinum member only bank customer service, like a hotline number where a customer rep will pick up within a minute with no automated service. gave me free stuff like free wire transfers, a 50% increase in interest on money market savings (which isn't much since it is money market), a 50% increase in credit card cash back rewards, a free Merrill consultation that usually runs 900 bucks and a member reduction on residential mortgage rates.
i did the math and i'll save/make around 2k a year under the program. they're not making much on my deposits with the yield curve as flat as it is and they're not lending, i just love how they're bending over backwards to give me all this free shit while they're nickel and diming folks who live paycheck to paycheck.
brand new program, launched like four months ago. i suggest calling em up if you're interested, i dont think its going to be around for too long.