Wednesday, March 29, 2006

 

Citigroup Launches Internet Banking Site

Citigroup Inc. has begun an Internet bank that offers higher interest rates as part of its plan to attract more online customers and reverse a decline in consumer banking profit.

The company's Citibank unit is offering a 4.5 percent yield on its e-savings account, with no minimum balance required, and in some cases no monthly fees, according to its Web site. Customers, however, must open a linked checking account to get that rate.

Citigroup Launches Internet Banking Site
Source: Reuters

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