Citigroup plans a digital savings account for American Airlines users


Michael Corbat, CEO of Citigroup

Lucy Nicholson | Reuters

Citigroup is making another push for digital deposits.

The bank is planning on offering users of its American Airlines co-branded credit card a high-interest online savings account early next year, according to Jennifer Bombardier, a spokeswoman for the New York-based bank. To entice people to join, Citigroup will offer up to 50,000 in miles as a signup bonus and a 25% boost on miles earned through the card (capped at the first $50,000 spent.)

Citigroup, the third biggest U.S. lender by assets, is leaning on its popular credit cards to help it raise deposits on the banking side. Rivals J.P. Morgan Chase and Bank of America have…


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