FILE PHOTO: The Citigroup Inc (Citi) logo is seen at the SIBOS banking and financial conference in Toronto, Ontario, Canada October 19, 2017. REUTERS/Chris Helgren
(Reuters) – Citigroup Inc is planning to offer a high-interest online savings account early next year to users of its American Airlines co-branded credit card, CNBC reported on Monday, citing people familiar with the matter.
The bank will also offer up to 50,000 miles as a sign-on bonus and a 25% boost on miles earned through the card, the report cnb.cx/2PN5GPs said.
The new digital service will be named the Citi Miles Ahead savings account and will only be available in areas where the bank does not have physical branches, according to the report.
Citigroup and American Airlines were not immediately available for comment.
Reporting by Abhishek Manikandan in Bengaluru