Citibank Margin Rates
|
Debit Balance
|
Margin Interest Rates
|
|
above $5,000,000
|
5.725%
|
|
$1,000,000 - $4,999,999.99
|
7.725%
|
|
$500,000 - $999,999.99
|
8.725%
|
|
$100,000 - $499,999.99
|
9.225%
|
|
$75,000 - $99,999.99
|
9.975%
|
|
$50,000 - $74,999.99
|
10.725%
|
|
$25,000 - $49,999.99
|
11.225%
|
|
$10,000 - $24,999.99
|
11.725%
|
|
$0 - $9,999.99
|
12.225%
|
Current Citibank base rate is 9.00%.
The Lowest Margin Rates
| Broker |
$0 - $4,999 |
$5,000 - $9,999 |
$10,000 - $24,999 |
$25,000 - $49,999 |
$50,000 - $99,999 |
$100,000 - $249,999 |
$250,000 - $499,999 |
$500,000 - $999,999 |
above $1,000,000 |
|
Robinhood
|
5.75%
|
5.75%
|
5.75%
|
5.75%
|
5.75%
|
5.75%
|
5.75%
|
5.75%
|
5.75%
|
|
IBKR Lite
|
6.83%
|
6.83%
|
6.83%
|
6.83%
|
6.83%
|
6.83%
|
6.83%
|
6.83%
|
6.83%
|
|
ZacksTrade
|
8.83%
|
8.83%
|
8.83%
|
8.83%
|
8.83%
|
8.33%
|
8.33%
|
8.33%
|
8.08%
|
Citi Brokerage Services
If you are like most investors, you probably did not know that Citi offers a brokerage service/platform. This article will discuss some of those services provided by Citi.
Citi brokerage offers many tradable assets which include Stocks, Options, ETFs, Closed-end funds, Mutual Funds, and Fixed-income securities. However, they do not allow the trading of Futures, Forex, Crypto, or cannabis stocks.
To set up an account, you will need to call them and go through an application process. Although it is slightly easier if you are an existing Citi customer, this process is still archaic.
Once you have an account, you will have different levels of membership to select from. Starting from the most basic level to Citi’s highest level; No Linked Checking, Citi Banking, Citi Priority, Citigold, and Citigold Private. Each level has its own pricing which will be discussed below.
You will gain access to the different levels, and services, by downloading the NetXinvestor app, which is a separate app from Citi’s bank app, and logging in.
It is obvious that Citi is catering toward more experienced and long-term investors, unlike your online discount brokerage services. Citi also uses this platform to further push their service such as Citi Personal Wealth Management. This is where one of their Advisors can help you develop an investment strategy. You will need to upgrade to Citigold for such access.
Personalized planning is another service Citi offers. Personalized planning is where your Personal Wealth Manager will collaborate with you to understand what is important to you through a series of discussions, to lay out your goals, concerns, financial situation, time frame and risk tolerance.
When you are ready to start trading, you do have access to IRAs, Dividend Reinvestment Program (Drip), setting up Beneficiaries, and IPO, but not Pre-IPO. However, most of these actions require you to call Citi Brokerage to complete these actions unless you upgrade to Citigold which does require a $50,000 balance.
If you do upgrade to Citigold, you will gain faster trading as well as access to:
Personal Wealth Management
Open Architecture Investment Platform that provides you with more choice and flexibility in your portfolio.
Market Insights: Access to perspectives backed by extensive market knowledge and intellectual capital. Top strategists from Citi’s Personal Wealth Management provide insights on the economy and the markets through monthly Market Snapshots and client communications, webcasts, and more.
Global Research: Citi’s global research organization includes hundreds of top-ranked analysts.
Enhanced Mobile Experience allows you to use your face, fingerprint, or PIN to create a secure login. Unlike the lower membership levels, you are then able to use your mobile to check your balance, buy and sell equities, ETFs, and Mutual Funds, and get market news and quotes. It is also easier to make a transfer between linked accounts and you have 24-hour access to customer support.
Per Citi, Citigold provides clients of high net worth a relationship manager and a personal wealth management Financial Advisor collaborating to provide you with integrated, personalized financial guidance.
So, what are the fees of Citigold, and other levels of membership?
Stocks and Equities fees:
No linked Checking will cost you $12.95 per trade
Citi Bank fees are $6.95
Citi Priority fees are $0
Citigold fees are $0
Citigold Private Client fees are $0
Option Pricing Online fees:
No linked Checking will cost you $12.95 + $0.75 per contract
Citi Bank fees are $6.95 + $0.75 per contract
Citi Priority fees are $4.95 + $0.75 per contract
Citigold fees are $2.95 + $0.75 per contract
Citigold Private Client fees are $0
If you need to use the Service Center, the fees are $65 for all levels.
Annual fees and minimum balance fees are $75 and $100 unless your maintenance assets are greater than $25,000.
As you can see, Citi Brokerage fees are excessive, especially until you get to Citi Priority. However, to gain access to Citi Priority, or higher, you will need to have assets greater than $50,000 with Citi Brokerage. This makes Citi Brokerage less appealing to most investors.
Updated on 1/4/2025.
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