Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:We have Citi Private Banking, also through DH’s firm. We got a lower mortgage rate and get much more personalized service.

What is your mortgage rate?

What services do you require?

DP but we use Citi private bank. Our mortgage rate is 2.5 and we have a banker I email about stuff. That part isn't really worth it but the access to low rates is.

Ours is 2.5 also, from a mortgage broker back in 2021, I don't think they are actually underpricing the market.

Citi private bank gave me 1% unsecured 2 million credit line when I was buying a second home. Think it would be more now but not over 2%.

Curious about the economics of these banks lending money so far below prime. Paying 4 or 5 percent on deposits and lending at 2 percent? Sounds implausible…

Anonymous wrote:

Anonymous wrote:Honest OP I am very wealthy we no longer use any money managers . No reason to with the internet. Why dip I need personalized service at a bank?

I’m the 1 percent I pay cash for cars and mortgages. We have a ton of trusts as well besides lawyers looking them over who needs a bank .

No one else needs to make money off of me. I was smart enough to make that money I’m smart enough to deal with it.

I still have Schwab accounts. Lol 😂

There are several parts of this that make it highly likely you are lying.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:We have Citi Private Banking, also through DH’s firm. We got a lower mortgage rate and get much more personalized service.

What is your mortgage rate?

What services do you require?

DP but we use Citi private bank. Our mortgage rate is 2.5 and we have a banker I email about stuff. That part isn't really worth it but the access to low rates is.

Ours is 2.5 also, from a mortgage broker back in 2021, I don't think they are actually underpricing the market.

Citi private bank gave me 1% unsecured 2 million credit line when I was buying a second home. Think it would be more now but not over 2%.

Curious about the economics of these banks lending money so far below prime. Paying 4 or 5 percent on deposits and lending at 2 percent? Sounds implausible…

Anonymous wrote:

Anonymous wrote:Define high net worth.

JK, lol—we don’t need another thread about that.

I have accounts at multiple banks. My day to day spending account is with Ally. But just sitting here I can’t even list all of my banks where I have accounts off the top of my head (although that is partly because these banks keep merging and I forget).

Ut oh. If you already can’t remember them how will the heirs find them if you get dementia?

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:We have a high net worth but very little of that money is in the bank. I'm not sure why id need anything special from my bank. What am I missing?

If you are super HNW, banks would provide ultra low interest loans to their clients. I recall First Republic was only charging like 1% to tech billionaires who wanted to borrow against their shares vs sell and trigger capital gains.

Of course, we know what happened to SVB and First Republic…so you have to be careful.

That’s not so much a bank providing low interest loans as it is a bank facilitating tax avoidance (a word I chose carefully).

Call it what you want...although, it's not even remotely illegal. It is a widely accepted, IRS-blessed approach.

I didn't call it "illegal." I called it something other than a bank simply providing low interest loans. Your reading comprehension is poor, and it is highly unlikely that you know more about what the IRS "blesses" than I do.

You sound like a dipshit. It’s a bank providing a sweetheart loan to UHNW clients with their stock as collateral. What else is it except what it is.

Now…go f**k off.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:We have Citi Private Banking, also through DH’s firm. We got a lower mortgage rate and get much more personalized service.

What is your mortgage rate?

What services do you require?

DP but we use Citi private bank. Our mortgage rate is 2.5 and we have a banker I email about stuff. That part isn't really worth it but the access to low rates is.

Ours is 2.5 also, from a mortgage broker back in 2021, I don't think they are actually underpricing the market.

Citi private bank gave me 1% unsecured 2 million credit line when I was buying a second home. Think it would be more now but not over 2%.

What were your assets on deposit? And what were the terms of the line?

No assets on deposit. 3 year line.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:We have Citi Private Banking, also through DH’s firm. We got a lower mortgage rate and get much more personalized service.

What is your mortgage rate?

What services do you require?

DP but we use Citi private bank. Our mortgage rate is 2.5 and we have a banker I email about stuff. That part isn't really worth it but the access to low rates is.

Ours is 2.5 also, from a mortgage broker back in 2021, I don't think they are actually underpricing the market.

Citi private bank gave me 1% unsecured 2 million credit line when I was buying a second home. Think it would be more now but not over 2%.

Anonymous wrote:Wells Fargo

Anonymous wrote:Define high net worth.

JK, lol—we don’t need another thread about that.

I have accounts at multiple banks. My day to day spending account is with Ally. But just sitting here I can’t even list all of my banks where I have accounts off the top of my head (although that is partly because these banks keep merging and I forget).

Anonymous wrote:Get out of BOA/Merril. They are awful to deal with for your heirs. Please. I beg you.

Anonymous wrote:

Anonymous wrote:Get out of BOA/Merril. They are awful to deal with for your heirs. Please. I beg you.

This!! 100 percent.

Anonymous wrote:Honest OP I am very wealthy we no longer use any money managers . No reason to with the internet. Why dip I need personalized service at a bank?

I’m the 1 percent I pay cash for cars and mortgages. We have a ton of trusts as well besides lawyers looking them over who needs a bank .

No one else needs to make money off of me. I was smart enough to make that money I’m smart enough to deal with it.

I still have Schwab accounts. Lol 😂

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:We have Citi Private Banking, also through DH’s firm. We got a lower mortgage rate and get much more personalized service.

What is your mortgage rate?

What services do you require?

DP but we use Citi private bank. Our mortgage rate is 2.5 and we have a banker I email about stuff. That part isn't really worth it but the access to low rates is.

Ours is 2.5 also, from a mortgage broker back in 2021, I don't think they are actually underpricing the market.

Citi private bank gave me 1% unsecured 2 million credit line when I was buying a second home. Think it would be more now but not over 2%.

What were your assets on deposit? And what were the terms of the line?

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:My ML broker does essentially anything I need: contest a credit card charge, overnight something to me, waive a charge, etc. makes it very easy for me.

And you have no f'ing clue how much you are overpaying them. Do all of you clueless people belong to the same club?

Enlighten us how we are overpaying them. Unless you claim that their bid-ask is fraudulently high, my ML rep does everything for free. Don’t use him to buy and sell stocks, pay 0 commissions, get access to IPOs they underwrite, etc.

I assume you don’t physically hold your own stock certificates but use a broker/dealer as well.

OK Nubcakes, who is paying your ML broker?

Ignore this poster. He is a repeat troll who uses nubcakes regularly in his very limited vocabulary.