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Citigroup is to launch a digital savings for card holders at American Airlines

FILE PHOTO: Citigroup Inc. (Citi) the logo can be seen on the SIBOS banking and finance conference to be held in the city of Toronto, province of Ontario, Canada, on October 19, 2017. REUTERS/Chris Helgren

(Reuters) – Citigroup Inc said on Monday it was planning to offer a high-interest online savings account at the beginning of next year, to the users of the American Airlines co-branded credit card.

The savings account, Citi Miles to go, a savings account, it will offer up to 50,000 miles as a sign-on bonus, and a 25% boost in miles earned through the card, the bank said in a statement.

The services are available only in areas where the bank has no physical branches.

American Airlines did not immediately respond to Reuters’ request for comment.

Reporting by Abhishek Manikandan, Bengaluru

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