Don't Slow Down at 55

City Bank RPM

Exclusive checking for those 55 and older

City Bank RPMReward Platinum Member (RPM) is a revolutionary program from City Bank for adults 55 years or older. When you sign up to be an RPM, you'll receive great benefits and you'll have the opportunity to earn a great interest rate on your personal checking account without the hassle of fulfilling numerous requirements. At this stage in your life, your money should be keeping up with you, not the other way around.

Features & Benefits

1. Open Multiple Plus Accounts
2. Preferred parking at City Bank branches
3. Dedicated 800 customer service number
4. Free financial planning seminars
5. Free personal checks1
6. Free membership card with RPM logo
7. Free investment portfolio review
8. $50 donation made to charity of choice
9. Free Mastercard debit card2
10. No purchase fee for gift cards
11. Free cashier's checks
12. Free notary services
13. Free stop payments
14. Free quarterly newsletter

Requirements

  • Primary account holder must be age 55 or older
  • Minimum deposit of $10,025 required3 (Includes $25 Membership Fee)4
  • At least 1 ACH5 item must post and settle6 to your account each statement cycle 
  • Each statement cycle ends on the third Thursday of each month

APYs / Rates

 

Levels Level

3

Level

2

Level

1

Balance APY7 Interest Rate APY7 Interest Rate APY7 Interest Rate
$150,000 and over 0.32% 0.32%



$100,000 to $149,999 0.57% 0.57%



$10,000 to $99,999

0.25% 0.25%

$9,999 and below



0.05% 0.05%
Qualifications

The following must post and settle6 to your account each monthly statement cycle to earn the higher interest rates.

calendar
1 ACHitem post and settle6


calendar
1 ACHitem post and settle6

If you don't qualify for level 2 or level 3 in a particular month, don't worry!

There's no penalty, no monthly service charge, and you still earn our base interest rate.

Plus, you can get right back to earning the higher interest rates the very next month.

RPM Plus8

In addition to rewarding you with a great interest rate on your RPM account, you can also earn a competitive interest rate on multiple Plus account(s). 

Your RPM Plus account will be linked to your primary RPM account. No additional requirements are necessary for Plus accounts and compared to a savings account, your Plus account(s) are more flexible and can earn a better interest rate. 

APY/Rates

 

Levels Level

3

Level

2

Level

1


APY9 Interest Rate APY9 Interest Rate APY9 Interest Rate

0.32% 0.32% 0.15% 0.15% 0.05% 0.05%
Rate is paid according to the level that the primary RPM account qualifies for.



 

1Free check styles available. 2MasterCard® is a registered trademark of MasterCard International Incorporated. 3This covers membership fee of $25 as well the minimum required account opening balance of $10,000. 4All fees subject to sales tax in New Mexico. 5An ACH is an direct deposit or automatic debit. To make an electronic payment, use your City Bank account number and routing number to make and/or receive payment. 6To post and settle, the transaction must be deducted from your current balance. 7APY = Annual Percentage Yield (APY). RPM Checking Base rate is 0.05% APY. Minimum account opening deposit of $10,025 required. Interest rate effective as of 3/1/2015. All rates are variable and may change after account opening. Interest earned will be based on level of requirements met. Fees may reduce earnings on this account. Balances will not be aggregated. Some restrictions do apply. There is no minimum daily balance required to earn the minimum APY. 8RPM Plus minimum account opening deposit of $50 required. There is no minimum daily balance required to earn the minimum APY. Some restrictions do apply. 9APY = Annual Percentage Yield (APY). Rate effective as of 3/1/2015