Citi Launches Digital Loan and Savings Products

Citi announced two new product offerings as they look to build out their digital brand; Citi Flex Loan allows credit card customers to convert their credit lines into a loan with a fixed APR; Citi Accelerate Savings in an online savings account that pays 2.36 percent with no minimum balance; the new products are part of a bigger digital push for Citi who recently launched their own digital only bank; Citi is not looking to grow branches like some of the other top banks but instead capitalize on their card network to grow deposits and their loan book. Source.

  • Todd is the host of PitchIt: the fintech startups podcast, a weekly interview show featuring emerging fintech founders and leading venture capitalists. He is responsible for leading the content team which covers fintech through daily & weekly email newsletters, editorial, virtual events, and in-person conferences. He has been covering fintech, banking, and venture capital for more than 15 years, including speaking regularly at industry events.

Sign up for our Newsletters

Every morning the Fintech Nexus News team scours the globe for the most important fintech stories of the day in the daily Global newsletter.

The Europe edition comes out on Monday, Wednesday, and Friday featuring the most important stories in European and UK fintech.

The Latin American newsletter arrives in your inbox on Tuesdays and Fridays. This is a trilingual newsletter featuring stories in Spanish, Portuguese, and English.

Join 20,000 subscribers!