Onyx Private provides an exclusive, unified premium banking and investment experience, complete with white-glove 24/7 concierge service. The platform offers three membership tiers: Basic, Plus, and Premium. In this blog post, we'll compare these options to help you choose the one that suits you best.
The Basic Membership is a free plan that gives you access to a 1.62% APY Checking Account, along with high-yield investment accounts. Currently, you can invest in ~5% U.S. Treasury Bills, a ~4% Cash Sweep Account, and personalized Robo-Advisor Portfolios. You get free ACH transfers and pay only $10 per Wire transfer. You get multiple virtual debit cards and can add up to two people on a joint account. The minimum deposit is $100.
The Plus Plan gives you access to all the features from the Basic Plan, plus cashback on debit card purchases - you don't need a credit card to be rewarded, 1.62%+ APY on your idle money, reduced investment fees, and much more. You may also add up to 2 people on your joint account. The minimum deposit is $100. The cost of the Plus Membership is $10 per month ($144/year if billed annually). You can easily cover your Membership Fee effortlessly by earning cashback and yield. It's a no-brainer!
The Premium Membership is the highest level of membership offered by Onyx Private. With this membership, you get everything from the Basic and Plus Membership, plus access to a wide range of services, including a white-glove 24/7 lifestyle concierge to help with managing traveling, experiences, dining, and gifts. You also get 1-5% Cashback on all purchases and a sleek 17g black metal Debit Card. Moreover, Premium Members can take advantage of exclusive lifestyle benefits, such as free access to airport lounges and discounts on LifeTime fitness. The Premium Membership is perfect for those who lead a busy lifestyle and need assistance with a variety of tasks. The cost of the Premium Membership is $40 per month when paid annually. The minimum deposit is $500.
In conclusion, the choice between the Basic, Plus and Premium Membership depends on your lifestyle and needs. If you lead a busy lifestyle and need assistance with a wide range of tasks, then the Premium Membership is suitable for you. If you're seeking a balanced combination of spending, investing, and rewards, then the Plus Plan is the way to go. However, if you want to focus mainly on banking and investing, then the Basic Membership is more appropriate. Regardless of which membership you choose, Onyx Private offers excellent services that can help simplify your life and make it more enjoyable.