Citi fixed deposit schemes allow you to accrue more interest on your savings than you would otherwise get with regular savings accounts provided you do not access your deposited funds for a fixed period of time. The bank offers 2 different types of term deposit accounts: S$ Time Deposits and Foreign Currency Time Deposits. You may choose to deposit your savings in any of the 11 major currencies offered by the bank in terms of the Foreign Currency Time Deposits. The minimum deposit placement amount required for both types of accounts is S$10,000. You can enjoy as much as 0.1% p.a. interest on tenures of up to 48 months when you secure your additional SGD funds in Citi fixed deposit accounts.
Citi Fixed Deposit Interest Rates
All Citi S$ Time Deposits offer tenures ranging from 1 week to 48 months.
This table illustrates the fixed deposit interest rates offered with this account:
|Deposit Amount (SGD)||Tenure (% p.a.)|
|1 Week||2 Weeks||1 Month||2 Months||3 Months||6 Months||12 Months||24 Months||36 Months|
|$10,000 to $49,999||0.050||0.050||0.050||0.080||0.080||0.100||0.100||0.100||0.100|
|$50k to $100,000||0.050||0.050||0.050||0.080||0.080||0.100||0.100||0.100||0.100|
|$100k to $250,000||0.050||0.050||0.050||0.080||0.080||0.100||0.100||0.100||0.100|
|$250k to $500,000||0.050||0.050||0.050||0.080||0.080||0.100||0.100||0.100||0.100|
|$500k to $750,000||0.050||0.050||0.050||0.080||0.080||0.100||0.100||0.100||0.100|
|$750k to $1M||0.050||0.050||0.050||0.080||0.080||0.100||0.100||0.100||0.100|
|$1M to $3M||0.050||0.050||0.050||0.080||0.080||0.100||0.100||0.100||0.100|
Note: Rates are only indicative and are correct as of 23 January 2019.
Citi Foreign Currency FD Interest Rates
Kindly contact the bank for a current breakdown of interest rates for this account.
Features and Benefits of Citi FD
- Affordable minimum deposit amount starting at S$10,000.
- Tenors starting from 1 week to 48 months offered for greater flexibility.
- Easily accessible management of your accounts through telephone banking or online banking facilities.
- Wide choice of 11 foreign currencies available to open time deposit accounts with.
- A broad range of time deposit placement amounts from S$10,000 to S$3 million.
Citi FD Schemes
S$ Time Deposit
You can enjoy up to 0.1% p.a. interest on Citi S$ Time Deposits with tenures that range from 1 week to 48 months. This account requires a minimum deposit placement amount of S$10,000 and you can earn competitive rates on time deposit placement amounts that go as high as S$3 million.
Foreign Currency Time Deposit
If you anticipate needing to deal in any foreign currencies in the future, this term deposit account may come in useful for that occasion. With this account, you can potentially earn higher returns than you would get with SGD deposits in general. This account comes with 1 week, 1 month, 2 months, 3 months, 6 months, 9 months, and 12 months tenures, which makes it a good option for you if you are looking for a wide range to choose from. You can place your deposits in 11 major foreign currencies. These include: Euro (EUR), Australian Dollar (AUD), New Zealand Dollar (NZD), Sterling Pound (GBP), Canadian Dollar (CAD), Swiss Franc (CHF), Japanese Yen (JPY), Hong Kong Dollar (HKD), US Dollar (USD), Offshore Renminbi (CNH), and South African Rand (ZAR).
Eligibility Criteria to Open a Citi FD Account
- Minimum tenor: Starts from 1 week.
- Maximum tenor: Up to 48 months.
- Minimum placement amount: Starts at S$10,000.
- Kindly contact Citi for a list of mandatory documents you will need to provide to support your term deposit application.
Other Deposit Accounts Offered by the Bank
Citi offers a variety of savings and current accounts that you may want to learn more about to help you meet your everyday banking needs.
Current accounts available with Citi include:
- Global Foreign Currency Account
- US$ Checking Account
Savings accounts offered by Citi include:
- Citi MaxiGain Savings Account
- Basic Banking Account
- Citibank InterestPlus Savings Account
- Citibank MaxiSave Account
- Citibank Tap and Save Account
- Citibank Junior Savings Account
- Money Market Account
- US$ Savings Account
- Citibank Step-Up Account