• Citibank Foreign Currency Fixed Deposits

    Citibank commenced operations in the year 1902 in Singapore. Back in those days, it was called the IBC or International Banking Corporation. This was the first bank from the United States of America to establish a branch in Singapore. In the year 1980, automated teller machines, commonly known as ATMs were popularised by Citibank in Singapore. In 1982, the Global Consumer Banking division was introduced in Singapore by this bank. Being one of the best banks across the globe, it offers financial solutions that are innovative and customisable. The Monetary Authority of Singapore awarded Citibank with the QFB (Qualifying Full Bank) licence.

    It is a really great feeling to earn well. Earning more will help you to achieve whatever you want. But it also very important that you know how to save. Investment in fixed deposits can prove to be a good option for the people of Singapore when savings is concerned. They can deposit a particular amount in the foreign currency fixed deposit account and then choose a tenure as per their convenience. The foreign currency fixed deposit scheme offered by Citibank in Singapore is tailored to meet all the requirements and needs of the customers.

    Why choose Citibank Foreign Currency Fixed Deposit

    Citibank cares about its customers and offers products that are tailored to meet their needs. The bank has provided great service since the day it commenced its operations and earned a lot of goodwill and reputation for its financial solutions. Citibank Foreign Currency Fixed Deposit offers attractive returns and immense amount of flexibility. It holds a great potential and you may actually earn more than SGD deposits with this foreign currency fixed deposit account.

    Features and Benefits of Citibank Foreign Currency Fixed Deposit

    There are a myriad of features and benefits that come with foreign currency fixed deposit scheme offered by Citibank. Let us understand these in details.

    • The minimum deposit that you have to make to start a foreign currency fixed deposit account with Citibank is SGD 10000
    • You can choose from a wide range of currencies that includes Euro, New Zealand Dollar, Australian Dollar, Swiss Franc, Canadian Dollar, Sterling Pound, Hong Kong Dollar, Japanese Yen, South African Rand, Offshore Renminbi and US Dollar
    • The tenor is extremely flexible and you can opt for one week, one month, two months, three months, six months, nine months and twelve months as tenor
    • Avail the benefits of online banking by checking your account anytime, anywhere. You can also avail phone banking when you need
    • The rates of interest offered on fd that are pretty attractive and help you earn substantially well

    CitiGold Foreign Currency Time Deposit

    If you are a CitiGold customer who has a minimum deposit amount SGD 50000 and a maximum deposit amount if SGD 5000000 then you can avail great preferential rates of interest for your foreign currency fixed deposit account. This particular promotion is applicable for the new funds. New funds generally refer to a particular deposit amount that comes from outside Citibank. New funds can also refer to those amounts that are incremental to average everyday balance of the deposits for that month before placement of time deposit.

    Foreign Currency Time Deposit Rates of Interest for CitiGold customers

    Currency 1 month (per annum) 3 months (per annum)
    AUD 1.90% 2.10%
    USD 0.70% 0.90%
    NZD 2.15% 2.35%
    CNH 2.10% 2.30%
    ZAR 5.30% 5.50%

    How to apply for Citibank Foreign Currency Fixed Deposits

    There are several ways by which you can apply for the foreign currency fixed deposit scheme offered by Citibank. You can choose to apply for this scheme online. For this, you have to go to the official website of the bank and enter all the required details. After you provide the all the information, you will get a call from the bank regarding the initiation of your application. You will also get a notification on your registered mobile and email about the same.

    You can choose to call up a representative in the bank and apply for the scheme. This way you will also be able to clarify your doubts, if any, over the phone call itself.

    The third option that you can go for is walking into the nearest branch of Citibank. Speak with a banker to know more about the foreign currency fixed deposit scheme and apply directly at the bank.

    Citibank Foreign Currency Fixed Deposit Frequently Asked Questions

    1. What is the minimum deposit amount for starting a foreign currency fixed deposit account with Citibank Singapore?
    2. In order to start a foreign currency fixed deposit account with Citibank Singapore you must deposit a minimum amount of SGD 10000.

    3. What are the currencies that I can choose from for my Citibank Foreign Currency Fixed Deposit?
    4. You can choose from a wide range of currencies that includes Euro, New Zealand Dollar, Australian Dollar, Swiss Franc, Canadian Dollar, Sterling Pound, Hong Kong Dollar, Japanese Yen, South African Rand, Offshore Renminbi and US Dollar

    5. What is the minimum deposit limit for a CitiGold customer who wants a foreign currency fixed deposit account with Citibank?
    6. The minimum deposit for a CitiGold customer who wants to open a foreign currency fixed deposit account with Citibank must be SGD 50000.

    7. What is the maximum deposit limit for a CitiGold customer who wants a foreign currency fixed deposit account with Citibank?
    8. The maximum deposit for a CitiGold customer who wants to open a foreign currency fixed deposit account with Citibank must be SGD 5000000.

    9. Can I choose a nine month tenure for my foreign currency fixed deposit?
    10. Yes. You may choose a nine month tenure for your foreign currency fixed deposit with Citibank Singapore.

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