The Citibank Singapore Dollar Time Deposit account allows you to earn competitive interest on your placement. It comes with an ample choice of placement periods. The online banking and phone banking facility enables you to access your fixed deposit account at any time. Moreover, this account is insured under Singapore Deposit Insurance Corporation up to S$50,000.
Features and Benefits of This Account
- The tenures available are: 1 week, 1 month, 2 months, 3 months, 6 months, 9 months, 1 year, 18 months, 3 years, and 4 years.
- You will get the CitiPhone Banking and Online Banking facility. You can view the account details online.
- The minimum deposit for this time deposit account is S$10,000.
What Interest Rates Are Offered
The table given below clarifies what you will earn on your deposits are interest in a per year basis:
|Placement Amount||Tenure, interest (% p.a.)|
|1 week||2 weeks||1 month||2 months||3 months||6 months||12 months||24 months||36 months|
|S$10,000 to S$50,000||0.05||0.05||0.05||0.08||0.08||0.1||0.1||0.1||0.1|
|S$50,000 to S$100,000||0.05||0.05||0.05||0.08||0.08||0.1||0.1||0.1||0.1|
|S$100,000 to S$250,000||0.05||0.05||0.05||0.08||0.08||0.1||0.1||0.1||0.1|
|S$250,000 to S$500,000||0.05||0.05||0.05||0.08||0.08||0.1||0.1||0.1||0.1|
|S$500,000 to S$750,000||0.05||0.05||0.05||0.08||0.08||0.1||0.1||0.1||0.1|
|S$750,000 to S$1 million||0.05||0.05||0.05||0.08||0.08||0.1||0.1||0.1||0.1|
|S$1 million to S$3 million||0.05||0.05||0.05||0.08||0.08||0.1||0.1||0.1||0.1|
Who Is Eligible to Open This Account?
The eligibility criteria for opening a Citibank Singapore Dollar Time Deposit account are:
- The minimum placement must be S$10,000.
- You must open a corresponding savings and checking account.
How to Open a Citibank Singapore Dollar Time Deposit Account
Contact the bank or your relationship manager for full details on how you can open this account and leverage on its benefits. However, you can make deposits online once the account is opened and functional.