Citibank Term Deposits

Rates are for $50,000 to $100,000

$0 opening fees or account-keeping fees.
A minimum investment of just $10,000 is required.
Interest can be paid monthly, quarterly, annually or at maturity.
Higher interest rates are offered on larger investments.
Investments can be made in foreign currencies, and you have the option to change the currency at any time.

Who Should Open a Citibank Term Deposit Account?

Term deposits are a secure and reliable investment for a range of financial circumstances as you know your rate of interest and the amount of return you can expect, right from the beginning. Plus, your funds are locked away where you won't be tempted to spend them and diminish your investment.

Additional benefits of a Citibank term deposit:

Citibank is part of an internationally accessible financial organisation. Therefore, not only can you feel secure in trusting an established investment name, but you can also make investments in a number of currencies, and change those currencies during the term of your investment. This feature may suit international travellers or those who do business overseas and accept payments in other currencies. Rather than paying to convert the currencies, you can invest them directly with Citibank as they are.
You have the option to change the currency of your investment. Again, this may suit the international businessperson or traveller as you can have access to your funds in a variety of countries, or you can simply change the currency of your investment during the term, to take advantage as currencies weaken or strengthen.
The more you invest, the higher your interest rate. The minimum investment for a Citibank term deposit is $10,000, but a secondary tier of interest rates is available for investments over $25,000 to earn you even greater returns.

Features of a Citibank Term Deposit Account

Your returns are guaranteed from the time you open your term deposit account.
There are no opening costs or account-keeping or transaction fees applicable to your Citibank term deposit.
You can open and use a Citibank term deposit in a variety of currencies.
A minimum opening deposit of $10,000 is required for the promotional rates.
Interest is calculated daily.
Returns can be paid monthly, quarterly, annually or at maturity.
You'll receive clear written instructions in the use of your term deposit account, and access to phone support and advice.
You can use the Citibank term deposit earning calculator on the website to see how much interest you can earn across each term, and manipulate the investment and term amounts to reach your desired return.