Money Market Account
- The potential to earn higher interest than an ordinary savings account based on the daily prevailing Singapore Dollar Interbank Bid Rate1.
- Easy tracking of funds with separate monthly statement.
- Online banking - Pay Anyone online cheque payment service, direct transfer of funds between accounts, Electronic Statements.
|Minimum Initial Deposit||Required||S$30,000|
|Eligibility Criteria||Yes||Aged 16 and above|
|Checking facilities||No||Not available|
|Interest Earning||Yes||Daily interest calculation is based on the daily prevailing Singapore Dollar Interbank Bid Rate1|
|Online Banking||Yes||Pay Anyone online cheque payment service, direct transfer of funds between accounts|
|Phone Banking||Yes||CitiPhone Banking and Automated Voice Response|
|International ATM card||Yes||Free international ATM card with access to over 1.4 million Visa PLUS ATMS globally|
Terms & Conditions:Terms & Conditions:
1Citibank reserves the right to determine the daily interest payable based on the daily prevailing Singapore Interbank Bid Rate (SIBID). The rate is currently based at 70% of daily 1 month SIBID. The account does not earn interest if the average monthly balance, calculated as at the last day of the month, falls belong S$30,000.
Deposit Insurance Scheme
Singapore dollar deposits of non-bank depositors are insured by the Singapore Deposit Insurance Corporation, for up to S$50,000 in aggregate per depositor per Scheme member by law. Foreign currency deposits, dual currency investments, structured deposits and other investment products are not insured. For more information, please refer to SDIC's website at www.sdic.org.sg.
Citibank full disclaimers, terms and conditions apply to individual products and banking.