- What's New
- Time Deposit Promotion
Citigold Private Client gives you unrivalled privileges to help you meet your every financial need. As a Citigold Private Client, you will enjoy preferential interest rates on your time deposits.
Preferential Foreign Currency (FCY) Time Deposits Rate
|Currency||1 month (p.a.)||3 months (p.a.)|
Only applicable to Citigold Private Clients with minimum deposit of S$50,000 equivalent and maximum foreign currency deposit of S$1,000,000 equivalent per customer. CNH refers to Offshore Renminbi and ZAR refers to South African Rand. This promotion is applicable for new funds. New funds refer to a deposit of funds: (a) from outside Citibank and (b) which is incremental to the average daily balance of deposits for the month before the placement of the time deposit. For placement with existing funds, foreign exchange conversion for the full deposit amount is required for all currencies. For CNH & ZAR, foreign exchange conversion for the full deposit amount is required for fresh or existing funds.
To find out more or to make Citigold Private Client your wealth management partner, click here or call our Citigold Private Client Service Line at +65 6388 3388.
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.
Only Citigold Private Clients can enjoy these preferential interest rates. A Citigold Private Client relationship starts with a minimum Assets Under Management of S$1,000,000. Assets Under Management refers to the combined balances held in a client's primary accounts including Citibank Checking and Savings account, Time Deposits and Investments. For placement of Time Deposits, a Citibank Savings or Checking Account is required.
For pre-termination of the SGD Time Deposits, Citibank reserves the right to charge a penalty fee, which will be deducted from the withdrawn amount. This may result in you earning lesser or no interest. For pre-termination of the Foreign Currency Time Deposits, Citibank reserves the right to charge a penalty fee, which will be deducted from the withdrawn amount. This may result in you receiving less than the principal amount in the currency of deposit, and you earning lesser or no interest. No pre-termination of the time deposit is allowed for CNH and ZAR currency.
Foreign currency investments are subject to rate fluctuations which may provide both opportunities and risks. You may experience a loss when you convert foreign currency back to your home currency. You should therefore determine whether any foreign currency investment is suitable for you in light of your investment objectives, financial means and risk profile.
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Citibank full disclaimers, terms and conditions apply to individual products and banking services. For more details, please visit www.citibank.com.sg ©2017 Citibank. Citi, Citibank, Citigold Private Client and Citi and Arc Design are registered service marks.Citibank Singapore Limited Co. Reg. No. 200309485K