CITIBANK JUNIOR SAVINGS ACCOUNT

Start saving early.

Your child's kickstart.

Junior Savings Account

Citibank Junior Savings Account

  • Easy tracking of funds with separate monthly statement.
  • Earn interest as your child grows his savings.
  • Parents/Child aged 15 and above can access the account conveniently through online banking.

For account opening, please visit our branches or call our 24-Hour CitiPhone Hotline at 6225-5225 for more information.

Locate the nearest branch here.

Benefits
Minimum Initial Deposit Not required S$0
Checking facilities No Cheque book is not available for Junior Savings Account
Online Banking Yes

Yes, for adults and child aged 15 and above

No for child aged below 15

Phone Banking Yes CitiPhone Banking and Automated Voice Response
International ATM card Yes

Yes for adults and child aged 15 and above

No for child aged below 15

Other requirements Yes
  • One Child per account
  • Child is aged below 18
  • Child can open account jointly with 1 or 2 adult applicant(s) only
  • Adult is aged 18 and above
FAQs

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There is no service fee ONLY for the Junior Savings Account.

However, typically if there are any other savings accounts, you need to maintain TRB (Total Relationship Balance) of S$5,000 or S$50,000 or $200,000 or $1,000,000 for Citibanking or Citi Priority or Citigold or Citigold Private Client respectively.

Example 1: You ONLY have Junior Savings Account

Total Relationship Balance = $5, Account Service Fee (for Citibanking) = $10

  • No service fee will be charged.

Example 2: You have Maxisave and Junior Savings Account

Total Relationship Balance = $5, Account Service Fee (for Citibanking) = $10

  • No service fee will be charged from Junior Savings Account. SGD Maxisave will be charged $5.

Your child, who is 15 years and older, can access his funds via ATM machines or Citibank Online if you, the adult account holder, authorise to give the child the Citicard. You must sign the Citibank Junior Savings Account - Application for Citicard and ATM-Pin Issuance form before the issuance can take place.

Yes, this account offers Internet Banking access anytime, anywhere, via Citibank Online. As for your child, if he/she is above 15 years of age and with your consent, he/she can also access the account online too.

Terms & Conditions:Terms & Conditions:

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.