CITIBANK INTERESTPLUS SAVINGS ACCOUNT

InterestPlus Savings Account.
Flexibility and ease of access.

InterestPlus Savings Account. Flexibility and ease of access.

Citibank InterestPlus Savings Account

With effect from 1 August 2020, please note that the following changes will apply to the InterestPlus Savings Account:

  • • Bonus Interest will no longer be earned on new Spend, Invest, Protect, and Borrow transactions.
  • • We will cease to accept new applications for InterestPlus Savings Account.

To facilitate the transition, you will continue to enjoy Bonus Interest on qualifying Invest, Protect and Borrow transactions carried out before 1 August 2020. The Bonus Interest will continue to be paid until the end of the 12-month interest payment period.


Looking for an alternative way to boost your savings? You can earn up to 2.8% p.a. with the new Citi Wealth First Account.

Find out more

Citibank InterestPlus Savings Account

  • Get the most out of your spend, protect your loved ones and grow your wealth. Plus, earn up to 2.5% p.a. more on your savings.
  • Complimentary cash withdrawals from Citibank ATMs overseas (with no processing fee), instant fund transfers and more.
  • Have a Personal Banker take care of your financial needs when you have balances above S$50,000.
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Useful Info

Bonus interest:

Applicable only for qualifying transaction(s) made before 1 August 2020.

  • Over a 12 months period for investment, insurance, and mortgage loan
  • On the first S$50,000 in your account
  • On top of your base interest

Eligibility:

Individuals 18 years and above (new applications are no longer accepted)

Other Benefits:

Checking facilities Yes
  • First checkbook upon account opening will be issued upon request, at no charge.
  • Subsequent checkbooks are automatically replenished at S$15 each.
  • Free check imaging printed on monthly statements for easy monitoring and tracking
Online Banking Yes Transfer funds online or between accounts
Phone Banking Yes CitiPhone Banking and Automated Voice Response
Citibank Debit Card Yes Free Citibank Debit Card with access to over 13,000 ATMs as well as millions of merchants worldwide
FAQs

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You will earn bonus interest if you have opened an existing InterestPlus Savings account before 1 August 2020, and engaged in qualifying transaction(s) before 1 August 2020:

  • Purchased a single lump sum investment of at least S$25,000, multiple lump sum investments aggregating to at least S$25,000 in a month or a Regular Savings Plan with a period of at least 12 months with a minimum investment amount of at least S$250 per month, in unit trusts or;
  • Purchased an insurance policy with a single premium of at least S$25,000, multiple insurance policies with aggregated single premiums to at least S$25,000 in a month or a regular premium insurance policy with monthly premiums of at least S$250 over a period of 12 months or;
  • Took up a home loan of at least S$250,000.

The above qualifying transaction(s) should have been performed on or after your InterestPlus Savings Account opening date.

The Bonus Interest applicable for each Qualifying Transaction Category is as follows:

  • Invest - 1.2% p.a. for 12 months;
  • Protect - 1.2% p.a. for 12 months;
  • Borrow - 1% p.a. for 12 months

You will continue to enjoy Bonus Interest on qualifying Invest, Protect and Borrow transactions carried out before 1 August 2020. The Bonus Interest will continue to be paid until the end of the 12-month interest payment period.

No. We have revised the account features of InterestPlus Savings Account effective 1 August 2020. You may speak to your Relationship Manager for alternative options for your funds.

Bonus Interest is calculated using your average daily available balance. The relevant average daily available balance used for the purpose of computing Bonus Interest is:

  • For Investment Transactions, for the 12-month period starting from the settlement date - Settlement Date;
  • For Insurance Transactions, for the 12-month period starting from the policy inception date - Inception Date; and
  • For Home Loan Transactions, for the 12-month period starting from the loan disbursement date - Disbursement Date.

You will be paid Bonus Interest in the month immediately following the Settlement Date, Inception Date and Disbursement Date, as the case may be. You are entitled to Bonus Interest at the applicable Bonus Interest Rate for a 12-month period starting from the Settlement Date, Inception Date and Disbursement Date, as the case may be. In the case of Regular Savings Plan and Regular Premium Insurance Policy, you will no longer be entitled to Bonus Interest when you cease to participate in the Regular Savings Plan, when you terminate the insurance policy or when your insurance policy lapses, as the case may be.

Bonus Interest at the applicable Bonus Interest Rate will be applied to the balances in your Citibank InterestPlus Savings Account and is capped at the first S$50,000.

Terms & Conditions:Terms & Conditions:

Click here for the full terms and conditions

Deposit Insurance Scheme

Singapore dollar deposits of non-bank depositors are insured by the Singapore Deposit Insurance Corporation, for up to S$75,000 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 visit www.sdic.org.sg.

The products and services mentioned above are not offered to individuals resident in the European Union, European Economic Area, Switzerland, Guernsey, Jersey, Monaco, San Marino, Vatican, and The Isle of Man. This webpage is not, and should not be construed as, an offer, invitation or solicitation to buy or sell any of the products and services mentioned herein to such individuals.

Investment products are: Not Bank Deposits. Not Bank Guaranteed. May Lose Value. Not Insured By Any Government Agency. Investment products are not available to U.S. Persons. This is only general product information provided by us and is not a contract of Insurance. The information provided must be read with, and subject to, all the terms and conditions and exclusions contained in the policy contract. Full details are stated in the policy contract. You should seek advice from a qualified adviser if in doubt. If you choose not to, you are responsible for ensuring that any insurance product you have applied for is suitable for you. All insurance applications are subject to the insurer's underwriting and acceptance. Insurance products are not bank deposits or obligations of or guaranteed by Citibank Singapore Limited, Citigroup Inc or any of their affiliates or subsidiaries. Buying a life insurance policy can be a long-term commitment. An early termination of the policy usually involves high costs and the surrender value payable may be less than the total premiums paid. Insurance products are not eligible for deposit insurance coverage under the Deposit Insurance Scheme. They may be protected under the Policy Owners' Protection Scheme which is administered by the Singapore Deposit Insurance Corporation ("SDIC"). For the list of insurance companies which are scheme members, please refer to this link - https://www.sdic.org.sg/pp_scheme_members.php. Coverage is automatic and no further action is required from you. For more information on the types of benefits that are covered under the scheme as well as the limits of coverage, where applicable, please visit the LIA or SDIC websites (www.lia.org.sg or www.sdic.org.sg).

Citibank full disclaimers, terms and conditions apply to individual products and banking.

Citibank InterestPlus Savings Account

Use the sliders below to find out the amount of bonus interest you can earn with Citibank InterestPlus Savings Account.

Amount of funds you would like to place into your Citibank InterestPlus Savings Account

S$ 5,000
S$ 100,000
 
and above

Monthly spend on your Citibank Credit Card

S$ 0
S$ 500
 
and above

Your investment amount with Citibank

Select:

S$ 0
S$ 1,000
 
and above

Your insurance premium with Citibank

Select:

S$ 0
S$ 1,000
 
and above

Your home loan amount with Citibank

S$ 0
S$ 1,000,000
 
and above
Citibank InterestPlus Savings Account
Monthly spend on your Citibank Credit Card
Your investment amount with Citibank
Your insurance premium with Citibank
Your home loan amount with Citibank

You could earn a bonus interest of

0% p.a. in one year.

With an account balance of S$5,000, you could earn a bonus interest of

S$0 in one year.