CITIBANK TIME DEPOSITS ACCOUNT

Time Deposits.

Open a Fixed Deposit Account today!

What is Citibank Time Deposit Account?

A time deposit account is an account that has a fixed term and interest rate. You can open such an account to enhance your savings, as it lets you earn a fixed interest rate on your savings based on the tenor you have selected. You can withdraw your funds at the completion of the term period, or you can choose to renew the time deposit. Citibank offers different types of fixed deposit accounts that you can select according to your needs.

PROMOTION

SGD Time Deposit Promotion1

Exclusive SGD Time Deposit rate for customers of Citigold Private Client and Citigold.

Currency New Funds Deposit Amount 3 Months (p.a.) 6 Months (p.a.) 12 Months (p.a.)
SGD S$50,000 to S$3,000,000 3.50% 3.90% 3.40%
Promotions

USD Time Deposit Promotion2

Exclusive USD Time Deposit rate for customers of Citigold Private Client and Citigold.

Currency New Funds Deposit Amount 3 Months (p.a.) 6 Months (p.a.) 12 Months (p.a.)
USD US$50,000 to US$3,000,000 4.30% - 4.70%
Promotions

SGD Time Deposit Investment Bundle Promotion3

Exclusive SGD Time Deposit Investment Bundle Promotion is yours to enjoy.

Currency Investment Amount Investment Sales Charge 2-Months (p.a.)
SGD S$50,000 and above 1% and above 5.50%

Foreign Currency Time Deposit Investment Bundle Promotion4

Exclusive Foreign Currency Time Deposit Investment Bundle Promotion is yours to enjoy.

Currency 3 months (p.a.)
USD 6.50%

Insurance Time Deposit Bundle5

Enjoy preferential 2-month SGD or USD Time Deposit rate of up to 16.00% p.a. when you purchase an eligible insurance plan.

Regular Premium (Savings)
Annualised Premium
2-month SGD or USD
Time Deposit interest rate (p.a.)
S$8,000 to < S$12,000 8.00%
S$12,000 to < S$18,000 10.00%
S$18,000 to < S$36,000 12.00%
S$36,000 to < S$50,000 15.00%
S$50,000 and above 16.00%
Regular Premium (Protection)
Annualised Premium
2-month SGD or USD
Time Deposit interest rate (p.a.)
S$3,000 to < S$4,000 8.00%
S$4,000 to < S$6,000 10.00%
S$6,000 to < S$10,000 12.00%
S$10,000 to < S$20,000 15.00%
S$20,000 & above 16.00%
Single Premium
(Savings)
2-month SGD or USD
Time Deposit interest rate (p.a.)
S$150,000 to < S$250,000 5.00%
S$250,000 to < S$500,000 6.00%
S$500,000 to < S$1,000,000 8.00%
S$1,000,000 & above 10.00%
Single Premium
(Protection)
2-month SGD or USD
Time Deposit interest rate (p.a.)
S$150,000 to < S$250,000 5.00%
S$250,000 to < S$500,000 6.00%
S$500,000 to < S$1,000,000 9.00%
S$1,000,000 & above 12.00%

Terms & Conditions

Exclusive Singapore Dollar (SGD) 3-month Time Deposit Investment Bundle Promotion

Earn more on your SGD Time Deposits when you invest in Bonds, Structured Notes or Unit Trusts with us.

Citibank Foreign Currency August 2018 Promotion Terms and Conditions

  1. "Promotion" refers to the 'Citibank Foreign Currency August 2018' Promotion.
  2. "Promotion Period" ends on 31 August 2018, and is subject to change without notice. Citibanking, Citigold & Citigold Private Client customers are excluded.

Citibank Foreign Currency Time Deposit Promotion

  1. A minimum deposit equivalent to SGD 10,000 is required Maximum deposit amount is SGD 1 million equivalent per customer. 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 foreign exchange conversion, the source of funds has to be in a different currency type and accordingly foreign exchange conversion is required for the full deposit amount. A linked Citibank Checking or Savings Account is required for placement of Time Deposits. All rates offered are promotional rates and are subject to change at the bank's discretion without prior notice. The rates quoted above are applicable within the Promotion Period and is subject to change without notice.
  2. For pre-termination of the time deposit, 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. Foreign currency investments are subject to rate fluctuations which may provide both opportunities and risks and you may experience a gain or 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.

General

  1. This promotion is not applicable with any other promotion.
  2. "Citibank" means Citibank Singapore Limited.
  3. Citibank's decision on all matters relating to the Citibank Foreign Currency August 2018 Promotion will be final and binding. Citibank reserves the right at its absolute discretion to terminate this Promotion or vary, delete or add to any of these terms and conditions from time to time without notice.

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.

S$ TIME DEPOSIT

What is a Singapore Dollar Time Deposit?

Citibank Singapore Dollar Time Deposit is a fixed deposit account. It allows you to grow your savings with a range of tenors according to your preference. The board interest rate is fixed throughout the tenor of the deposit.

Benefits of Singapore Dollar Time Deposits:

  • Minimum deposit of S$10,000 to open an account.
  • Choose from minimum tenure of 1 week to a maximum of 48 months.
  • Competitive interest rates.

Board Rates of Singapore Dollar Time Deposits

Select your preferred tenor and deposit amount:

Tenor:

Deposit Amount:

Board Rate:

 RESET

Features of Singapore Dollar Time Deposit:

Minimum deposit Required* S$10,000
Tenor Available Yes Overnight*,1 week, 1, 2, 3, 6, 9, 12, 18, 36, and 48 months
Online Banking Yes View and place your time deposit online
Phone Banking Yes CitiPhone Banking and Automated Voice Response
Other requirement Yes A corresponding checking and savings account must be opened
FOREIGN CURRECNY TIME DEPOSIT

Benefits of Foreign Currency Time Deposits

  • Choice of foreign currency time deposits for attractive returns.
  • Choice of tenures available for greater flexibility.
  • Potential to earn higher interest rates than S$ deposits

Foreign Currency Time Deposit Board Rates

Minimum deposit Required^ S$10,000
Currencies Available 11 Euro, Australian Dollar, New Zealand Dollar, Sterling Pound, Canadian Dollar, Swiss Franc, Japanese Yen, Hong Kong Dollar, US dollar, Offshore Renminbi and South African Rand
Tenor Available * Yes Overnight^, 1 week, 1, 2, 3, 6, 9, 12 months
Online Banking Yes View and place your foreign currency time deposit online
Phone Banking Yes CitiPhone Banking and Automated Voice Response
FAQs

Click on    to expand and on    to minimise the details.

There is no difference between time deposit and fixed deposit. Both the terms are used interchangeably.

Our Time deposit account offers competitive interest rate to grow your savings. These accounts come with flexible tenures to suit your individual need for funds. If you keep your money for a longer tenure, you will earn a better interest rate when it matures.

Yes, you may pre-terminate the time deposit before the maturity date. However, you will not earn any interest and an administrative fee may be imposed for termination of time deposits prior to maturity date. You may review the applicable fee (if any) on Citibank Online prior to pre-termination.

The advantages of time deposits are as follows:

  • They are not dependent on fluctuating market trends
  • They offer low risks
  • They are easy to maintain
  • They have flexible tenures

Fixed deposits offer a guaranteed interest rate. You can save your money in a fixed deposit account and earn interest on it. So, when it matures, you will receive a bigger sum than what you invested. It comes with zero risks, as it is not dependent on market fluctuations and trends.

The interest rates for time deposit accounts are fixed at the time when you open the account. They are not dependent on market fluctuations.

Yes, foreigners can open fixed deposits in Singapore if they have the following documents:

    •Passport
    •Address Proof
    •Employment Pass/Dependent Pass/S Pass/Student Pass/Long-term visit pass

Yes, other than opening your fixed deposit account in USD, you can also open a fixed deposit account in other foreign currencies.

Rates quoted are subject to change without notice.

For existing Citibank customer, speak with us via Live Chat on your Citibank Mobile® App on how you can enjoy these attractive interest rates.

For new to Citibank customer, start your wealth journey with us here

Important Notes:Important Notes:

The promotions, products and services mentioned in the referenced document are not offered to individuals resident in the European Union, European Economic Area, Switzerland, Guernsey, Jersey, Monaco, San Marino, Vatican, The Isle of Man, the UK, Brazil or New Zealand. The referenced document is not, and should not be construed as, an offer, invitation or solicitation to buy or sell any of the promotions, products and services mentioned therein to such individuals. 

1Click here for Citigold Private Client and Citigold SGD Time Deposit Promotion Terms and Condition

2Click here for Citigold Private Client and Citigold USD Time Deposit Promotion Terms and Condition

3Click here for SGD Time Deposit Investment Bundle Promotion Terms and Conditions

4Click here for Foreign Currency Time Deposit Investment Bundle Promotion Terms and Conditions.

5Click here for full terms and conditions of the Insurance Time Deposit Bundle Promotion.

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 refer to SDIC's website at www.sdic.org.sg.

An administrative fee or withdrawal charge may be imposed for termination of time deposits prior to maturity date. 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.