What is Citibank US$ Savings Account?
A Citibank US$ Savings Account offers you ease of access on your US dollar funds. It comes with several useful features through which you can directly transfer funds between accounts, access ATMs globally, and more. You can even streamline your everyday transactions through Internet Banking, Citi Phone Banking, etc.
Revision of US$ Savings Account Interest Rate
Effective 1 July 2020, the interest rate will be revised from 0.05% p.a. to 0% p.a. for balances above US$5,000.
Features of US$ Savings Account
- Suitable for non-Singaporean residents who have a need to transact in US$.
- Convenient way to manage day-to-day transactional needs through Internet Banking, ATM, AVR and CitiPhone Banking.
|Minimum Initial Deposit||Required||USD$10,000|
|Eligibility Criteria||Yes||Aged 16 and above|
|Checking facilities||No||Not available for Savings Account|
|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 2 million ATMs worldwide|
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Yes, you may open a USD Account if you are based in Singapore.
A USD account can be useful to you if you wish to have a specific account for your USD funds. Such an account will also help you cut currency exchange costs, easily exchange currencies to SGD at preferential rates, and limit international transaction fees.