A Citibank Time Deposit offers you the freedom and convenience of:
- earning competitive interest rates;
- switching currencies during the period of your deposit;
- withdrawing a part of your deposit whenever you need it .
A Citibank Time Deposit gives you the assurance that your money is not tied
up while earning interest at competitive rates should an investment opportunity
or sudden liquidity need arises. You can free cash from your time deposit immediately
without losing all or most of the interest you have earned.
You can always be ready to take advantage of foreign exchange opportunities by
switching currencies** as often as you like. The usual penalty
for terminating a deposit is waived when you switch currencies and place the funds back
into another Time Deposit with the original maturity date or longer.
If you need to pre-terminate your deposit, you pay a fee only on the amount withdrawn.
And you'll still earn interest on the withdrawn amount for the whole time it had been on deposit,
which can be used to offset the cost of pre-termination fees.
A Citibank Time Deposit is available in any of the major currencies* and flexible
tenures of 1 week, 1 month, or 3, 6, 9 and 12 months,
with the option of automatic renewal. Minimum deposit is US$50,000 or its equivalent.
In addition, an automatic overdraft can be extended to you in Singapore, or by arrangement,
through your local Citibank branch.
| * |
US Dollar |
Australian Dollar |
New Zealand Dollar |
| |
Canadian Dollar |
Sterling Pound |
Japanese Yen |
| |
Euro |
Hong Kong Dollar |
Singapore Dollar |
| |
Swiss Franc |
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| ** |
This feature does not apply to Singapore Dollar deposits.
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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 the light of your investment objectives, your financial means and your risk profile.
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