Time DepositsIf your appetite for risk is minimal, your banker can advise you on time deposits (also known as fixed deposits) as forms of investment. There are various kinds of time deposits available in different tenures and currencies. You lock your money in for a fixed amount of time at a fixed rate of interest. Upon maturity of the time deposits, you can withdraw your principal sum plus the interest earned.
Foreign currency time deposits work just like ordinary time deposits, except they are not in local currency. The element of risk is present because exchange rate can go up or down.
To find out how Citibank can help you to invest, send us your Personal Investment Profile or set an appointment with us at your convenience. Or call our 24-Hour CitiPhone Banking on (65) 224 5757.