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 crisis appear. You can free cash from your time deposit immediately without losing all or most of the interest you have earned.
The Freedom To Switch Currencies
You can always be ready to take advantage of foreign exchange opportunities by switching currencies** as often as you like. The usual penalty for stopping a deposit is waived when you switch currencies and place the funds back into another Time Deposit with the original maturity date or longer.
No Hefty Penalties
If you need to pre-terminate your deposit, you pay a fee only on the amount withdrawn. And you’ll still earn interest on the withdrawn amount for the whole time it had been on deposit, which can be used to offset the cost of pre-termination fees.
Generous Choice Of Currencies And Tenures
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$50,000 or its equivalent.
In addition, an automatic overdraft can be extended to you in Singapore, or by
arrangement, through your local Citibank branch.
| * | US$ | Australian $ | New Zealand $ |
| Sterling Pound | Hong Kong $ | Thai Baht | |
| Swiss Franc | Yen | Singapore $ | |
| Hong Kong $ |
** This feature does not apply to Singapore Dollar deposits.