Premium Accounts
	Benefit from global moves

Premium Accounts - Personalized banking solution with a touch of innovation.

Earn higher interest rates and get your Principal + Interest back in one of the two currencies chosen at inception.
If you are looking to counter the low interest rates through an innovative investment solution, Premium Account is for you. Premium Accounts are short-term, currency related Investment accounts that provide you with an exciting opportunity to earn a higher interest rate as compared to a conventional Time Deposit.

The higher interest rate is because you accept the possibility that, at the maturity of Premium Account, you may be paid your Principal + Interest in another currency based on the choices taken while booking. The product is offered for the major G-7 currencies (USD, EUR, GBP, JPY, CHF, AUD & CAD).

Premium Accounts provide multiple benefits:
• You benefit from the significantly higher interest rates on your principal
• Product is tailor-made to suit your individual view and needs
• If you are holding a currency that is expected to depreciate, then you benefit from the higher interest rates
• You may have professional / personal need for two or more currencies and hence are indifferent to holding any of the two currencies. Premium Accounts offer you opportunity to be part of the FX markets and earn higher interest rates because you may be paid back in another currency as chosen at booking
• You can maintain your liquidity with Premium Accounts through the tenor flexibility that we offer. Tenors range from 7 days to 180 days

There are 5 main steps in booking a Premium Account order:

Step 1: Base currency and Principal
You choose the initial currency and principal to be invested e.g. USD 1,000,000

Step 2: Alternate currency
You choose the alternate conversion currency based on your needs and your view with respect to the
Base currency. This is the currency in which you could be paid your Principal + Interest on maturity
of the investment e.g. EUR

Step 3: Tenor
You choose the tenor of your investment in line with your view and needs e.g. 30 days

Step 4: Strike Rate
You select the rate at which you will want your investment to be converted to the alternate currency based on your outlook for the currencies. If you want to get your money back in your invested currency, select a strike rate you are confident your Base currency will not strengthen to. You will be paid in the currency which weakens relative to the Strike rate e.g. EUR/USD Strike rate fixed at 1.55 when spot rate is 1.56

How to select the Strike rate?
The closer the Strike rate is to the current Spot exchange rate, the higher the Premium Interest that you will get

Step 5: Interest Rate
Citibank will provide you the special Premium Account interest rate depending on your choice of Base currency, Alternate currency, Tenor and Strike rate e.g. Combining the above 4 examples, Interest rate for USD base, EUR alternate for 30 days at strike rate of 1.55 is 10.00%
At maturity, you will be paid back your principal investment along-with the agreed interest as per the below scenario:

Scenario 1:
If Base currency weakens relative to Strike rate, you will be paid your Principal + Premium Interest
in Base currency e.g. USD is weaker than 1.55 (Strike rate), you will be repaid in USD

Scenario 2:
If Base currency strengthens i.e. Alternate currency weakens relative to Strike rate, you will be paid your Principal + Premium Interest in Alternate currency e.g. USD is stronger than 1.55 (Strike rate), you will be repaid in EUR

For more information on Premium Accounts & Product Simulation please call your Relationship Manager at Citibank, or CitiPhone Banking on +9714 311 4000

If you would like a Relationship Manager to call you please click here.

Investment Disclaimer:
This website does not constitute any offer or solicitation to buy or sell. Investors should refer to the relevant offering document(s) for detailed information and applicable terms & conditions prior to subscription. Investment products are not bank deposits or obligations or guaranteed by Citibank N.A., Citigroup Inc. or any of its affiliates or subsidiaries unless specifically stated. Investment products are not insured by government or governmental agencies. Investment and Treasury products are subject to Investment risk, including possible loss of principal amount invested. Past performance is not indicative of future results: prices can go up or down. Investors investing in investments and/or treasury products denominated in foreign (non-local) currency should be aware of the risk of exchange rate fluctuations that may cause loss of principal when foreign currency is converted to the investors home currency. Investment and Treasury products are not available to U.S. persons. All applications for investments and treasury products are subject to Terms and Conditions of the individual investment and Treasury products. Customer understands that it is his/her responsibility to seek legal and/or tax advice regarding the legal and tax consequences of his/her investment transactions. If customer changes residence, citizenship, nationality, or place of work, it is his/her responsibility to understand how his/her investment transactions are affected by such change and comply with all applicable laws and regulations as and when such becomes applicable. Customer understands that Citibank does not provide legal and/or tax advise and are not responsible for advising him/her on the laws pertaining to his/her transaction. Citibank UAE does not provide continuous monitoring of existing customer holdings.

Premium Account Disclaimer:
A Citibank Premium Account is a dual currency investment that involves a currency option which confers on the bank the right to repay the principal and interest earned at maturity in either the base currency or alternate currency. Part or all of the interest earned at maturity on the Citibank Premium Account represents the premium that the bank pays for the currency option.
By investing in a Citibank Premium Account, you are giving the bank the right to repay you at a future date in the alternate currency (instead of the base currency in which your initial investment was made), regardless of whether you wish to be repaid in the alternate currency at that time.
Unlike a traditional bank account, a Citibank Premium Account has an investment element and returns may vary. Citibank Premium Accounts are subject to a number of risks, including foreign exchange fluctuations, which may provide both opportunities and risks. You may experience a foreign exchange loss when you convert any alternate currency into the base currency, which may neutralize the interest earned at maturity and may even result in losses to the principal. It may happen if the alternate currency depreciates in value against the base currency and the interest earned at maturity will not compensate for the foreign exchange loss, which in that case will be incurred when the principal and premium received in the alternate currency are converted back into the base currency. Exchange controls may also apply to currencies your Citibank Premium Account is linked to. For more information on a Citibank Premium Account, you should carefully read the terms and conditions of the Citibank Premium Account.
You should note that a Citibank Premium Account is an investment product that should be held to maturity. Early withdrawal of a part of a Citibank Premium Account prior to the maturity date is not permitted. Early withdrawal of the whole of a Citibank Premium Account is permitted but strongly discouraged, because you will have to pay early termination charges as determined by the bank, and these charges will be deducted from the amount repaid under the Citibank Premium Account. You should also note that the bank may, at any time at its discretion, discharge its entire liability with respect to a Citibank Premium Account by paying you your principal and interest that has accrued in the base currency or a currency of the Bank's choice.
Investment products are not bank deposits or obligations or guaranteed by Citibank N.A., Citigroup Inc. or any of its affiliates or subsidiaries unless specifically stated. Investment products are not insured by government or governmental agencies. Investment and Treasury products are subject to Investment risk, including possible loss of principal amount invested. Past performance is not indicative of future results: prices can go up or down. Investors investing in investments and/or treasury products denominated in foreign (non-local) currency should be aware of the risk of exchange rate fluctuations that may cause loss of principal when foreign currency is converted to the investors home currency. Investment and Treasury products are not available to U.S. persons. All applications for investments and treasury products are subject to Terms and Conditions of the individual investment and Treasury products. Customer understands that it is his/her responsibility to seek legal and/or tax advice regarding the legal and tax consequences of his/her investment transactions. If customer changes residence, citizenship, nationality, or place of work, it is his/her responsibility to understand how his/her investment transactions are affected by such change and comply with all applicable laws and regulations as and when such becomes applicable. Customer understands that Citibank does not provide legal and/or tax advise and are not responsible for advising him/her on the laws pertaining to his/her transaction.Citibank UAE does not provide continuous monitoring of existing customer holdings.