The Citibank Online Saver account is Citibank’s high interest online savings account suitable for personal savings needs. Like most online savings accounts you will need to transfer funds into and out of this account via a nominated bank account. This nominated bank account does not have to be with Citibank. Deposits can also be made via cheque, direct debit and other electronic credit means but not cash.
The accounts basic features include:
- No account fees
- No minimum balance
- Access 24/7 via phone and internet banking
- Unlimited free withdrawals
- Deposits up to $1 million covered by Government guarantee until October 2011
- The introductory interest rate applies on balances up to $2 million with a slightly reduced rate applicable for amounts in excess of $2 million
The current promotional interest rate for the Citibank Online Saver is 6.45% pa with the standard interest rate 5.25% pa.
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Disclaimer: Product features including interest rates can change without notice. Please confirm all details with the product provider before taking any action.