Citibank Savings Accounts

Part of choosing the right financial products is finding ones which not only work well with you, but with each other. It is important that your high interest savings account can easily link with your transaction account, and that your transaction account not only allows you access to your funds wherever you are, but also includes fee free automatic transfers to your online savings account. To help you create the perfect combination of savings accounts, consider the range available from Citibank.

Citibank Online Saver Account

A great entrant into the Australian savings space which is really helping to keep the banks honest with their high savings rates.

• Maximum Rate: 5.80%
• Standard Variable Rate: 4.75%
• Bonus Rate: 1.05%
• Monthly Account Fees: $0
• Minimum Balance: $0
• Minimum Deposit: $0

Read the Citibank Online Saver terms and conditions

Savings Account	Account Details	Maximum Variable Rate p.a.	Standard Variable Rate p.a.	Bonus Interest p.a.	Fees	Min Balance/Min Deposit
Citibank Online Saver	One of the highest promo rates on the market for the first 6 months.	5.80%	4.75%	1.05%	$0	$0 / $0
Citibank Plus Transaction Account	No fees to pay and unlimited free transactions.	0.00%	0.00%	0.00%	$$0	$0 / $0

Citibank Plus Accounts

The Citibank Plus account is a transaction account, and can be linked to up to three high interest savings accounts to keep your savings separated, organised and growing, while also having them at call with instant transfers to your transaction account in case of an emergency.

Features of the Citibank Plus Transaction account include:

• Free and unlimited ATM transactions at eligible ATMs within Australia. Your Plus Transaction account allows you to access your funds for free at Citi, Westpac, St.George and BankSA ATMs.
• All the everyday transactions you need included for free. You can also make unlimited EFTPOS transactions, BPAY payments, direct debit transactions, Visa Debit transactions, phone and internet banking transactions and use cheque facilities for free.
• Link to more than one savings account. You can link the Citibank Plus Transaction account with as many as three Citibank Plus Linked Savings accounts where you can make deposits and withdrawals between the accounts using phone and internet banking, while having instant access to funds between the accounts.
• Link to a high interest online savings account. The Citibank Online Savings account can be linked to any personal transaction account, including the Citibank Plus Transaction account. With the Citibank Online Savings account you can make instant transfers to earn 6.40% p.a. interest daily for six months, before your interest rate reverts to a still competitive 5.25% p.a.

Features of the Citibank Plus Linked Savings accounts include:

• You can open up to three linked savings accounts. This allows you to clearly and easily save for more than one goal, for example you can set up a regular transfer to a linked savings account for emergencies, create a linked savings account for this year’s holiday and another for the renovations you want to make to your home. In this way no savings goal is forgotten and you can track the progress of each online or over the phone.
• Fee free saving. Transferring between your linked savings account and your Citibank transaction accounts is fee free, not to mention instant.
• No minimum balance required to earn 5.25% p.a. interest. Interest is calculated daily and paid monthly on your balance and you do not need to maintain a minimum balance, or meet an opening balance requirement.

The Citibank Ultimate Saver

The Citibank Ultimate Saver can be opened as a business savings account and used as a DIY super fund, but as a personal account it can be both your savings and your transaction account:

• Earns 10.00% p.a. interest on balances over $10,000. Interest is calculated daily and paid monthly on all funds between $10,000 and $1 million so that you have every opportunity in a month to earn interest as you are not penalised when your balance drops below the minimum $10,000, because you simply don’t earn interest that day. Plus, while the account requires a minimum $10,000 balance to earn interest, it does not require a minimum balance to open the account.
• No monthly fees and free ATM access. There are no monthly fees on your Ultimate Saver account, and you can make as many transactions at Citi, Westpac St.George and BankSA ATMs for free.
• Transaction account access. Though you are earning high interest, you still get all the transaction account features you need to, including ATM and EFTPOS use, a Visa Debit card, Australia Post and Bank@Post access, overseas ATM use, internet and phone banking. All transactions made in Australia are free and unlimited, where cheque facilities are charged a separate fee structure.
• Phone, online or branch application process. You can download an application form from Citibank and post it back, or you can apply in a branch or over the phone if you want to talk to a banking representative.
• Can be used as just your transaction account. If you want to keep your savings and your transactions separate to help you keep track of your progress towards a savings goal, without being distracted by bill payments you can link your Ultimate Saver to the Citibank Online Saver and earn 5.80% on every dollar, with no minimum balance and instant at call transfers between Citibank accounts.

Read more about the versatile Citibank Online Savings Account, which can be linked with any Citibank transaction savings account here, or follow our secure link to start an online application for a Citibank savings account today.

Related Resources

• Citibank Term Deposits

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