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Saving for a house

More savings means more options.

Getting Started

Set Your Goal

In order to set your savings goal, it helps to see how much you can afford to borrow. That should give you an idea of what sort of deposit you'll need to save. See how much you can borrow with our borrowing power calculator.

Borrowing power calculator

Plan Your Budget

Once you've worked out how much you need to save, you can plan your savings budget and see how long it will take to achieve your goal. Use our handy savings calculator to set your savings goal and how much you need to set aside to achieve it.

Savings calculator

Make Regular Deposits

Once you have set your savings budget, it's important to stick to it. It's easy to set up a regular savings plan during the application process for a Citibank Online Saver account or any time afterwards through Citibank Online. 

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Citibank Online Saver

Take the first step towards making your dream holiday a reality. Set up a Citibank Online Saver account and see how quickly you can achieve your savings goal with our specialised high interest savings account.

Helpful Hints

  • Record and analyse your spending habits.

    Get on top of your regular spending habits by recording everything that you spend money on, to get a sense of where your money is going. You might then be able to identify areas where you could reduce your spending.

    Always try to remain realistic about how much you can afford to cut back.

  • Pay off credit card bills and reduce your debts.

    Try to pay off any outstanding credit card debts as well as personal loans or hire purchase agreements before applying for your home loan.

    Reducing or removing these debts will increase your borrowing power as well as free up more money to save each month.

  • Keep an eye out for additional costs.

    When it's time to make an offer on a property or move in to your new home, there are often additional costs involved that may get overlooked. It's important to set aside some of your budget for the likes of building inspection and valuation fees, solicitors fees as well as stamp duty.

    If you have your eye on a property, you can calculate the stamp duty using our calculator.

Savings Calculator

Set your savings goal and see how quickly you can achieve it.

Set Your Goal

Term Deposit Calculator

Calculate how much interest you could earn from a Term Deposit.

Calculate Interest

Products You Might Like

Citibank Online Saver

Our fee-free savings account gives you flexibility, control and a competitive interest rate, to help you achieve your saving goals.

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Citi Global Currency Account

The all-in-one Citi Global Currency Account. It's a new way to manage multiple currencies - giving you complete control of your money, no matter where you are in the world. 

Learn More

Term Deposit

Get a guaranteed return on your savings with a Citibank Term Deposit. Lock in a competitive interest rate and watch your investment grow.

Learn More

Saving for a holiday?

See how we can help

Help and Support

Citibank Online

Access and manage your money in a quick, convenient and secure way, from anywhere in the world.

Start banking online

Tools and Calculators

Our banking calculators help you to plan and budget your finances to reach your goals, whatever they might be.

Start planning

More Forms & Information

Here we have all the information you need about our banking products, from interest rates to switching forms.

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Important Information

Citibank Term Deposits are issued by Citigroup Pty Limited ABN 88 004 325 080, AFSL and Australian credit licence 238098. The Term Deposit will automatically renew for the same term at maturity unless you have nominated otherwise. Please note that the interest rate that will apply to your reinvestment will be the interest rate current on the date of maturity which may be less than what may be available to you had you made a new investment.

The minimum investment amount for bonds is AUD $50,000. Investments are not deposits or other obligations of, guaranteed, or insured by Citibank N.A., Citigroup Inc., or any of their affiliates or subsidiaries, or by any local government or insurance agency, and are subject to investment risk, including the possible loss of the principal amount invested.

Investors investing in funds denominated in non-local currency should be aware of the risk of exchange rate fluctuations that may cause a loss of principal. Past performance is not an indicator of future performance. Investment products are not available to US persons and may not be available in all jurisdictions. All investments are subject to risks and can change in value.

Any advice is general advice only. It was prepared without taking into account your objectives, financial situation, or needs. Before acting on this advice you should consider if it's appropriate for your particular circumstances. You should also obtain and consider the relevant disclosure documents and terms and conditions before you make a decision about any financial product, and consider if it's suitable for your objectives, financial situation, and needs. Investors are advised to obtain independent legal, financial, and taxation advice prior to investing.

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