Earn Competitive Interest
Earn our variable introductory rate, currently 1.55% p.a. for the first 4 months when your balances remain up to $500,000. At the end of the introductory period or if at any time your balance exceeds $500,000 (including due to interest credited to your account), the ongoing standard variable rate, currently 0.35% p.a. will be applied to your entire balance.
Example: You open a new Citibank Online Saver account and deposited $500,000 in month 1. Say, you earned $1000 interest in month 1. The account balance for month 2 is now $501,000. As the account balance exceeds $500,000, the interest rate applicable to your account for month 2 will be the standard variable rate on the entire balance and not the variable introductory rate, even though you are in the introductory period.