Citibank High Interest Savings Account
Our savings account, the Citi Online Saver can give your savings a boost. Apply now and receive our current variable introductory rate of 1.10%p.a. for the first 4 months1. T&C apply.
The Citi Online Saver has no monthly fees, no minimum balance and no long-term commitments. It's your significant other savings account.
1.10% p.a.1
VARIABLE INTRODUCTORY RATE
(FIRST 4 MONTHS)
High Interest Savings
Earn our variable introductory rate, currently 1.10%p.a. for the first 4 months when your balance remains under $500,000.
At the end of the 4 months or if at any time your balance exceeds $500,000 (including due to interest credited to your account*), your account will have our ongoing standard variable rate, currently 0.35%p.a.
*For example: If your initial balance is $500,000, and you earn $1,000 interest in month 1, your balance of $501,000 in month 2 will earn interest at 0.35%p.a. on the entire balance, even though you are in the introductory period.
Benefits for Citi Customers
Fee-Free
No monthly fees and no minimum balance. Your interest is calculated daily and paid monthly on every dollar.
Link to any Account
Nominate any Australian bank account as your linked account - just make sure your bank lets you transfer money to other bank accounts.
Online Access
Your monthly eStatements will let you know how much interest you've earned for the month as well as the current interest rate.
No lock-ins
You can take your savings out instantly with no delays or fees. If you don't finish the month, you will still earn interest on the days your savings was in the account.
Regular Savings Plan
Set up a regular savings plan in moments, during your application or through Citibank Online. Check out our online demo for more information.
1. This offer is only applicable on the first Citibank Online Saver that you open. Interest rate may change at any time including during the first 4 months.
Savings Calculator
Are you planning your next holiday? Or getting together the deposit for your first home? Whatever your savings goals, see how quickly they can be achieved with our easy-to-use savings calculator.
What do you need to apply for the Citi Online Saver?
- You must be over 18 years old and a resident of Australia.
- You need a valid email and Australian residential address.
- A Tax File Number (TFN). To avoid being charged the highest marginal tax rate.
- You need the details of the bank account you'd like to link to your Citibank Online Saver.
- The account can only be used as a personal account (not a business or joint account).
Related reads
What is compound interest?
Compound interest is the secret ingredient to a great savings plan. It takes saving to another level, because it represents interest you earn on both the money you put in and the interest on that money.
Who is saving in Australia?
Where do your savings sit in the big scheme of things?
Despite current low interest rates, Australians are saving more than at any point since the 1980s.
How do I choose the right savings account?
We all know the benefits of a great savings account. But not all savings accounts are the same. There are nuances to understand when it comes to selecting the right one for you.
Help and Support
Online Saver Links
Additional information about the Citibank Online Saver account.
Citibank Online
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Information & Forms
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Important Information
Terms & Conditions apply and are available on request.
1. This offer is only applicable on the first Citibank Online Saver that you open. Interest rate may change at any time including during the first 4 months.
Citibank Online Saver is issued by Citigroup Pty Limited ABN 88 004 325 080, AFSL 238098, Australian credit licence 238098. Any advice is general advice only and 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 circumstances. Further information and our dispute resolution process is available at www.citibank.com.au or by phone on 1300 137 931.