As of 20 May 2023 we will no longer be accepting new applications for Citibank Online Saver, Citibank Plus Account and the Cash Investment Account. We are no longer accepting applications for Citibank Term Deposits.
National Australia Bank Limited (ABN 12 004 044 937, AFSL and Australian Credit Licence 230686) (“NAB”), is the issuer of Citi branded financial products. NAB has acquired the business relating to these products from Citigroup Pty Limited (ABN 88 004 325 080, AFSL and Australian credit licence 238098) (“Citi”) and has appointed Citi to provide transitional services.
NAB is an Authorised Deposit-taking Institution (“ADI”). Under the Australian Government’s Financial Claims Scheme your AUD deposits with NAB may be guaranteed up to $250,000 per account holder per ADI. Citi holds no deposits. The Scheme does not apply to your non-AUD deposits.
“Citi”, “Citibank”, “Citigroup”, the Arc design and all similar trade marks and derivations thereof are used temporarily under licence by NAB from Citigroup Inc. and related group entities.
1. Interest rate is subject to change without notice. Interest rate only available on term deposits under AU$2,000,000. 31 day notice period applies to term deposits. 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.
2. 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.
3. To be eligible for our investment products you must be resident in Australia and you must qualify as a 'wholesale client' for the purposes of the Corporations Act 2001. This means you have a certificate issued by a qualified accountant within the last two years stating you have a gross income for each of the last two financial years of at least $250,000 or you have net assets of at least $2.5 million; OR are classified as a professional investor; OR are investing $500,000 or more in a single investment.
All information contained in this document is general in nature constitutes factual information or general advice only. It was prepared without taking into account your objectives, financial situation, or needs. Before acting on the information contained in this document you should consider if it is appropriate for your particular circumstances. You should also obtain and consider the relevant product disclosure statements and terms and conditions before you make a decision about any financial product, and consider if it is suitable for your objectives, financial situation, or needs. Investors are advised to obtain independent legal, financial, and taxation advice prior to investing. Investments are not deposits or other obligations of, guaranteed, or insured by NAB, or any of its 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. For a full explanation of the terms and conditions, as well as risks of investing, please ensure that you fully read and understand the relevant product disclosure statements prior to investing.