Term Deposits
Existing customers
If you’re an existing customer you can continue to do the following with your existing term deposit at maturity by logging into your Citi Online account:
- Rollover the existing term deposit
- Make changes to the term and interest payment frequency at maturity
- Withdraw part of the balance of the existing term deposit (minimum balance applies)
- Make additional investment by adding to the original term deposit at maturity or during the grace period
- Close the existing term deposit
Please note that the rates and fees below, apply to customers with an existing Citibank Term Deposit only. We are no longer accepting applications for Citibank Term Deposits.
Rollover Term deposit rates
These tables show the fixed term rates for all balances from $10,000 (the minimum opening balance) through Citi Online.
| Fixed term | Interest rate |
| 1 month | 1.50% p.a. 1 |
| 3 months | 4.65% p.a. 1 |
| 6 months | 4.80% p.a. 1 |
| 9 months | 4.90% p.a. 1 |
| 1 year | 5.10% p.a. 1 |
| 2 years | 4.85% p.a. 1 |
| 3 years | 4.10% p.a. 1 |
| 4 years | 4.10% p.a. 1 |
| 5 years | 4.10% p.a. 1 |
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Important Information
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.
1Interest rate is subject to change without notice. Interest rate only available on term deposits under AUD$2,000,000. 31 day notice period applies to term deposits. Other terms and rates are available. 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.
2The Financial Claims Scheme guarantees AUD deposits up to a limit of $250,000 per person per Authorised Deposit-taking Institution (ADI). Your combined AUD deposits up to $250,000 with the National Australia Bank (NAB) Group (which includes Citi, NAB, 86 400 or U Bank) may be guaranteed by the Federal Government without charge. For more details see APRA's Financial Claims Scheme website.