Citibank Fixed Deposit Interest Rates in Singapore

Citibank Fixed Deposit Interest Rates in Singapore

Citibank has many branches in Singapore. It offers a variety of investment products for investors. Some of them are

  • Deposit Insurance Scheme

  • Singapore Dollar Term Deposit Scheme

  • Deposit in foreign currency

You can visit any Citibank branch in Singapore to apply for any of the products. Some of the locations where Citibank branches are available in Singapore are:

  • Citibank, Bedok SMRT Station, Instant Banking Centre, Singapore.

  • Citibank, No 3, Changi Business Park, Crescent Level 1, Singapore – 486026

  • Citibank, Parkway Parade Branch, 80, Marine Parade Road, Singapore – 449269

Singapore Dollars Term/Fixed Deposit Scheme:

Features and benefits:

  • The minimum deposit to be made for this account is S$10,000.

  • You can choose a flexible time period for your investments ie. from 1 to 36 months.

  • Time deposits are automatically renewed when the amount reaches the maturity date. If you do not want automatic deposit renewal, then you should contact the bank and communicate the same. If you do, you will receive the invested amount and accrued interest on your investments on the maturity date. If the term deposit is auto-revolving, then the prevailing interest rates will apply to the investments.

  • If you need an overdraft for your investments, you can get an overdraft for the amount of your deposit. You will get better interest rate for the same.

  • Deposits are insured under the deposit insurance scheme. You will also get the protection of the Singapore government for your investments “Singapore Government Guarantee” scheme.

Interest rates on term deposits vary frequently. You should visit the respective websites or the Citibank website or your nearest bank to get the latest interest rates.

Some of the latest interest rates (as on July 2010) for various term deposit schemes are listed below. You should get the latest interests from related websites.

Duration: 6 months

Amount: S$10,000 to S$50,000

Percentage: 0.25%

Duration: 12 months

Amount: S$10,000 to S$50,000

Percentage: 0.35%

Next step: How to find the best interest rates?

Get details on the various interest rates offered by Citibank. You can find them on related websites.

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