International Personal Bank

Time Deposits

Earn attractive interests with a choice of major currencies

Everything you need to know

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Access to both local and foreign currencies

Attractive returns on time deposits from major currencies like AUD, CAD, CHF, EUR, GBP, HKD, JPY, NZD, CNH, SGD & USD

Attractive Interest Rates

Enjoy attractive interest rates and choose to opt for automatic rollover to ensure your deposits earn interest continuously

Short and Long Flexible tenures options

Choice of 1 week, 1, 2, 3, 6, 9, 12 months*

*Different currencies can have different available tenures

Online Banking / Phone Banking

View and place your time deposit via Mobile and Online or Speak to your Relationship Manager to find out more

Eligibility Criteria

• Individuals ages 18 years old and above

• Corresponding checking and savings account must be opened

Minimum Initial Deposit

• USD50,000 (or equivalent)

• Note: No minimum deposit required for overnight deposits^

^Please be reminded that the interest rate for Overnight deposits denominated in Singapore dollar and foreign currencies has been at 0% p.a. interest for all balances until further notice.

For new Citibank International Personal Bank customers, click here.
For existing Citibank International Personal Bank customers, simply contact your Relationship Manager or our 24-hour CitiPhone Banking at (65) 6224 5757.

There is no difference between time deposit and fixed deposit. Both the terms are used interchangeably.

Our Time deposit account offers attractive interest rates. These accounts come with flexible tenures to suit your individual needs for funds.

Yes, you may pre-terminate the time deposit before the maturity date. However, you will not earn any interest and an administrative fee may be imposed for termination of time deposits prior to maturity date. You may review the applicable fee (if any) on Citibank Online prior to pre-termination.

The advantages of time deposits are as follows:

They are not dependent on fluctuating market trends as the rates are fixed at the time of booking
They are low risk
They are easy to maintain
They have flexible tenures

Fixed deposits offer a guaranteed interest rate. You can save your money in a fixed deposit account and earn interest on it. So, when it matures, you will receive a bigger sum than what you invested.

The interest rates for time deposit accounts are fixed at the time when you open the account. They are not dependent on market fluctuations.

Yes, other than opening your fixed deposit account in USD, you can also open a fixed deposit account in other foreign currencies.

For partial withdrawal, the minimum amount that can be withdrawn is US$5,000 (or equivalent), with at least US$50,000 (or equivalent) to be maintained in your account at all times. For pre-termination/early withdrawal of Time Deposit , the Bank reserves the right to charge a penalty fee, which will be deducted from the withdrawn amount.

Please contact your Relationship Manager to find out more about our latest promotions.

Foreign Currency Transactions
Foreign currency transactions are subject to rate fluctuations, which may provide both opportunities and risks. You may experience a loss when you convert foreign currency back to your home currency. Exchange controls may be applicable from time to time to certain foreign currencies. You should therefore determine whether any foreign currency transaction is suitable for you in the light of your investment objectives, your financial means and your risk profile. Foreign currency investments are not insured by the Federal Deposit Insurance Corporation.

Deposit Insurance Scheme
Singapore dollar deposits of non-bank depositors are insured by the Singapore Deposit Insurance Corporation, for up to S$100,000 in aggregate per depositor per Scheme member by law. Foreign currency deposits, dual currency investments, structured deposits and other investment products are not insured. For more information, please visit www.sdic.org.sg.

The promotions, products and services mentioned in this document are not offered to individuals resident in the European Union, European Economic Area, Switzerland, Guernsey, Jersey, Monaco, San Marino, Vatican, The Isle of Man, the UK, Brazil, New Zealand, Jamaica, Ecuador or Sri Lanka. This document is not, and should not be construed as, an offer, invitation or solicitation to buy or sell any of the products and services mentioned herein to such individuals.

The contents of this website does not constitute the distribution of any information or the making of any offer or solicitation by anyone in any jurisdiction in which such distribution or offer is not authorised or to any person to whom it is unlawful to distribute such a document or make such an offer or solicitation.

Citibank full disclaimers, terms and conditions apply to individual products and banking services.