Tap and Save Account

Enjoy 1% cash rebate on eligible Spend using SMRT Debit Mastercard

Important Notice:

Revision to the Citibank SMRT Debit Mastercard®

Effective 1 July 2025, there will be revisions made to the cash rebate awarded on the Citibank SMRT Debit Mastercard®. Please refer to the revised Terms and Conditions for full details at www.citibank.com.sg/SMRTDebit(opens in a new tab)

You may choose to terminate this card without any penalty or charges and apply for other deposit account and debit card, should you choose not to hold the Citibank SMRT Debit Mastercard®.

Everything you need to know

About
How It Works
How to Apply
FAQs

What is Tap & Save Account

A Tap & Save Account is a savings account that lets you enjoy 1% Cash Rebate when you use it for your eligible daily spends. It also offers a higher interest of up to 0.13%* p.a. interest on your savings.

Interest Savings

Earn interest on your savings of up to 0.13%* p.a. interest

Citibank SMRT Debit Mastercard®

Enjoy 1% cash rebate** on daily spends with no minimum amount

Checking facilities

Complimentary first checkbook upon account opening will be issued upon request.

Access your Account

Log on to the Citi Mobile® App, Citibank Online or call us via Phone Banking

Make transfers easily

Free Citibank Global Transfers

How Interest Steps up on Tap & Save Account:

You start with a base rate of 0.01% p.a.* This steps up to 0.13% p.a.* over a 12-month period as your balance increases in consecutive months. Simply bank your monthly salary into your Tap and Save Account for it to happen.

Interest-Earning Components on Tap & Save Account:

Increase your minimum balance each month and you'll earn Step-Up Interest.

Importance of Maintaining your balance on Tap & Save Account

In the event that your current month's minimum balance falls below the previous month, your step up counter will be reset to 9, 6, 0 depending on the minimum balance in your account.

Upon attaining the maximum of 0.13% p.a.* (after 12 counters of step up), maintain a minimum balance of S$20,000 OR ensure that your current month's minimum balance is greater than the previous month's minimum balance to continue to enjoy the superior interest of 0.13% p.a*.

Comparison between Tap & Save Account and Savings Account

How Tap & Save Account compares to an ordinary savings account

Let's assume you credit a salary of S$3,000 to your Tap & Save Account, spend S$1,200 and save the remaining S$1,800 in the account every month. Over a period of 24 months, you would have earned interest of S$56.74 - S$3.39 more than what an ordinary savings account has to offer!

*Computation is based on illustration assumption only.

Eligibility Criteria	• Aged 18 and above
Monthly Service Fee and Minimum Balance	• You will need to maintain a Total Relationship Balance (TRB) of minimum S$15,000 average per month for Citibanking, Citi Priority, Citigold and Citigold Private Client customers. Failing which, the account service fee of S$15 will be imposed on this account, respective to the banking relationship.

New to Citi? You might be interested in:

Don’t have any existing Citibank current/savings account yet? Be rewarded when you apply for:

Citi Interest Booster Account

Earn interest when you spend, save and invest with us. Plus, get up to S$150^ cash reward when you join Citi Plus now! ^T&Cs apply.

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Citi Wealth First Account

Your wealth journey with us is now more fulfilling. Earn up to 7.51%* p.a. interest as you spend, invest, insure, borrow and save. *T&Cs apply.

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Yes, you can apply for the account. However, your existing Citibanking Debit Card or ATM Card will be terminated upon the use of your new Citibank SMRT Debit Card at any ATM or debit point of sale. Your Citibank Tap and Save Account will become your new primary account for ATM cash withdrawal and debit purchases. You can still continue to maintain your existing deposit accounts with Citibank and access these accounts from your new Citibank SMRT Debit Card.

The revised account service fee and minimum total relationship balance requirements will be effective from 1st January 2017 for Citi Priority, Citigold and Citigold Private Client and will be effective from 1st February 2017 for Citibanking clients.

You will need to maintain a Total Relationship Balance (TRB) of minimum S$15,000 average per month for Citibanking, Citi Priority, Citigold and Citigold Private Client customers. Failing which, the account service fee of S$15 will be imposed on this account, respective to the banking relationship.

'Total Relationship Balance' is the sum of:

The average daily balance of your checking, savings and deposit accounts,
The average daily value of your investments, and
All outstanding amount(s) payable on your secured loan accounts as of the date of your last statement.

Please note that if you choose to close the account within the first 6 months from account opening, a fee of S$50 will be applicable.

Base interest is the basic interest that you will earn, just like your normal savings account. With this account, we are giving you a base rate of 0.01% p.a.*
Step up interest is a unique component in addition to your base interest. This is innovatively designed to reward you more as you increase your savings with us.

If your minimum balance for the current month is less than that of the previous month, the table below will explain what your new step up counter is.

Existing Counter in Previous Month	Minimum Balance of Current Month	New Step-Up Counter in Current Month
0 to 5	S$0 and above	0
6	S$10,000 and above S$5,000 to < S$10,000 S$0 to < S$5,000	6 6 0
7	S$10,000 and above S$5,000 to < S$10,000 S$0 to < S$5,000	6 6 0
8	S$10,000 and above S$5,000 to < S$10,000 S$0 to < S$5,000	6 6 0
9	S$10,000 and above S$5,000 to < S$10,000 S$0 to < S$5,000	9 6 0
10	S$10,000 and above S$5,000 to < S$10,000 S$0 to < S$5,000	9 6 0
11	S$10,000 and above S$5,000 to < S$10,000 S$0 to < S$5,000	9 6 0
12	S$20,000 and above S$10,000 to < S$20,000 S$5,000 to < S$10,000 S$0 to < S$5,000	12 9 6 0

Your step up interest increases every month so long as you satisfy the qualifying criteria. For example, for the first time that your current month's minimum balance is greater than your last month's minimum balance, your step up interest rate will be at 0.01% p.a.*. Next month, this step up interest rate will grow to 0.02% p.a.*. As long as you qualify for step up interest, this will increase up to the maximum interest rate (rate cap). The rate is capped once the addition of your base rate and step up interest rate hits 0.13% p.a.* (i.e. 0.01% p.a.* + 0.12% p.a.* = 0.13% p.a.*).

Please contact our CitiPhone Banking at 6225 5225 between 8am to 8pm to report the loss of your Card immediately.

For existing cardholders of the Citibank SMRT Debit Mastercard with EZ Link stored value facility, Citibank will replace the card and also inform TransitLink to deactivate the EZ-Link function on your Card within 48 hours.

Your cash rebates are based on settlement date (date in which the merchant settles the transaction). The time difference between transaction date and settlement date varies but it should not be more than five (5) days. As a result of the time difference, some of your month-end transactions' cash rebates may be accorded to you in the following month instead.

^*All interest rates are subject to periodic review and may be revised at the bank's discretion. All rates are quoted on a per annum basis and are effective from 1 Aug 2011.

Base interest rate starts from 0.01% p.a., and is computed by taking the daily average balance at the end of the month. Your interest rate steps up each month, and up to a maximum of 0.13% p.a. over a 12-month period, if your minimum monthly balance is higher than the previous month's minimum balance. Step up interest is computed based on the preceding month's minimum balance. Both Base interest and Step up interest are credited on the last day of the month (excluding Sunday and Public Holidays).Interest rates are subject to periodic reviews and may be reviewed at the bank's discretion.

The rates shown here are indicative only and quoted in % p.a. The rates are subject to change without prior notice and are not to be taken as an offer to contract. Citibank shall not be responsible for any loss or damage arising directly or indirectly from the use of or reliance of the information provided therein.

^**Valid only for eligible spends. Cash rebates will be credited directly into your account at the following month. Please refer to the revised Terms and Conditions (effective 1 July 2025) for full details at www.citibank.com.sg/SMRTDebit(opens in a new tab)

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(opens in a new tab).

Disclaimer

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

Important Investment Information

Investment products are: Not Bank Deposits. Not Bank Guaranteed. May Lose Value. Not Insured By Any Government Agency. Investment products are not available to U.S. Persons.

Important Insurance Disclosures

The insurance plans are underwritten by AIA Singapore Private Limited (Reg. No. 201106386R) ("AIA") and distributed by Citibank Singapore Limited. All insurance applications are subject to AIA’s underwriting and acceptance. This is only general product information provided and is not a contract of insurance. The information provided must be read with, and is subject to, all the terms and conditions and exclusions contained in the policy contract. Protected up to specified limits by SDIC. Please refer to full disclosures(opens in a new tab) applicable to relevant product(s) and/or service(s).

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

This advertisement has not been reviewed by the Monetary Authority of Singapore.

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