The Citi Wealth First Account helps you grow your wealth by rewarding you for your banking and wealth relationship. Boost your savings with bonus interest on your usual banking activities, as well as when you insure and invest towards your wealth goals.
You start with 0.01% p.a. base interest.
Tap on to find out more
The bonus interest rate is an additional rate on top of base interest rate.
Bonus interest is determined based on new qualifying transactions performed on or after account opening, as well as your banking relationship with Citi.
Start by selecting your banking relationship and discover how you're rewarded based on it.
Move the slider for each category and watch how quickly your interest can add up.
Account Average Daily Balance ($) | Base Interest Rate* (% p.a.)0.01% | Base Interest in a YearS$5 |
---|---|---|
Monthly spend on
Citibank Debit Card and above |
Bonus Interest Rate (% p.a.)0.00%
|
Bonus Interest in a YearS$0
|
New lump sum
investment amount and above |
0.00%
|
S$0
|
New single premium
insurance amount and above |
0.00%
|
S$0
|
New home loan
amount and above |
0.00%
|
S$0
|
Incremental monthly
savings amount |
0.00%
|
S$0
|
*Base interest 0.01% p.a. is calculated on the full balance in the account with no cap.
^ The bonus interest rates are applied to applicable balances as illustrated above. For bonus interest determination, you must maintain minimum Total Relationship Balance of S$250,000 for Citigold, and S$1,500,000 for Citigold Private Client. Otherwise, your Qualifying Average Daily Balance and Qualifying Incremental Balance shall be the first S$50,000 in your account.
You will earn bonus interest on the Citi Wealth First Account if you have:
The bonus interest applicable for each Qualifying Transaction Category is as follows:
Yes. The applicable bonus interest of 1.5% p.a. (Spend) + 1.5% p.a. (Invest) will be applied to your Citi Wealth First Account average daily balance (subject to cap) based on the 2 qualifying transactions you have made.
You will need to purchase a new single lump sum investment of at least S$50,000, or multiple lump sum investments aggregating to at least S$50,000 in a month. Investment transaction must be settled within the calendar month.
Investment Transaction refers only to the purchase of Investment Fund, Structured Notes, and/or Bonds, and excludes:
Investment purchases are only available to persons aged 21 years old and above.
You will need to purchase a single premium insurance of at least S$50,000, or multiple single premium insurance policies with aggregate premiums of at least S$50,000 in a month. Insurance policies purchased or paid for using Central Provident Fund Savings or Supplementary Retirement Schemes are excluded.
To remain eligible for bonus interest for Insurance Transactions, you must not cancel your insurance policy during the free-look period.
Bonus interest is calculated monthly and is based on your average daily balance. The applicable average daily balance (“ADB”) for the computation of bonus interest shall be derived from:
You shall be paid bonus interest in the month immediately following the Posting Date, Settlement Date, Inception Date, Disbursement Date and Savings Date, as the case may be.
You are entitled to bonus interest at the applicable bonus interest Rate for a 12-month period commencing from the Settlement Date, Inception Date and Disbursement Date, as the case may be.
For Spend Transactions, you are entitled to bonus interest only for the month in which you incur the minimum retail spend.
For Save Transactions, you are entitled to bonus interest for the month in which you increase the average daily balance from the previous month by the minimum amount.
You shall be entitled to bonus interest at the applicable bonus interest rate on the average daily balance and/or incremental balance in your Citi Wealth First Account, in accordance with the table below:-
Balance Tier | Citibanking | Citi Priority | Citigold | Citigold Private Client |
---|---|---|---|---|
Average Daily Balance; Incremental Balance | First S$50,000 | First S$50,000 | First S$100,000 | First S$150,000 |
For the purposes of determining your bonus interest entitlement under the Citi Wealth First Account, you must maintain the following minimum Total Relationship Balance (“TRB”):
(i) S$250,000 for Citigold; and
(ii) S$1,500,000 for Citigold Private Client.
If you do not fulfill the minimum TRB, your Qualifying average daily balance and Qualifying Incremental Balance shall be the first S$50,000 in your Citi Wealth First Account.
Total Relationship Balance is the sum of:
(i) the average daily balance of your checking, savings and deposit accounts,
(ii) the average daily value of your investments, and
(iii) all outstanding amount(s) payable on your secured loan accounts as of the date of your last statement.
Citibank's determination of 'TRB' will be conclusive.
For illustration, if you are a Citigold customer with TRB of S$260,000, you shall earn bonus interest on the first S$100,000 average daily balance and incremental balance. If you are a Citigold customer with TRB of S$200,000, you shall earn bonus interest on the first S$50,000 average daily balance and incremental balance.
Yes, you can. However, if you are the primary accountholder of more than one Citi Wealth First Account, you will be paid Spend, Invest, Protect, and Borrow bonus interest only for the first Citi Wealth First Account opened.
If you purchase a new eligible investment or insurance plan or take up a new eligible home loan, the bonus interest payout for investment, insurance, or home loan (as the case may be) will restart from Month 1, and you will enjoy bonus interest for a period of 12 months.