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.
Citi Wealth First Account
Your wealth journey with us is now more fulfilling. Earn additional bonus interest up to your first $S500,000* as you spend, invest, insure, borrow and save.
*T&Cs apply. First S$500,000 is only applicable to Citigold Private Client customers.
Insured up to S$100,000 by SDIC.
Revision to Citi Wealth First Account
With effect from 1 September 2024, the bonus qualifying average daily balance and increment balance for the Citi Wealth First Account will be increased to S$250,000 and S$500,000 for the Citigold and Citigold Private Client Customers respectively.
| Balance Tier | Citibanking | Citi Priority | Citigold (REVISED) |
Citigold Private Client (REVISED) |
|---|---|---|---|---|
| Average Daily Balance; Incremental Balance |
First S$50,000 | First S$50,000 | First S$250,000 |
First S$500,000 |
Savings made even more rewarding with up to 7.51% p.a. interest
Every action earns you bonus interest
You start with 0.01% p.a. base interest.
Spend and earn
1.5% p.a.
Invest and earn
1.5% p.a.
Insure and earn
1.5% p.a.
Borrow and earn
1.5% p.a.
Save and earn
1.5% p.a.
Earn up to
7.51% p.a.
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.
Calculate your bonus interest
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.
Eligibility Criteria to apply for a Citi Wealth First Account
Eligibility
Individuals aged 18 years old and above
Other Benefits
| Mobile and Online Banking | ✔ | Instant payments & transfers and real-time balance updates. |
| Citibank Debit Mastercard® | ✔ | Free Citibank Debit Card Access SGD and multiple foreign currencies with zero conversion charges and transaction processing fees |
| Complimentary ATM withdrawals | ✔ | Enjoy zero foreign exchange conversion fee and administrative charge at all Citibank ATMs. |
| Phone Banking | ✔ | CitiPhone Banking is available. Automated Voice Response feature will be available next year. |
Frequently Asked Questions on Citi Wealth First Account
You will earn bonus interest on the Citi Wealth First Account if you have:
- A new Citibank debit retail spend of at least S$250 per month or multiple retail spends amounting to at least S$250 in a month or;
- A new single lump sum investment (investment funds, structured notes and/or bonds) of at least S$50,000, multiple lump sum investments aggregating to at least S$50,000 in a month or;
- A new insurance policy with a single premium of at least S$50,000, multiple insurance policies with aggregated single premiums to at least S$50,000 in a month or;
- A new home loan (excluding interest offset home loans) of at least S$500,000 or;
- An increase in your account’s average daily balance from previous month’s average daily balance by at least S$3,000
The bonus interest applicable for each Qualifying Transaction Category is as follows:
- Spend - 1.5% p.a.;
- Invest - 1.5% p.a. for 12 months;
- Protect - 1.5% p.a. for 12 months;
- Borrow - 1.5% p.a. for 12 months;
- Save - 1.5% p.a.
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:
- Money market funds;
- Investments using Central Provident Fund Savings or Supplementary Retirement Schemes;
- Investment transactions that are back valued to such date that is beyond the current calendar month;
- Securities trading;
- Currency investments (Premium Account, Leveraged Trading Account, Citibank Currency Trading Account); and
- Gold Account.
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:
- for Spend Transactions, the daily balance in your account for the calendar month in which the minimum debit card spend is incurred (“Posting Date”);
- for Investment Transactions, the daily balance in your account for the 12-month period commencing from the settlement date (“Settlement Date”);
- for Insurance Transactions, the daily balance in your account for the 12-month period commencing from the policy inception date (“Inception Date”);
- for Home Loan Transactions, the daily balance in your account for the 12-month period commencing from the loan disbursement date (“Disbursement Date”); and
- for Save Transactions, the difference between average daily balance for the current month and average daily balance for previous month (“Incremental Balance”), when the Save criteria is met (“Savings Date”).
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$250,000 | First S$500,000 |
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$250,000 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.
Click here to view Citi Wealth First Account Terms and Conditions.
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 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.
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 applicable to relevant product(s) and/or service(s).
Citibank full disclaimers, terms and conditions apply to individual products and banking.
This advertisement has not been reviewed by the Monetary Authority of Singapore.
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