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Time Deposits
Everything you need to know
- Promotions
- S$ Time Deposit
- FCY$ Time Deposit
- How to Apply
- FAQs
SGD Time Deposit Promotion1
| Currency | New Funds Deposit Amount | 3 Months (p.a.) | 6 Months (p.a.) | 12 Months (p.a.) |
|---|---|---|---|---|
| SGD | S$50,000 to S$3 million | 2.40% | 2.40% | - |
SGD Time Deposit Investment Bundle Promotion2
Exclusive SGD Time Deposit Investment Bundle Promotion is yours to enjoy.
| Currency | Investment Amount | Investment Sales Charge | 2-Months (p.a.) |
|---|---|---|---|
| SGD | S$50,000 and above | 1% and above | 4% |
Foreign Currency Time Deposit Investment Bundle Promotion3
Exclusive Foreign Currency Time Deposit Investment Bundle Promotion is yours to enjoy.
| Currency | 2 months (p.a.) |
|---|---|
| USD | 5.5% |
What is Time Deposit Account?
A time deposit account is an account that has a fixed term and interest rate. You can open such an account to enhance your savings, as it lets you earn a fixed interest rate on your savings based on the tenor you have selected. You can withdraw your funds at the completion of the term period, or you can choose to renew the time deposit. Citibank offers different types of fixed deposit accounts that you can select according to your needs.
Short and Long Flexible tenures options
Choice of overnight, 1 week, 1,2,3,6,9,12,18 and 36 months
Competitive Interest Rates
Enjoy competitive and choose to opt for automatic rollover to ensure your deposits earn interest continuously
Online Banking / Phone Banking
View and place your time deposit via Citibank Online, Citi Mobile® App or Phone banking services.
Checking / savings account
A corresponding checking and savings account must be opened
Board Rates of Singapore Dollar Time Deposits
| Placement Amount | 1 Week | 2 Weeks | 1 Month | 2 Month | 3 Month | 6 Month | 12 Month | 24 Month | 36 Month |
| SGD10,000 - SGD50,000 | 1.00% | 0.75% | 2.50% | 1.50% | 2.25% | 2.25% | 2.00% | 0.10% | 0.10% |
| SGD50,000 - SGD100,000 | 1.00% | 0.75% | 2.50% | 1.50% | 2.25% | 2.25% | 2.00% | 0.10% | 0.10% |
| SGD100,000 - SGD250,000 | 1.00% | 0.75% | 2.50% | 1.50% | 2.25% | 2.25% | 2.00% | 0.10% | 0.10% |
| SGD200,000 - SGD500,00 | 1.00% | 0.75% | 2.50% | 1.50% | 2.25% | 2.25% | 2.00% | 0.10% | 0.10% |
| SGD500,000 - SGD750,000 | 1.00% | 0.75% | 2.50% | 1.50% | 2.25% | 2.25% | 2.00% | 0.10% | 0.10% |
| SGD750,000 - SGD1,000,000 | 1.00% | 0.75% | 2.50% | 1.50% | 2.25% | 2.25% | 2.00% | 0.10% | 0.10% |
| SGD1,000,000 - SGD3,000,000 | 1.00% | 0.75% | 2.50% | 1.50% | 2.25% | 2.25% | 2.00% | 0.10% | 0.10% |
What is Time Deposit Account?
A time deposit account is an account that has a fixed term and interest rate. You can open such an account to enhance your savings, as it lets you earn a fixed interest rate on your savings based on the tenor you have selected. You can withdraw your funds at the completion of the term period, or you can choose to renew the time deposit. Citibank offers different types of fixed deposit accounts that you can select according to your needs.
Access to foreign currencies
Attractive retruns on time deposits from currencies like AUD, CAD, CHF, EUR, GBP, HKD, JPY, NZD, CNH, USD and ZAR
Competitive Interest Rates
Enjoy competitive and choose to opt for automatic rollover to ensure your deposits earn interest continuously
Short and Long Flexible tenures options
Choice of overnight, 1 week, 1,2,3,6 and 12 months
Online Banking / Phone Banking
View and place your time deposit via Citibank Online, Citi Mobile® App or Phone banking services.
 Eligibility Criteria |
• You must have an existing banking account with us. |
 Minimum Initial Deposit |
• SGD10,000 (or equivalent) |
If you have a Citibank current/savings account, place your Time Deposit online via the Citi Mobile® App:
For existing Citibank or Citi Priority customer, please contact our CitiPhone hotline at (65) 6225 5225, from 8am to 8pm daily on how you can enjoy these attractive interest rates.
If you do not have a Citibank current/savings account, apply for the Citi Interest Booster or Citi Wealth First Account:
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.
Citi Wealth First Account
Your wealth journey with us is now more fulfilling. Earn additional bonus interest as you spend, invest, insure, borrow and save.
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, foreigners can open fixed deposits in Singapore if they have the following documents:
- Passport
- Address Proof
- Employment Pass/Dependent Pass/S Pass/Student Pass/Long-term visit pass
Yes, other than opening your fixed deposit account in USD, you can also open a fixed deposit account in other foreign currencies.
Rates quoted are subject to change without notice.
For customer of Citigold Private Client, click here for our Time Deposit Promotions.
For customer of Citigold, click here for our Time Deposit Promotions.
Contents on this webpage are for general information only, and should not be relied upon as advice. The information provided does not have regard to any individual’s investment objectives, financial situation or particular needs. This webpage and its contents are not an offer nor solicitation to purchase, nor endorsement or recommendation of, any products or services by Citibank Singapore Limited, its related entities and their respective directors, agents and employees (together "Citigroup").
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.
1Click here for Citibank SGD Time Deposit Promotion Terms and Conditions
2Click here for SGD Time Deposit Investment Bundle Promotion Terms and Conditions
3Click here for USD Time Deposit Investment Bundle Promotion Terms and Conditions
This advertisement has not been reviewed by the Monetary Authority of Singapore.
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.
An administrative fee or withdrawal charge may be imposed for termination of time deposits prior to maturity date. No pre-termination of the time deposit is allowed for CNH and ZAR currency.
Foreign currency investments 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. You should therefore determine whether any foreign currency investment is suitable for you in light of your investment objectives, financial means and risk profile.
Important Investment Information
Investment products are not bank deposits or obligations of or guaranteed by Citibank Singapore Limited, Citigroup, Inc or any of their affiliates or subsidiaries unless specifically stated. Investment products are subject to investment risks, including the possible loss of the principal amount invested. Past performance is not indicative of future results, prices can go up or down. Investors investing in investment and/or treasury products denominated in non-local currency should be aware of the risks of exchange rate fluctuations that may cause a loss of principal when foreign currency is converted back to the investors' home currency. The information on this webpage does not constitute the distribution of any information or the making of any offer of 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 document or to make any offer or solicitation.
Interested investors should seek the advice of their financial advisors, as appropriate. In the event that you choose not to seek advice from a financial advisor, you should carefully consider whether the investment products are suitable for you in light of your investment objectives, financial means and risk profile.
Investment products are not deposits, are not subject to the provision of the Deposit Insurance Act and Policy Owners' Protection Schemes Act of Singapore and are not eligible for Deposit Insurance Coverage under the Deposit Insurance Scheme.
Investment products are not available to U.S. persons and may not be available in all jurisdictions.
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 services.
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