Citibank Term Deposit $10K
- Interest rate 12 months interest rate
- Up to 5.00% p.a.
- Minimum opening deposit
- $10,000
- Account keeping fee
- $0
- Maximum deposit
- $2,000,000
Summary
Choose a term length between 3 months and 5 years. You can currently earn 5% p.a. on a 12-month term.
Note: Following the sale of Citi's consumer bank to NAB, Citibank Term Deposits are no longer available to open, unless you have an existing Citi branded transaction account.
Pros
-
Competitive short-term rates
-
No set up or ongoing account fees
Cons
-
$10,000 minimum deposit is higher than others in the market
-
Not many term lengths available
Details
Key details
| Product Name | Citibank Term Deposit - Closed |
| 3 month interest rate | 4.65% |
| 6 month interest rate | 4.80% |
| 9 month interest rate | 4.90% |
| 12 month interest rate | 5.00% |
| 24 month interest rate | 4.50% |
| 36 month interest rate | 4.10% |
| 48 month interest rate | 4.10% |
| 60 month interest rate | 4.10% |
| Minimum Opening Deposit | $10,000 |
| Minimum age requirement | 18 |
Eligibility
| Minimum Age Requirement | 18 |
| Min Deposit | $10,000 |
| Available to children | Not available for children |
Must Read:
On 1 June 2022, Citi's consumer banking business was acquired by NAB. This means all bank accounts, savings accounts and term deposits are now provided by NAB, and any contract you may have with Citi is now with NAB. You can find all the details on Citi's website.
Compare other savings accounts
Compare alternatives
We currently don't have a partnership for that product, but we have other similar offers to choose from (how we picked these ):
Compare other products from Citi
Your reviews
Alison Finder
Editor
Hi there, looking for more information? Ask us a question.
You are about to post a question on finder.com.au:
- Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
- finder.com.au is a financial comparison and information service, not a bank or product provider
- We cannot provide you with personal advice or recommendations
- Your answer might already be waiting – check previous questions below to see if yours has already been asked
Finder only provides general advice and factual information, so consider your own circumstances, or seek advice before you decide to act on our content. By submitting a question, you're accepting our Terms Of Service and Finder Group Privacy & Cookies Policy.
This site is protected by reCAPTCHA and the Privacy Policy and Terms of Service apply.
Angus Kidman Finder
November 13, 2024
Hi Ernie, You can compare term deposit rates on our main guide, which shows rates from multiple providers and for different time periods.
robert
April 20, 2024
Can I open a term deposit account for my SMSF
Sarah Megginson Finder
September 20, 2024
Hi Robert,
Yes you can. An SMSF term deposit is designed to help build your savings specifically for retirement. They work the same way as normal term deposit accounts, however they’re designed specifically for self-managed super funds, not everyday individual customers. You can review some options here.
Show more Show less
Steve
July 09, 2023
What is the best deposit for $1000000, for between 1 -3 maybe 4 months?
Alison Banney Finder
July 11, 2023
Hi Steve, you can see the current Citi Term deposit rates for different terms on this page. Please note that Citi Term deposits can only be opened if you’re an existing customer of the bank with an existing Citi transaction account.
Jenny
June 23, 2023
I’m confused about the interest rate for an SMSF term deposit. Key details says 4.75% but further down key features says 4.65%. Which is correct?
Alison Banney Finder
June 27, 2023
Hi Jenny,
The rate you get depends on which term length you’re looking at. For example, a 12-month term currently offers 4.95%, while a 24-month term offers 4.65%.
mike
June 15, 2023
Does the $250,000 Government guarantee apply?
Sarah Megginson Finder
June 16, 2023
Hi Mike,
Yes, Citibank is an authorised deposit-taking institution, so savings accounts and term deposits are protected by the government guarantee.
Hope this helps!
Ernie
November 13, 2024
Nothing to Delicate ,just chasing Term Deposit rates long term, aside from what’s on offer at the moment which gives us income on the way and safety for our funds and future or a similar deposit that’s covered by the 250K GG with a reasonable interest rate!!