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How to maximise the interest rate for Citibank InterestPlus Savings Account?

Base interest rate(%) p.a.

The base interest rate per annum for Citibank InterestPlus savings account depends on the account balance.

• The base interest is 0.01% for account balance below S$5,000
• The base interest is 0.05% for account balance between S$5,000 to S$30,000
• The base interest is 0.1% for account balance above S$30,000

Bonus Interest Rate(%) p.a

The bonus interest rate per annum for Citibank InterestPlus savings account comes with a few criteria:

• Monthly spend on credit card
• Salary Crediting
• Investment or insurance
• Home loan

Here are the minimum monthly spend required on credit card for bonus interest:

• Card spend S$25 and above using 1 or more Citibank cards for bonus interest of 0.1%

Investment or insurance

• Spends at least S$25,000 on a single insurance premium annually or S$250 monthly premium for 12 months to enjoy 1.2% bonus interest
• Invest at least S$250 per month in a regular savings plan for 12 months or spend at least S$250,000 on Unit Trust to enjoy 1.2% bonus interest

Home Loan

• Takes up a home loan of at least S$250,000 to enjoy 1% bonus interest.

Terms and fees for Citibank InterestPlus Savings Account

• Initial deposit: S$2,000
• Citizenship status: Singaporeans, PRs and foreigners
• Minimum age to open account: 21
• Minimum Average Daily Balance: S$5,000
• Fall below fee: S$10
• Early closure fee: None