The most attractive feature of the Citi Online Saver account is the introductory rate of 3.05% for the first 4 months, one of the higher rates in the market. After the intro period, the rate drops to 1.70% on all balances but this is one of the best ongoing rates in the market and reason the account picked up the Experts Choice Award. Interest is calculated daily and paid into your account monthly. The Citi Online Saver account won't cost you a cent to own or maintain - it has no transaction fees, no account fees, and no fees for phone or Internet banking.
Who it's good for:
Unlike many other online savings accounts, where you also need to have a transaction account with the same bank, the Citi Online Saver account can be linked to any external bank account. This makes the Citi Online Saver account ideal for anyone looking to earn great interest on their savings, at least for the first 4 months.
The Citi Online Saver has one of the top intro savings rates at 3.05% but after 4 months, it drops to a lower ongoing rate of 1.70%. So, if you want to always be getting the best return for your money you might need to switch accounts again.