Citi Online Saver

1.70% p.a.(for $0 and over)

3.05% p.a. (for $0 to $500,000)

 

Citi Online Saver Review

Rates and fees information correct as at 14 November 2018.

Review published: 9 August 2012

What's hot:

  • No account fees and no minimum balance required

  • Special intro rate of 3.05%

What's not:

  • Interest rate drops to 1.70% at the end of the intro period

Mozo snapshot:

The Citi Online Saver offers exactly what we've come to expect from an online savings account. Great interest rates, easy to setup with no account fees and no minimum balance requirements. This is the exact treatment your hard earned savings deserve.

Key features:

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.

Any catches?

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.

How are Citi savings accounts rated by the Mozo community?

Product Type Overall Rating Price Features Service Convenience Trust
6.5

Based on 140
Citi savings accounts reviews

7.1 6.1 6.0 5.6 6.5

Read Citi savings account reviews by the Mozo community

Latest reviews of Citi Online Saver

Citi

Citi Online Saver savings account review

Overall rating   7 / 10

Competitive and global

Great for travel as it keeps prices low, not so good for accessibility.

Full review

Great for travel as it keeps prices low, not so good for accessibility.

    Price   7 / 10

    Features   7 / 10

    Customer service   4 / 10

    Convenience   4 / 10

    Trust   10 / 10

Less

Nicholas, New South Wales, reviewed over 2 years ago

Citi

Citi Online Saver savings account review

Overall rating   10 / 10

All in all great bank.

Positive - Great customer service, always on the ball, no fees for minimum deposit. Negative - no actual branch

Full review

Positive - Great customer service, always on the ball, no fees for minimum deposit. Negative - no actual branch

    Price   10 / 10

    Features   10 / 10

    Customer service   10 / 10

    Convenience   4 / 10

    Trust   10 / 10

Less

Shantelle, Victoria, reviewed almost 3 years ago

Citi

Citi Online Saver savings account review

Overall rating   7 / 10

Great interest rate - difficult to communicate

Great security but it's so hard to set up an account and difficult to transact.

Full review

Great security but it's so hard to set up an account and difficult to transact.

    Price   8 / 10

    Features   6 / 10

    Customer service   6 / 10

    Convenience   2 / 10

    Trust   6 / 10

Less

Marilyn, Victoria, reviewed about 3 years ago

Citi

Citi Online Saver savings account review

Overall rating   9 / 10

Free and pays interest

It's good and no issues.

Full review

It's good and no issues.

    Price   10 / 10

    Features   8 / 10

    Customer service   10 / 10

    Convenience   9 / 10

    Trust   9 / 10

Less

Ravi, Victoria, reviewed over 3 years ago

Citi

Citi Online Saver savings account review

Overall rating   10 / 10

Safe

Easy access.

Full review

Easy access.

    Price   10 / 10

    Features   10 / 10

    Customer service   10 / 10

    Convenience   10 / 10

    Trust   10 / 10

Less

Sandeep, Queensland, reviewed over 3 years ago

Mozo may receive a payment from financial providers listed on the site. Customer reviews are in no way affected by any commercial relationships Mozo has with providers. Reviewers may receive a voucher from Mozo in exchange for their review. Vouchers are given to all reviewers who meet our review guidelines regardless of the sentiment of their reviews.

Rates

  • Balances from $0: 1.70% p.a.

  • Balances from $0: 3.05% p.a.
    Balances from $500,000: 1.70% p.a.

  • Bonus rate for the first 4 months from account opening

Fees

  • $0.00

  • none

  • Unlimited transactions from phone and internet

  • none

  • none

  • none

  • none

  • none

  • none

  • $0.00

  • $0.00

  • none

Other financial bits

  • $0.00

  • $0.00

  • Monthly

Features

  • no

  • none

  • no

  • no

  • no

  • no

  • no

  • yes

  • yes

  • no

  • no

  • Must link to a transaction account.

  • none

  • none

About Citi

Citi is the consumer banking arm of Citigroup, one of the world's biggest financial institutions. Citi was the first foreign bank to be granted a banking licence to operate in Australia. Citi is now the largest international bank in the country, serving millions of Australians with credit cards, mortgages, deposit accounts, charge cards and more.

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