Citi Term Deposit

The details shown below are for the Term Deposit

The details shown below are for the Term Deposit Special

Choose the version of this loan that suits you best

  • Term Deposit

  • Term Deposit Special

1.86% p.a.1 month

no

Citi Term Deposit

1.86% p.a.1 month

no

2.70% p.a.6 months

no

Citi Term Deposit

2.70% p.a.6 months

no

Mozo Review   Citi Term Deposit Review

Last updated: 15 March 2019.

What's hot:
  • Special rate of 2.70% ($100,000 minimum deposit)

  • 1.87% rate for up to 3 months ($10,000 minimum deposit)

What's not:
  • 31 days notice for withdrawal

Mozo snapshot:

If you’ve got a decent chunk of change you’re looking to stash away for a short period of time, then look no further than the Citi Term Deposit. Aussie savers with a minimum deposit of $10,000 will earn 1.87% in interest for up to 3 months, while those with a more hefty deposit of $100,000 will earn the Citi Term Deposit special rate of 2.70% for 3 and 6 month terms.


Key features:

Sold your car or house and need a place to stash your cash? Meet the Citi Term Deposit. If you meet the minimum deposit of $10,000, you’ll earn 1.87% interest for up to 3 months or 1.81% for 6 months. And if you’ve got a deposit of $100,000, you’ll qualify for the Citi Term Deposit special rate of 2.70% for up to 3 and 6 months.

However, there are few things to keep in mind if you are thinking of opening a Citi Term Deposit. This term deposit features automatic rollover, so you’ll need to let Citi know if you plan to withdraw the funds before the rollover date. And if you’re thinking of making a withdrawal before the maturity date, you will need to give Citi 31 days notice.


Who it's good for:

The Citi Term Deposit could be a good choice for Aussies who have recently fallen into some money (like selling their house or car) and need a place to store their funds temporarily.


Any catches?

If for any reason you need to make a withdrawal before the maturity date, you will need to let Citi know 31 days in advance, this could cause an inconvenience if customers need access to the funds quickly.

Details

Rates and fees information correct as at 20 March 2019. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates
  • 1.86% p.a. ($10,000+)

  • 1.85% p.a. ($10,000+)

  • 1.78% p.a. ($10,000+)

  • 1.73% p.a. ($10,000+)

  • 1.70% p.a. ($10,000+)

  • 1.63% p.a. ($10,000+)

  • 1.65% p.a. ($10,000+)

  • 1.70% p.a. ($10,000+)

  • 1.77% p.a. ($10,000+)

Other financial bits
  • $10,000.00

  • none

Features
  • direct credit

  • no

  • yes

  • 31 days notice required if customers want to withdraw their funds before the maturity date. Rates shown only available for new to bank funds.

  • none

*Different interest rates apply to different amounts or different interest payment frequencies.

Details

Rates and fees information correct as at 20 March 2019. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates
  • 2.70% p.a. ($100,000 to $20,000,000)

  • 2.70% p.a. ($100,000 to $2,000,000)

Other financial bits
  • $100,000.00

  • $20,000,000.00

Features
  • direct credit

  • no

  • yes

  • 31 days notice required if customers want to withdraw their funds before the maturity date. Rates shown only available for new to bank funds.

  • none

*Different interest rates apply to different amounts or different interest payment frequencies.

Customer Reviews

This product is not currently reviewed.

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