Best rate (up to 1 year)
0.75% p.a.3 months
Minimum deposit
$10,000.00
Interest paid to another bank?
no
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Mozo editorial review Citi Term Deposit

Last updated: 27 January 2021.

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What's hot
  • Rate of 0.75% for 3, 6, 9 and 12 month terms ($10,000 minimum deposit)
  • Great for stashing large lump sums of savings
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. Whether it's an inheritance, life insurance payout or the profits from a property sale, savers with a  deposit of $10,000 to $2,000,000 can earn the Citi Term Deposit special rate of 0.75% for 3, 6, 9 or 12 month terms to help grow that stash.


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Key features

Sold your house or came into an inheritance and need a place to stash your cash? Meet the Citi Term Deposit. 

Citi offer savers a wide variety of terms lengths to stash away their funds, from as little as 1 month all the away up to 5 years. But at the moment, savers with a balance between $10,000 and $2,000,000 will be able to earn up to 0.75% for a 3, 6, 9 or 12 month term  

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.



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Who is it good for

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


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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 24 June 2021. 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
  • 0.15% p.a. ($10,000 to $2,000,000)

  • 0.75% p.a. ($10,000 to $249,999)

  • 0.75% p.a. ($10,000 to $249,999)

  • 0.75% p.a. ($10,000 to $2,000,000)

  • 0.75% p.a. ($10,000 to $2,000,000)

  • 0.50% p.a. ($10,000 to $2,000,000)

  • 0.50% p.a. ($10,000 to $2,000,000)

  • 0.50% p.a. ($10,000 to $2,000,000)

  • 0.50% p.a. ($10,000 to $2,000,000)

Other financial bits
  • $10,000.00

  • $2,000,000.00

Features
  • 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

How are Citi term deposits rated by the Mozo community?

Overall
6.7/10
Price
6.5/10
Features
6.0/10
Customer service
7.2/10
Convenience
5.9/10
Trust
7.2/10

Latest reviews of Citi Term Deposit

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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.

See Citi term deposits