Best rate (up to 1 year)
2.75% p.a.1 year
Minimum deposit
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Mozo editorial review Citi Term Deposit - last updated: 24 June 2022

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What's hot
  • Rate of 2.75% p.a. for 1-year 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 set 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 0.25% p.a. in interest for a 1 month term, or 2.75% p.a. for a 1 year term.

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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. At the moment, savers with a balance between $10,000 and $2,000,000 will be able to earn up to 0.25% p.a. in interest for a 1 month term, or up to 3.30% p.a. by opting for a 2 year 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.

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.


Rates and fees information correct as at 1 July 2022. 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.

0.25% p.a. ($10,000 to $2,000,000)

1.25% p.a. ($10,000 to $2,000,000)

1.90% p.a. ($10,000 to $2,000,000)

2.00% p.a. ($10,000 to $2,000,000)

2.75% p.a. ($10,000 to $2,000,000)

3.30% p.a. ($10,000 to $2,000,000)

3.30% p.a. ($10,000 to $2,000,000)

3.30% p.a. ($10,000 to $2,000,000)

3.30% p.a. ($10,000 to $2,000,000)

Other financial bits






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


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

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