Sunday, April 7, 2013

Citibank InterestPlus Savings Account

Earn up to 3.5% p.a. more on your savings

InterestPlus Saving Account is the latest new savings product launched by Citibank this week.  This product is specifically targeted at the emerging affluent segment (i.e. customers with S$50,000 to S$200,000 investible assets). 

In addition to the base savings account interest, customers will receive bonus interest of up to 2.5% p.a. through unit trust investment, insurance purchase and credit card spend.  Customers will also enjoy an additional bonus interest of 1% p.a. if they take up a home loan with Citibank.

Here's how the 3.5% p.a. bonus interest add up:
  • Buy insurance with monthly S$250 regular premium or S$25,000 single premium - 1.2% p.a.
  • Invest in Unit Trusts (of 2.5% sales charge) with monthly S$250 regular savings plan or S$25,000 lump sum - 1.2% p.a.
  • Spend S$25 monthly using Citibank Credit Card - 0.1% p.a.
  • Take out a new home loan of at least S$250,000 - 1% p.a.

Bonus interest is paid:
  • Over the first 12 months for investment, insurance and home loan.
  • Every month for credit card spend.
  • Capped at the first S$50,000 in the account.
  • On top of the prevailing base savings account interest.

As part of the new account signup, till 30 April 2013, receive S$150 Takashimaya shopping vouchers when you fund S$50,000 for 3 consecutive months and complete a Personal Financial Report and Investment Risk Profile; or S$20 Takashimaya shopping vouchers when you fund S$10,000 within the first month from the account opening date.

Visit for full details, promotion, FAQs and terms & conditions.

No comments:

Post a Comment