Time Deposit

Flexible deposit.

Flexible Multi-Currency Time Deposit offered by Citibank IPB Singapore

Time Deposit

At Citibank IPB Singapore, we bring you a world of international investment opportunities. If you are looking for a more conservative overseas returns on your savings, our Time Deposit is a great choice. Enjoy unmatched flexibility in managing your wealth with a wide range of currencies and tenures. Our competitive interest rates offer potentially higher returns for your savings. Additionally, if you need to withdraw money you can do so in blocks of US$5,000 (or equivalent), without losing the interest you have earned.

Consider placing a Time Deposit in Singapore to diversify and enhance your wealth overseas. Pursue your financial goals with Time Deposit today.



Why place a Time Deposit?

  • Potential to earn competitive interest rates than savings account and with a choice of major currencies: AUD, CAD, CHF, EUR, GBP, HKD, JPY, NZD, SGD and USD. Log in to Citibank Online or the Citi Mobile® App to find out more about the prevailing interest rates.
  • Choice of tenures: Overnight, 1 week, 1, 2, 3, 6 and 12 months.
  • Minimum US$50,000 (or equivalent) to establish a time deposit (no minimum required for overnight deposit).
  • Please be reminded that the interest rate for Overnight deposits denominated in Singapore dollar and foreign currencies has been at 0% p.a. for all balances until further notice.
  • Unfixed Time Deposit* feature where partial withdrawals are allowed.
  • Choice to opt for automatic rollover to ensure your deposits earn interest continuously.
  • Overdraft facility with your Time Deposit as collateral.
  • Earn potentially higher interest rates than a savings account if held to maturity.
  • *For partial withdrawal, the minimum amount that can be withdrawn is US$5,000 (or equivalent), with at least US$50,000 (or equivalent) to be maintained in your account at all times. For pre-termination/early withdrawal of Time Deposit , the Bank reserves the right to charge a penalty fee, which will be deducted from the withdrawn amount.

Flexible placements and renewals

For your convenience, you can:

  • Choice of major currencies: AUD, CAD, CHF, EUR, GBP, HKD, JPY, NZD, SGD and USD.
  • Choice of tenures: Overnight, 1 week, 1, 2, 3, 6 and 12 months.
  • View and place Time Deposit on Citibank Online or the Citi Mobile® App.
  • When your deposit matures, your Time Deposit is automatically renewed, at the prevailing interest rate.

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  • A time deposit is an account that has a fixed term and interest rate. You can open such an account to enhance your savings, as it lets you earn a fixed interest rate on your funds based on the tenor you have selected. You can withdraw your funds at the completion of the term period, or you can choose to renew the time deposit. Citibank offers a selection of time deposits for attractive returns.
  • To place a Time Deposit for tenure ranging from 1 week and up to 12 months, you will need to deposit a minimum amount of US$50,000 (or equivalent). For Overnight Deposit, there is no minimum deposit requirement.
  • Citibank IPB Singapore offers a range of tenures on Time Deposit that you can select based on your financial needs. You can choose a preferred tenure of overnight, 1 week, 1 month, 2 months, 3 months, 6 months or 12 months.
  • Your first trade is free with Citibank Brokerage.
  • Enjoy Paperless Freedom with Citibank Electronic Statements and Advices.

Important Notes

Foreign Currency Time Deposits

Foreign currency investments are subject to rate fluctuations, which may provide both opportunities and risks. You may experience a loss when you convert foreign currency back to your home currency. Exchange controls may be applicable from time to time to certain foreign currencies. You should therefore determine whether any foreign currency investment is suitable for you in the light of your investment objectives, your financial means and your risk profile. Foreign currency investments are not insured by the Federal Deposit Insurance Corporation.

Deposit Insurance Scheme - Singapore dollar deposits of non-bank depositors are insured by the Singapore Deposit Insurance Corporation, for up to S$100,000 in aggregate per depositor per Scheme member by law. Foreign currency deposits, dual currency investments, structured deposits and other investment products are not insured.

Citibank full disclaimers, terms and conditions apply to individual products and banking services.