Citibank Online Saver.

Citibank Online Saver - High Interest Savings Account

Citibank Online Saver

Give your savings a boost. The Citibank Online Saver is our high interest savings account that gives you flexibility, control and a great interest rate.

Simply link your Citibank Online Saver to any other Australian bank account and transfer money in and out as you need. This no-fee, no minimum balance savings account can help you reach your savings goals – no matter where you're starting from. Apply now.

  • Earn our variable introductory rate, currently 3.05% p.a., for the first four months while the account balance remains below $500,000 (interest rate may change throughout the period)1. At the end of the introductory period (or if your balance is $500,000 or more) you’ll receive the 1.70% p.a. standard variable rate on the entire balance.
  • Nominate any Australian bank account as your linked account - just make sure your bank lets you transfer money to other bank accounts.
  • Set up a regular savings plan to help you reach your goals sooner.
  • Set up a regular savings plan to help you reach your goals sooner.
  • Easy online, mobile, tablet and telephone banking.
  • No monthly fees and no minimum balance.
  • Interest is calculated daily and paid monthly on every dollar.
  • Your monthly eStatements will let you know how much interest you've earned for the month as well as the current interest rate.
  • Use our savings calculator to work out how much money you could put away to achieve your goal.


Unlimited transactions
Minimum opening balance $0
Monthly eStatement


Variable introductory rate

(available for first four months where your entire balance is between $0 and $499,999.99)

3.05% p.a.
Standard variable rate

(available after first four months, or where your entire balance is $500,000 or more).

1.70% p.a.
Interest calculated Daily
Interest paid Monthly


Citibank Online
How to Apply

Apply for a Citibank Online Saver

Apply online in minutes

What you need to know before applying:

You must be over 18 years old and a resident of Australia.
You need a valid email and Australian residential address.
You need to have the details of the bank account you'd like to link your Citibank Online Saver to.
The account can only be used as a personal account (not as a business account).
A Tax File Number (TFN). While it is not mandatory to provide your TFN, without this we are required to deduct tax at the top marginal rate.

What happens after you submit your application online:

You'll receive your account number once you've completed the online application form.
Check the mail within 5-7 working days for your Welcome Pack and your Internet Access Number (IAN).
When your new account is open, you'll need to activate it by transferring money from your linked account to your new Citibank Online Saver. Your linked account will be activated within five working days and you'll be able to transfer funds between the two accounts quickly and easily.

Important information:

Terms & Conditions apply and are available on request.

1. This offer is only applicable on the first Citibank Online Saver that you open. Interest rate may change at any time including during the first 4 months.

Citibank Online Saver is issued by Citigroup Pty Limited ABN 88 004 325 080, AFSL 238098, Australian credit licence 238098. Any advice is general advice only and was prepared without taking into account your objectives, financial situation, or needs. Before acting on this advice you should consider if it's appropriate for your circumstances. Further information and our dispute resolution process is available at or by phone on 1300 137 931.

© 2018 Citigroup Pty Limited. All rights reserved. ABN 88 004 325 080, AFSL No. 238098, Australian credit licence 238098. Citi, Citi and Arc Design and other marks used herein are service marks of Citigroup Inc. or its affiliates, used and registered throughout the world.

How to set up a regular savings plan.

Whilst completing your Citibank Online Saver Application

  1. To set up a regular Savings Plan at account application, simply follow the prompts at Step 3 of the online application form.

Once your Citibank Online Saver is opened via Citibank Online

  1. Log in to and select 'Payments & Transfers'.
  2. Go to 'Citibank Online Saver Transfer' and follow the prompts.
  3. Enter the amount you wish you transfer and select 'Make this recurring'.
  4. You can then choose the frequency of your regular savings plan.