X

 


  • To be eligible for this offer you must qualify as a 'wholesale client'. This means you have a certificate issued by a qualified accountant within the last two years stating:
  • You have a gross income for each of the last two financial years of at least $250,000; or
  • You have net assets of at least $2.5 million.

By investing in this offer, you understand that you will be treated as a wholesale client, and you are able to assess the risks involved in financial transactions without receiving the same disclosure documents and protections which are available to retail investors.

FOREIGN CURRENCY TERM DEPOSITS

Foreign Currency Term Deposits.

Foreign Currency Term Deposits.

As part of the Citibank Multi Currency Account, you can guarantee your returns through a term deposit in ten different currencies.

Find out how you could be earning competitive interest
on your US Dollars.

1.25% p.a.1

6 month term deposit, when you invest 25% of your funds in eligible investments.

2.00% p.a.2

6 month term deposit, when you invest half of your funds in eligible investments.

Request a call >>
Benefits
  • Guaranteed returns on foreign currency.
  • Choose a term up to 12 months.
  • Available in 10 currencies.
  • Interest calculated daily and paid on maturity.
Features

Flexibility

Minimum opening balance Equivalent of AU $10,000 in corresponding currency.
Monthly account keeping fee $0
Funds at call

Interest

Interest earned View rates
Interest paid At maturity
Calculated daily

Access

Written instructions
Phone banking
Currencies

Citibank Foreign Currency Term Deposit available in the following currencies:

  • Euro (EUR)
  • Canadian Dollar (CAD)
  • Hong Kong Dollar (HKD)
  • Japanese Yen (JPY)
  • New Zealand Dollar (NZD)
  • Pound Sterling (GBP)
  • Singapore Dollar (SGD)
  • South African Dollar (ZAR)
  • Swiss Franc (CHF)
  • US Dollar (USD)

For more information on interest rates for these currencies, please contact us on 1300 552 070 or enquire online.

How to Apply

Apply now

Apply today and start saving.

What you will need:

You will need the following information to apply for a Citibank Foreign Currency Term Deposit:

Minimum deposit: You will need a minimum deposit equivalent of AU $10,000 in the corresponding currency to open your Citibank Term Deposit.
Proof of age: You must be over 18 years of age or older.
Personal identification: You must be able to be identified in Australia at or before account opening. This includes providing two forms of identification, one of which must be photo identification.
Personal details: Residential address, contact details (for all account holders if applying for a joint account) and your current e-mail address.
Tax File Number (TFN): Or valid exemption - you do not have to provide your TFN, but without it we will be required to deduct tax at the top marginal rate.

Important information:

1. Offer available to wholesale investors only as defined in section 761G of the Corporations Act 2001 (Cth) who has a valid accountant's certificate certifying the investor has a gross income of AUD$250,000 or more per annum in each of the previous two years (before the certificate was issued) or has net assets of at least AUD$2.5 million. By investing in this offer you understand that you will be treated as a wholesale client. Interest rate is subject to change and only available on new term deposits up to USD$2,000,000 when at least 25% of the total investment is allocated to eligible investments (structured products, managed funds and bonds). Managed funds are only available in AUD. 31 day notice period applies to term deposits.

2. Offer available to wholesale investors only as defined in section 761G of the Corporations Act 2001 (Cth) who has a valid accountant's certificate certifying the investor has a gross income of AUD$250,000 or more per annum in each of the previous two years (before the certificate was issued) or has net assets of at least AUD$2.5 million. By investing in this offer you understand that you will be treated as a wholesale client. Interest rate is subject to change and is only available on new term deposits up to USD$2,000,000 when combined with eligible investments (structured products, managed funds and bonds). Managed funds are only available in AUD. Funds must be split equally between the Term Deposit and eligible investments. 31 day notice period applies to term deposits.

The Term Deposit will automatically renew for the same term at maturity unless you have nominated otherwise. Please note that the interest rate that will apply to your reinvestment will be the interest rate current on the date of maturity which may be less than what may be available to you had you made a new investment.

The minimum investment amount for bonds is AUD $50,000. Investments are not deposits or other obligations of, guaranteed, or insured by Citibank N.A., Citigroup Inc., or any of their affiliates or subsidiaries, or by any local government or insurance agency, and are subject to investment risk, including the possible loss of the principal amount invested.

Investors investing in funds denominated in non-local currency should be aware of the risk of exchange rate fluctuations that may cause a loss of principal. Past performance is not an indicator of future performance. Investment products are not available to US persons and may not be available in all jurisdictions. All investments are subject to risks and can change in value.

Any advice is general advice only. It 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 particular circumstances. You should also obtain and consider the relevant disclosure documents and terms and conditions before you make a decision about any financial product, and consider if it's suitable for your objectives, financial situation, and needs. Investors are advised to obtain independent legal, financial, and taxation advice prior to investing.

© 2017 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.