GROW YOUR WEALTH
ON YOUR TERMS

GROW YOUR WEALTH
ON YOUR TERMS

Benefit from guaranteed returns on your savings.

Choose your term below

6 month
term deposit &
investment offer

SPECIAL OFFER
3.88
%
p.a.1

Invest $250,000 or more with half your funds in eligible investment products

Earn greater returns when you pair your term deposit with an eligible investment

Wholesale investors only >

3 month
term deposit

2.70
%
p.a.2

Balances $250,000 to $2,000,000

Enjoy flexibility with a great rate

6 month
term deposit & investment offer

SPECIAL OFFER
3.88
%
p.a.1

Invest $250,000 or more with half your funds in eligible investment products

Earn greater returns when you pair your term deposit with an eligible investment

Wholesale investors only >

3 month
term deposit


2.70
%
p.a.2

Balances $250,000 to $2,000,000

Enjoy flexibility with a great rate

Why choose a Citibank Term Deposit?

  • Security

    Covered by the Australian Government Deposit Guarantee Scheme.3

  • We’ve got your back

    Know your investment is safe, backed by a global bank.

  • On your terms

    Speak to us about our full range of offers and choose a term that suits you.

FAQs Expand all sections

Fees & Charges

See our latest Schedule of Fees & Charges.

What do I need to apply?

Minimum deposit: You will need a minimum deposit of $10,000 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, along with your application at an Australia Post outlet.

Personal details: Residential address, contact details 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.

What if I terminate before maturity?

If you want to withdraw your Term Deposit before it matures you’ll need to give us 31 days' notice. See our 31 Day Notice Period Fact Sheet.

How to qualify as an 'Eligible Investor'?

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.

You will also qualify as a ‘wholesale client’ if you invest at least AUD $530,000 (inclusive of fees) in one transaction, subject to certain criteria.

Important Information

  • 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 AUD$2,000,000 when combined with eligible investments (structured products, managed funds and bonds). Funds must be split equally between the Term Deposit and eligible investments. 31 day notice period applies to term deposits.
  • Interest rate only available for new to bank funds, on all term deposits under AUD$2,000,000. Promotional rate is subject to change without notice. 31 day notice period applies to term deposits.
  • Term Deposit must be in the same name as your Global Currency Account.

Deposit accounts with Citibank with balances of up to and including A$250,000 in total for each account holders are guaranteed by the Federal Government without charge. For more details see APRA's Financial Claims Scheme website.

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 Product Disclosure Statement and terms and conditions before you make a decision about any financial product, and consider if it's suitable for your objectives, financial situation, or needs. Investors are advised to obtain independent legal, financial, and taxation advice prior to investing.

© 2019 Citigroup Pty Limited. All rights reserved. ABN 88 004 325 080, AFSL 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.