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Citibank term deposits paying up to 3.50%
Citibank is paying term deposit rates of up to 3.50 per cent for Australians who have at least $250,000 to invest.
Citi will pay term deposit interest rates of 3.50 per cent to Australians who invest $250,000 or more in eligible investment products, with at least $125,000 of that in a term deposit.
Investors can choose between three-month and six-month terms – although this offer is open only to wholesale investors.
Regular investors, who invest between $250,000 and $2 million, can earn 2.40 per cent interest.
Again, they can choose either a three-month term deposit or a six-month term deposit.
Citi also offers term deposits for Australians who have less money to invest, starting from $10,000.
Terms range from one month to five years, with the highest interest rate being 1.60 per cent for a 12-month term deposit.
Term deposit rates at record-low levels
Interest rates vary from institution to institution, so it’s a good idea to compare term deposits before deciding where to invest.
Right now, with interest rates at record-low levels, it’s very hard hard to find term deposit interest rates above 2 per cent.
| Institution | Interest rate | Term | Investment |
|---|---|---|---|
| Woolworths Employees’ Credit Union | 2.15% | 12 months | $5,000 and above |
| G&C Mutual Bank | 2.05% | 4 months | $1,000 and above |
| ME Bank | 2.05% | 6 months | $5,000 to $2 million |
| BCU | 2.05% | 36 months | $250,000 to $999,999 |
* All data in this article was accurate as of 19 September 2019
Disclaimer
This article is over two years old, last updated on October 5, 2019. While RateCity makes best efforts to update every important article regularly, the information in this piece may not be as relevant as it once was. Alternatively, please consider checking recent term deposits articles.
Compare term deposits
$1,000
5.10%
for 6 months
5.10%
for 6 months
- 2024 Award Winner
- 6 months
- Automatic maturity rollover
- Joint application available
- Maturity alert by email
$1,000
2.00%
for 1 month
4.90%
for 60 months
- 1 month
- Automatic maturity rollover
- Joint application available
$1,000
3.50%
for 3 months
4.80%
for 12 months
- 3 months
- Automatic maturity rollover
- Joint application available
- Maturity alert by email
$5,000
0.50%
for 1 month
5.00%
for 7 months
- 1 month
- Automatic maturity rollover
- Joint application available
- Interest payment to other institution
$5,000
4.70%
for 11 months
4.70%
for 11 months
Term Deposit Special
- 11 months
- Automatic maturity rollover
- Joint application available
- Maturity alert by phone
$5,000
1.25%
for 1 month
4.70%
for 12 months
Advance Notice Term Deposit
- 1 month
- Automatic maturity rollover
- Joint application available
- Maturity alert by phone
Product database updated 26 Apr, 2024
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