Citibank AcceleRate Savings Account - High Interest Savings Account

Get up to 4.88% p.a.

With the all-new AcceleRate Savings Account

Get up to 4.88% p.a. Plus, a HUAWEI Y Max with the all-new AcceleRate Savings Account

AcceleRate Savings Account is a high interest savings account that lets you grow your savings faster.

Deposit fresh funds regularly into your account and earn Base Interest and Bonus Interest, both calculated on a daily basis and credited monthly to your account.

Visit your nearest Citibank branch today and open an account to start earning up to 4.88% p.a. Locate a branch.

Benefits

Benefits of Opening a High Interest Savings Account:

1. Rewarding

  • Receive Bonus Interest of 4.38% p.a. on your Incremental Balance versus previous month’s Average Balance*.
  • Receive Interest of 0.50% p.a. on your Average Base Balance.

2. Global Access

  • Transfer funds online instantly between various Citibank® accounts worldwide at no charge via Citibank Global Transfer.
  • View your Citibank accounts across participating countries with a single login via Online Global View.
  • Complimentary cash withdrawal at more than 20,000 Citibank ATMs worldwide.
  • Emergency cash withdrawal of up to USD10,000 at any Citibank branches worldwide, subject to availability

3. Convenient

  • Up to RM10,000 daily cash withdrawal.
  • Citibank/Citigold Debit card lets you withdraw cash or make payments for purchases worldwide
  • Access to over 11,000 MEPS ATM network nationwide.
  • Online account inquiries and banking transactions via Citibank® or Citigold® Online.
  • Make banking inquiries anytime, anywhere via live e-Chat, 'Call Me' function and 20 seconds1 call pickup.

4. Secure

  • Protected by PIDM up to RM250,000 for each depositor*.

*Capped at RM30,000 per month.

* Click here for more details on PIDM protection.

1From the moment you press 0 to speak to a CitiPhone officer.

Features

Features of a High Interest Savings Account:

1. Interest

Interest Rate Type Interest Rate (%p.a.) Balance Type
Base Interest 0.50 On your Average Balance.
Bonus Interest 4.38 On your Incremental Balance versus previous month’s Average Balance (capped at RM30,000 per month).

Kindly refer to the FAQs section for an illustration of how the Base and Bonus Interest Rates work.


2. Global Access

Complimentary instant online fund transfer worldwide Up to USD12,500 daily for Citibank® customers and USD25,000 daily for Citigold® customers.
Emergency cash withdrawal at Citibank branches worldwide Up to USD10,000
Online Global View of accounts via single login
Telegraphic Transfer
Complimentary Citibank ATM withdrawal worldwide

3. Convenient

Minimum initial deposit upon account opening RM5,000 (Not applicable from now till 30 June 2019)
Daily cash withdrawals Up to RM5,000 for Citibank customers and RM10,000 for Citigold customers.
Interbank funds transfer (Interbank GIRO) RM0.10 per transaction
Notice: This will be waived (effective 24th March 2015) until further notice.
Complimentary monthly e-statement
Cash withdrawal, check balance and pay credit card bills at more than 11,000 MEPS ATM
Online e-Chat
Call-Me back function

4. Access

Debit & ATM card
Citibank or Citigold Online
FAQs
1. What is a Citibank AcceleRate Savings Account?

It is a savings account which yields high interest on incremental savings, with 0.50% p.a. as the base rate and 4.38% p.a. as the step-up rate.

2. How do I open a Citibank AcceleRate Savings Account?

Simply visit a Citibank branch near you to open an AcceleRate Savings Account. Locate a branch here.

3. What is the minimum amount required to open a Citibank AcceleRate Savings Account?

The minimum amount required to open a Citibank AcceleRate Savings Account is RM5,000.There is no minimal initial deposit required from now till 31 December 2019.

4. How does the Base and Bonus Interest work?

The 4.38% interest is the bonus interest on the incremental deposits balance and the 0.50% is the base interest on the base deposits balance.

Interest Rate Type Interest Rate (%p.a.) Balance Type
Base Interest 0.50 On your Average Balance.
Bonus Interest 4.38 On your Incremental Balance versus previous month’s Average Balance (capped at RM30,000 per month).

Here is an illustration of how the Base and Bonus Interest rate work:

Month Average Balance for the month (RM) Average Balance qualified for Bonus Interest Base Interest Rate p.a. Bonus Interest Rate p.a.
1 5,000 0 0.5% on RM5,000 0%
2 20,000 15,000 0.5% on RM20,000 4.38% on RM15,000
3 60,000 30,000 (capped at RM30,000) 0.5% on RM60,000 4.38% on RM30,000
4 40,000 (Withdraw 20,000) 0 0.5% on RM40,000 0%
5 50,000 10,000 0.5% on RM50,000 4.38% on RM10,000

5. Are there any other fees/charges involved in the opening of this account?

Besides the early account closure fee (3 months from account opening) and dormant account fee, there are no other additional fees or charges involved in the opening of this account. Click here for further details.

6. If I have an existing Citibank Checking/Savings Account, can I still apply for the Citibank AcceleRate Savings Account?

Yes, you can.

7. What happens if I withdraw funds from my Account?

If your Average Balance falls to a level lower than the previous month, you will not earn any Bonus Interest but you will still earn the Base interest.

8. When will the interest be credited into my Account?

The Base and Bonus Interest (if applicable) will be credited into your Account on the last calendar day of the month

For the Citibank Account Terms and Conditions, click here.

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