June 23, 2024

Citibank has a large amount of branches in Singapore. It delivers a range of investment goods for the buyers. Some of them are

  • Deposit Coverage scheme
  • Singapore Bucks Term Deposit Scheme
  • Overseas Forex Deposit

You can check out any of the Citibank branches in Singapore to implement for any of the items. Some of the places in which the Citibank branches are readily available in Singapore are:

  • Citibank, Bedok SMRT Station, Quick Banking Centre, Singapore.
  • Citibank, No 3, Changi Small business Park, Crescent Degree 1, Singapore – 486026
  • Citibank, Parkway Parade Department, 80, Maritime Parade Street, Singapore – 449269

Singapore Pounds Time period / Preset Deposit Scheme:

Features and Positive aspects:

  • The minimum amount deposit that has to be created for this account is S$ 10,000.
  • You can pick out flexible time period for your investments i.e. 1 thirty day period to 36 months.
  • The time period deposits will be quickly renewed when the amount matures on the maturity date. If you do not want to renew the deposit quickly, then you have to make contact with the financial institution and personal the exact. If you do so, you will get the invested volume and the fascination accrued for your investments on the day of maturity. If the mounted deposit is renewed routinely, then the prevailing desire charges will be utilized for the investments.
  • If you need overdraft facility for your investments, then you can get overdraft for your deposit quantity. You will get a much better desire amount for the exact same.
  • The deposits are insured underneath deposit coverage scheme. You will also get the defense from Singapore governing administration for your investments less than “Singapore Governing administration assure” plan.

The curiosity prices for the set deposits change commonly. You have to go to the associated websites or Citibank site or the closest lender for getting the most up-to-date interest premiums.

Some of the most current costs (as on July, 2010) for several expression deposit strategies are mentioned down below. You have to get the newest desire from connected sites.

Duration: 6 months

Amount: S$ 10,000 to S$ 50,000

Level: .25%

Length: 12 months

Amount: S$ 10,000 to S$ 50,000

Level: .35%

Next Step: How to locate the Most effective Fascination Charges?

Get the information of the a variety of curiosity rates provided by Citibank. You can come across them in relevant web-sites.