1. Conditions
1.1. These Account Specific Terms and Conditions apply to the Citigold Reward Saver (Issue 2). They are additional to and should be read together with the Citibank Account General Terms and Conditions. If there is any inconsistency between them, these Account Specific Terms and Conditions override the Citibank Account General Terms and Conditions to the extent of the inconsistency.
1.2. Account means the Citigold Reward Saver (Issue 2).
1.3. The Account can only be opened by Citigold customers who pay in at least £1,250 per month into their Citigold Current Account and have at least one Direct Debit set up on that account.
1.4. You may only hold one Account. You may not open a new Account if you have held an Account in the last 6 months.
2. Direct Debits/standing orders
2.1. You cannot set up: (i) Direct Debits to make payments either to or from the Account; or (ii) standing orders to make payments from the Account.
3. Overdrafts
3.1. There is no authorised overdraft facility available from this Account.
4. Interest
4.1. Subject to clause 4.4 and clause 5 we will pay interest on cleared credit balances up to £1,000,000 (one million pounds) as follows:
(i) We will pay interest at the standard Citigold Reward Saver variable rate on days when your Account balance is £50,000 and above; and
(ii) We will pay interest at a nominal variable rate on days when the Account balance is below £50,000;
4.2. If the cleared balance in the Account exceeds £1,000,000 (one million pounds) no interest will be earned on the excess over £1,000,000.
4.3. Interest on any cleared credit balance is calculated daily, compounded monthly and is applied to the Account monthly in arrears.
4.4. If during any statement month, you make a withdrawal from your Account (other than if you close the account and withdraw the full balance), no interest will be payable on the total account balance for that month.
4.5. A statement month is the period of one calendar month from the date your monthly statement is issued. Your monthly statement date is the same day as the monthly interest payment date, which will be the same for all your Citibank accounts. If you would like to change your monthly statement date, please contact Citibank. Please note that if you change your statement date, the change will apply to all your Citibank accounts.
5. Variable introductory bonus rate interest
5.1. You are eligible for and will receive bonus interest on cleared balances between £50,000 and £1,000,000 (one million pounds) at the variable introductory bonus rate for the Account for the first 6 months from the date you open your account. This variable introductory bonus rate is in addition to the standard variable rate for the Account.
5.2. The variable introductory bonus rate will not be paid on days when your Account balance is below £50,000.
6. Transfers
6.1. You may make a transfer from the Account to any other eligible Citibank Account via CitiPhone Banking, Citibank Online or a Citibank Branch in the UK.
7. Withdrawals
7.1. You may withdraw up to £10,000 cash per day in sterling from any branch of Citibank in the UK without notice if such amount is within your Available Balance. Larger withdrawals will require two Banking Days' notice.
7.2. You may withdraw cash at certain ATMs displaying the VISA/Link logo subject to the individual machine limit, your Available Balance and specific limits determined and notified to you by Citibank from time to time.
8. Cheque books
8.1. No cheque book is available with this Account.
9. Citibank Card
9.1. You will not be issued with a new card. If you link your existing Card to this Account, and your card type permits such use you will be able to use the Card as a Citibank Debit Card in respect of this Account.
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