1. Conditions
1.1. These Account Specific Terms and Conditions apply to the Citibank Flexible Saver Account (Issue 3). They are additional to and should be read with the Citibank General Terms and Conditions. If there is any inconsistency between them, these Account Specific Terms and Conditions override the Citibank General Terms and Conditions to the extent of the inconsistency.
1.2. Account means the Citibank Flexible Saver Account (Issue 3).
1.3. Nominated Account means the UK account in your name held at a bank other than Citibank and notified to us by you through CitiPhone Banking. You may only have one Nominated Account.
1.4. You may only have one Account.
1.5. The Account is only available to UK residents.
1.6. The Account can be opened by Existing and New Customers. “New Customers” means any person, including Joint Account Holders who in the six months prior to the date of their Account application did not maintain a relationship with Citibank banking division. “Existing Customers” means any person who at the time of applying for an Account or anytime six months prior to the application for an Account maintained a relationship with Citibank banking division.
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. We pay interest on cleared credit balances up to £1,000,000 (one million pounds). No interest is payable on balances that exceed this amount.
5. Fixed introductory rate interest
5.1. If you are a New Customer, you will be paid a fixed introductory interest rate for the first six months from opening your Account. Once this period has ended you will be paid the variable standard interest rate.
5.2. The fixed introductory interest rate will be stipulated by Citibank.
5.3. Existing Customer are not eligible to receive the fixed introductory interest rate and will receive the variable standard interest rate for this Account.
6. Transfers
6.1. You may make a transfer from the Account to any other eligible Citibank Account via CitiPhone Banking, or Citibank Online.
6.2. Transfers made via Citibank Online to a third party may only be made to your Nominated Account.
7. Cheque books
7.1. No cheque book is available with this Account.
8. Citibank Card
8.1. If you do not already hold a Citibank Card, you will be issued with a Citibank Card for use on the Account. You will not be able to use the Citibank Card as a Citibank Direct Debit Card or a Citibank ATM Card.
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