1. Conditions

1.1. These Account Specific Terms and Conditions apply to the Citibank Flexible Saver Account (Issue 4). 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 Citibank Flexible Saver Account (Issue 4).

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. The Account can be opened by Existing and New Customers. 'New Customer' 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. '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.

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 on this Account.

4. Interest

4.1. We pay interest on cleared credit balances up to £1,000,000 (one million pounds). We will pay interest at the standard Citibank Flexible Saver (Issue 4) variable rate. No interest is payable on balances that exceed this amount.

4.2. Interest on any cleared credit balance is calculated on a daily basis.

4.3. Interest on any cleared credit balance is compounded monthly and is applied to the Account monthly in arrears.

5. Variable introductory bonus rate interest

5.1. If you are a New Customer, you will receive additional interest on cleared balances of up to £1,000,000 (one million pounds) at the variable introductory bonus rate for the Account for the first twelve months from the date you open the Account.

5.2. The variable introductory bonus rate will be as stipulated by Citibank from time to time.

5.3. If you are an Existing Customer, you will not receive the twelve month variable introductory bonus rate interest.

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.

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. Unless you are an Existing Customer and hold a Card, you will be issued with a Citibank Card. You will not be able to use the Citibank Card as a Citibank Debit Card or a Citibank ATM Card.