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Savings Account Features - High Interest Saving Accounts - Citi UK

Savings accounts

Savings accounts to support your wealth management objectives

Start your Citigold relationship

How to apply
  • Overview
  • Features
  • Managing your account
  • Eligibility
  • Fees & Rates

At a glance:

  • Competitive savings account interest rates for Citigold clients
  • Access your funds, no matter the currency, using a single debit card

Our savings accounts are ideal if you are looking for a balanced wealth management portfolio or if you want to temporarily hold some funds before purchasing any of our investment products.

You can choose from two types of savings account:

1. Reward Saver
Available in Sterling and in US Dollars. This savings account is designed for savers who don’t always need to access their savings as no interest is paid on your account balance during any statement month in which you make a withdrawal.

2. Flexible Saver
Instant access to high interest savings account with no penalties for withdrawals

For a comparison of our savings accounts, please view our Summary Boxes.

Reward Saver Account (Issue 8)

  • Great if you are a long-term saver who wants to make the most of your savings
  • No interest will be paid on your savings account balance during any statement month in which you make a withdrawal.
  • Citigold clients can earn interest from just £1 up to £1 million.
  • Available for UK residents only
  • See account Features for more details

    Flexible Saver Account

  • 24/7 instant access to your savings with no penalties for withdrawals on your high interest savings account
  • Citigold clients can earn interest from just £1 up to £1 million
  • Available for UK residents only
  • See account Features for more details

    Us Dollar Reward Saver
    Account

  • Ideal if you want to save for the long term and want to top up whenever you like
  • Hold your US Dollars in the UK and avoid Sterling to US$ exchange rate fluctuations
  • Interest that’s payable is paid on credit balances up to $2 million
  • No interest will be paid on your savings account balance during any statement month in which you make a withdrawal.
  • See account Features for more details

    Reward Saver Account (Issue 8)

    • For clients who hold a Citigold Current Account, Reward Saver account earns the Variable Standard Rate of 0.10% gross p.a. / AER on balances up to £1Million. The total rate will be 0.30% AER variable for the first year, which includes a fixed six month introductory bonus rate of 0.40% gross p.a. After this the rate will revert to the Variable Standard Rate.
    • Designed for long-term savers - please note that no interest will be paid on your account balance during any statement month in which you make a withdrawal.
    • Interest on your savings account is paid on balances from just £1
    • If you're looking to withdraw from your savings account during the year, this may not be the most suitable account for you. In this case, please see our Flexible Saver Account below.

    Flexible Saver Account

    • For clients holding a Citigold Current Account, the rate is 0.05% gross p.a. /AER variable on balances up to £1 million
    • Earn interest from just £1 on our high interest savings account
    • Transfer money between your Citi accounts via our easy access 24/7 online service or via CitiPhone.
    • Instant access with no penalties for withdrawals.

    US Dollar Reward Saver Account

    • Open savings account in minutes - start saving from as little as $1.
    • Hold your US Dollars in the UK and avoid UK£ - US$ exchange rate fluctuations.
    • No transaction fees on Citi Global Transfers to the US and over 26 other destinations worldwide. Citi UK reference exchange rates apply to transfers across currencies.
    • Interest, if payable, is paid on credit balances up to $2million.
    • No interest will be paid on your account balance during any statement month in which you make a withdrawal.

    Citi Online

    With Citi Online you can check your savings accounts and transfer money whenever and wherever you are in the world.

    • open new savings accounts whenever you want
    • carry out transfers
    • link your debit card to the account of your choice

    Citi Mobile

    Enjoy quick and easy banking from your mobile or tablet with the Citi Mobile® UK App.

    • Monitor your savings accounts on the go
    • See up-to-date balances
    • Transfer funds instantly
    • Make payments

    CitiPhone

    If you need to speak to someone, simply pick up the phone.

    • Our CitiPhone Personal Bankers are available at any time, day or night.
    • You can also use our CitiPhone automated banking service.

    Global view of accounts

    If you have Citi accounts in more than one country, our Global View of Accounts service (subject to participating Citi locations) makes international banking even simpler. Safe, secure and easy to use, it allows you to access all of your overseas accounts instantly.

    • View your overseas accounts on your UK Citi Online page.
    • Only one password and security code to remember.
    • Free service that’s available 24 hours a day from anywhere in the world.
    24/7 Global View of Savings Accounts Online - Citi UK

    E-Statements

    E-Statements give you the flexibility to view, save or print up to 24 months of your statements at your convenience, directly from Citi Online. They are available for all account holders registered with Citi Online, including those with joint accounts.

    Saving Account Features - Print Your Statement Upto 24 Months - Citi UK

    Citi Alerts

    Receive free account updates by text or email both for your current and savings accounts and your investments.

    Saving Account Feature - Text or Email Update of Your Saving Account - Citi UK

    All Citigold clients can benefit from our saving accounts. Citigold is available free of charge if you have an average monthly balance of £150,000 (or currency equivalent) across all your Citi UK accounts, including investments, or if you hold an account with Citi International Personal Bank in London or Jersey. If you don't meet either of these criteria, a monthly fee of £75 will apply.

    Reward Saver Account (Issue 8)

    • Minimum deposit is £1. No interest is paid on balances above £1 million for Citigold clients and above £150,000 for non-Citigold clients.
    • Only one account per customer.
    • Not available to customers who have held a Reward Saver within the 6 months prior to application.
    • The Reward Saver Account is only available to UK residents. If you are not currently living in the UK, we regret that we will not be able to offer you this savings account.
    • Please note: this savings account is currently unavailable for new clients unless it is opened alongside a Citigold Current Account.

    Flexible Saver Account

    • Minimum deposit is £1. No interest is paid on balances above £1 million for Citigold clients and above £150,000 for non-Citigold clients.
    • Only one account per customer.
    • Not available to customers who have held a Flexible Saver within the 6 months prior to application.
    • The Flexible Saver Account is only available to UK residents. If you are not currently living in the UK, we regret that we will not be able to offer you this account.
    • Please note: this account is currently unavailable for new clients unless it is opened alongside a Citigold Current Account.

    US Dollar Reward Saver Account

    • Minimum deposit $1. No interest is paid on balances above $2million.
    • The Reward Saver Account is only available to UK residents. If you are not currently living in the UK, we regret that we will not be able to offer you this savings account.
    • Please note: this account is currently unavailable for new clients unless it is opened alongside a Citigold Current Account.

    Savings accounts fees and rates

    Current rates (effective from 16 November 2016)
    Flexible Saver Gross % P.A * AER % P.A.*
    Variable Standard Rate 0.05 0.05
    Current rates (effective from 16 November 2016)
    Reward Saver Account (Issue 8) Gross % P.A * AER % P.A.*
    Variable Standard Rate 0.101 0.101
    Introductory Bonus rate (first 6 months) 0.401 0.201
    Total Rate 0.501 0.301
    Important information

    Savings account interest rates, including the bonus rate, are variable and subject to change but correct at the time of publishing. Terms and Conditions apply. The bonus rate offer may be withdrawn at any time.

    This does not apply to account closures. A statement month is the period between the dates when your monthly statement is issued. All new to Citibank customers will, by default, have their statement date automatically set to the last day of the calendar month, resulting in a statement month normally being the same as a calendar month for new customers. This is an option for existing customers if required although the change in date will apply to all of a customer's accounts.

    *The gross rate is the contractual rate of interest payable before the deduction of income tax at the rate specified by law. AER stands for the Annual Equivalent Rate and is a notional rate that illustrates what the contractual interest rate would be if interest was paid and compounded on an annual basis.

    ¹No interest paid during any statement month in which you make a withdrawal. Interest is paid as normal on account closures.

    Start your Citigold relationship

    Citigold is available if you maintain a minimum average monthly balance of £150,000 (or currency equivalent) across all your Citi UK accounts, including investments.

    Speak to our UK team 0207 500 1992

    Already with Citi? Contact your relationship manager or send a secure message via Citi Online

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