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Time Deposit Accounts to Grow Your Wealth - Features, Eligibility and Fixed Deposit Rates - Citi UK

Time deposit - A secure home for your money, with competitive interest rates

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  • Time Deposit Overview
  • Time Deposit Features
  • Time Deposit Eligibility
  • Time Deposit T&C's

If you are planning for a future expense such as your children's education or perhaps a new business venture; a product with a fixed maturity date, such as a term deposit, could be a useful investment option.

  • A secure home for your money with competitive rates of interest
  • Deposit your money for 1, 2, 3, 6 or 12 months and save as much as you like in a choice of up to 3 currencies(EUR, Pounds, US Dollars)
  • We also provide a roll-over feature for those with existing Time Deposits, who want to keep their money secure and roll-over their capital and/or interest into the same Time Deposit.
  • Time deposit interest rates are based on the latest money market rates
  • Rates are fixed for the term of the deposit. You can refer to the Rates and Charges for full details.
  • The minimum deposit is £20,000 or currency equivalent
  • Available in selected foreign currencies
  • The Time Deposit is available for a term of up to 12 months. Longer terms are available on request. 
  • An Early Termination Fee will apply for early closure of your time deposit. Kindly refer to the terms and conditions for more information.

Manage Your Account

Citi Online

As well as being able to open a Time Deposit account online, you can also check deposit rates, monitor your account and even change maturity instructions.

Relationship Manager

You can ask your Relationship Manager to open a Time Deposit account and change maturity instructions on your behalf.

CitiPhone

If you need to speak to someone, simply call us.

Our CitiPhone Personal Bankers are available 24/7 to support you with your queries.

Citi Clients can easily open a Time Deposit at any time. 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 in London or Jersey. If you don't meet either of these criteria, a monthly fee of £75 will apply.

  • To open a Time Deposit you must have a Citi current or savings account in the same currency as your Time Deposit - funds will be transferred from this account to open your Time Deposit, and returned at maturity.
  • Deposits for the Time Deposit must be made by funds transfer from your nominated Citi savings or current account (excluding Fixed Rate Bond and Time Deposit accounts).
  • The Time Deposit is subject to availability and Citi may withdraw the offer at any time.
  • We reserve the right to refuse any application to open a Time Deposit.

Some of the important time deposit terms and conditions for new applicants are as follows:-

  • Interest rates
    Time deposit interest rates are fixed for the entire term of your deposit and are calculated on a 365 or 360 day basis appropriate to the currency. Interest will accrue daily and will be credited only at maturity.
  • Making a deposit
    Your deposit must be made by a funds transfer from your nominated Citi account (cheques will not be accepted).This transfer must be requested at the time of opening the Time Deposit Account.
  • Term
    The term of the Account is as agreed with you on your Account opening, and the maturity date will be the first Banking Day following the end of that term.
  • Early Termination
    If you terminate your Time Deposit before the maturity date, you will incur a charge (except where the account is closed following the death of the account holder). That charge will reflect the cost we reasonably expect to incur at the time you notify us that you will be terminating your Time Deposit, as a result of having to replace your deposit at the rate then available in the market for deposits of that size.
  • Nominated Citi account
    If your nominated Citi account is no longer open at the time of maturity (or earlier closure), we will transfer any funds due on maturity to another Citi account held by you. If you do not have an appropriate Citi account, we will contact you and ask you to open a Citi account to receive the balance of the Account.

Whether you are an existing Time Deposit holder or a new applicant, you can refer to the Time Deposit Account Terms and Conditions for full details.

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.

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

Why choose Citi?

A relationship - not just a bank account

A dedicated Relationship Manager giving you access to our internal team of product experts and all our benefits

Access to exclusive Citi products

A range of current and investment products available both on shore and offshore, in the currency of your choice
Multi-currency accounts
Our investment products

Global services for a global lifestyle

Our team is here to support you getting started in UK or with International travel and relocation
Moving to and from the UK
Travelling overseas

Important Information

  1. The Time Deposit is subject to availability. Offer may be withdrawn by Citi at any time. We reserve the right to refuse any application to open a Time Deposit. The Time Deposit is available for a term of up to 12 months. Longer terms are available on request. Deposits for the Time Deposit must be made by funds transfer from your nominated Citi savings or current account (excluding Fixed Rate Bond and Time Deposit accounts). The Time Deposit is provided by Citibank International Limited. Interest is calculated on a 365 or 360 day basis appropriate to the currency. Interest will accrue daily and will be credited only at maturity. Please refer to the account terms and conditions for full details.
  2. Early termination - If you terminate your account before the maturity date, you will incur a charge (except where the account is closed following the death of the account holder). That charge will reflect the cost we reasonably expect to incur at the time you notify us you will be terminating your Account, as a result of having to replace your deposit at the rate then available in the market for deposits of that size. See Account Specific Terms and Conditions.

Offshore investments

We offers a diverse range of banking and investment services, including for those who want access to offshore investments

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Just moved to the UK?

We can save you time money and hassle. If you are a foreign national in the UK, Citi's International Banking Service can help you manage your money, home and away.

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