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| Home>Banking>Everyday Accounts>Citibank Ultimate Account |
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| Enjoy easy access to your money through a fee free everyday account that also earns you high interest, with a Citibank Ultimate Saver. |
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- $0 monthly fee.
- Unlimited withdrawals at more than 3,000 Citibank, Westpac, St. George, Bank of Melbourne or BankSA ATMs around Australia2.
- Unlimited free transactions and access to your money 24 hours a day, 7 days a week through phone, online and mobile banking.
- Earn 3.20% p.a.1 on the portion of your balance from $10,000 to $1million. The first $10,000 earns 0.10% p.a.1 interest.
- Interest calculated daily and paid monthly.
- Minimum ongoing balance of $10,000.
- Balances of up to $250,000 held with Citibank will be covered by the Financial Claims Scheme3.
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| Flexibility |
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| Transaction frequency |
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High |
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| Minimum opening balance |
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$0 |
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| Minimum ongoing balance |
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$10,000 |
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| Funds at call |
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| Monthly statement |
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| Stepped Interest |
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| Interest on the Citibank Ultimate Saver is stepped which means that different rates of interest apply to different portions of your account balance. The portion of your balance between $10,000 and $1million will attract the highest rate of interest. |
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| Balance |
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Standard Variable Rate |
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| $0 - $10,000 |
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0.10% p.a1 |
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| $10,000 - $1million |
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3.20% p.a1 |
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| $1million+ |
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2.05% p.a1 |
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| Interest paid |
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Monthly |
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| Calculated daily |
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| Access* |
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| ATM/EFTPOS |
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| Visa Debit |
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| Australia Post Bank@Post Outlets |
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| Overseas ATM |
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| Internet banking |
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| Phone banking |
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| Written instructions |
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| Fees |
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| Free transactions per month |
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Unlimited1 |
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| Fee per withdrawal thereafter |
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$0 |
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| Monthly account keeping fee |
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$0 |
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| Apply now |
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| Apply for a Citibank Ultimate Saver today and start saving. |
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| What you will need: |
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| You will need the following information to apply for a Citibank Ultimate Saver: |
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| Proof of age: |
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You must be over 18 years of age or older. |
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| Identification: |
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You must be able to be identified in Australia at or before account opening. This includes providing two forms of identification, one of which must be a photo identification, to an Australia Post outlet or one of our branches. |
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| Signature card: |
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You will need to complete and submit a signature card at the end of the application process for your account. Please bring your signature card into one of our branches or mail it to us at the Citibank address specified on the signature card form. |
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| Personal details: |
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Residential address, contact details (for all account holders if applying for a joint account) and your current e-mail address. We will confirm your application and send your electronic notices to this e-mail address. |
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| Tax File Number (TFN): |
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Or valid exemption - you do not have to provide your TFN, but without it we will be required to deduct tax at the top marginal rate. |
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Click on  to expand and on  to minimise the details. |
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| Product Features |
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| What are the benefits of this account? |
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- High interest rate on your savings, calculated daily and paid monthly
- Unlimited free transactions and no ATM fees at Citi, Westpac-branded, St.George* and BankSA ATMs around Australia2
- No monthly fee or transaction fees. -(Charges for bank cheques, international payments and foreign currency services, overdrafts, dishonours and other product services apply. Please refer to the schedule of fees and charges for full details).
- Easy access to your money at anytime via online banking, phone banking, branch, ATMs and all through just one account.
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| Opening a Citibank Ultimate Saver |
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| How do I open a Citibank Ultimate Saver? |
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| To apply for a Citibank Ultimate Saver you have the following options: |
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| To activate your account you will be required to identify yourself at any Australia Post outlet of Citibank branch. To do this you will need to complete the identification forms provided at the end of the application process or available online. |
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| Once your account is open you can do everything online at www.citibank.com.au, including checking your account balance, transferring funds, paying bills, changing your address and much more. |
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| When will I receive my account number? |
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| Your Citibank Ultimate Saver Account number is provided at the end of the online application and will also be sent in writing once your account is open. |
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| From the time we receive your application and identification documents, it can take up to 3 business days to activate your account(s) and up to 7 business days for you to receive your Visa Debit Citicard, ATM PIN, CitiPhone Banking Telephone PIN (TPIN) and deposit book (if you do not already have one). |
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| How will I receive account statements? |
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| When you apply for Citibank Ultimate Saver, you will be asked to agree to receive your monthly account statement electronically. The statement will be placed securely within Citibank Online for you to view once you have logged in. |
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| What if I want to speak to someone? |
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| You can call CitiPhone Banking on 1300 137 931 (or +61 2 8225 0615 if you are calling from overseas) to speak to a Citibank Customer Service Operator. CitiPhone Banking is available 24 hours a day, seven days a week. |
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| Citigold |
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| You can also enjoy exclusive global benefits and services by becoming a Citigold client, when you hold a minimum of A$100,000 in wealth with Citibank. |
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| Have you also considered... |
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| View the Terms and Conditions (Adobe PDF, 1.5 MB) |
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| View the Schedule of Fees and Charges (Adobe PDF, 487 KB) |
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Terms & Conditions apply and are available on request
1. Stepped interest rates apply (meaning different rates of interest apply to different portions of your account balance). The portion of your balance under $10,000 earns 0.10% p.a. Rate of 3.20% p.a. applies to the portion of your balance from $10,000 to $1 million. Rate of 2.00% p.a. applies to the portion of your balance over $1 million. Interest rates are effective from 11 December 2012 and are subject to change at any time. Minimum ongoing balance of $10,000 applies.
2. Unlimited free transactions apply to those made in Australia but excludes charges for bank cheques, international payments and foreign currency services, overdrafts, dishonours, direct charges from other ATM owners and other general banking services (click our Schedule of Fees and Charges link above).
3. Total balances held by a depositor with Citibank, up to an amount of AUD$250,000, automatically access the Financial Claims Scheme. For more information go to www.apra.gov.au or call 1300 55 88 49.
Ultimate Saver is issued by Citigroup Pty Limited ABN 88 004 325 080 AFSL 238098 ("Citibank"). Any advice is general advice only. It was prepared without taking into account your objectives, financial situation or needs. Before acting on this advice you should consider if it's appropriate for you.
Further information and our dispute resolution process is available at www.citibank.com.au or by phone on 1300 137 931.
© 2012 Citigroup Pty Limited. Citibank®, Citi® and Arc Design® are service marks of Citigroup Inc.
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