Citibank Term Deposits

If you want to get higher return and can afford not to have your money at your daily disposal, you can take advantage of our Citibank term deposits

What do you get

Higher interest rates, that depend on your selection of parameters.

For Citibank term deposits you can choose from following options

• Currencies
  Term deposits are available in CZK, USD, EUR, GBP and SKK.
   
• Deposit Tenors
  Citibank offers tenors of 1 week, 2 weeks, 1 month, 2 months, 6 months, 1 year, 2 years, 3 years and 5 year. For SKK longest tenor is 1 year.
   
• Types
   
  • Fixed Time Deposits
    Fixed term deposit can be opened only at our branches or via CitiPhone. If necessary, it is possible to cancel a fixed time deposit before maturity only in the entire amount and for a higher fee.
     
  • Flexible Time Deposit
    Flexible time deposits have better interest rates than fixed one and another advatage is the possibility to withdraw part of the deposit early. You can open this TD only via Citibank Online internet banking.

Interest rates

Time deposits carry a fixed interest rate, i.e. the interest rate remains the same for the entire period of the deposit. The interest rate depends on the size and tenor of deposit. Interest is accredited on the day of the deposit maturity.

Actual interest rates are daily available on CitiPhone line 844 888 844 and at our branches. For our clients, rates are also available daily on our Citibank Online web pages.

Informatory interest rates for On-line term deposits are available here.

Minimum deposit

The minimum deposit is 50,000 CZK, 2,500 USD, 3,000 EUR, 1,600 GBP and 100,000 SKK.

Revolving

All of our time deposits can be set to automatically redeposit the amount on the date of maturity. This automatic renewal of the deposit will have the same tenor as the original deposit, and the interest rate will depend on the rate for relevant type of deposit on the day the deposit is automatically renewed.

What do you pay

The opening and maintenance of a time deposit in any currency is free of charge.

Both types of time deposits can be cancelled prematurely (by telephone or by personally visiting the branch).

When partially or fully canceling a flexible time deposit, the client receives interest for the entire period of the actual deposit (or the cancelled part, if applicable). The interest rate is determined based on the difference between the interest rate for the relevant size of the deposit and the period during which the interest for this deposit was paid, as of the day the deposit was made, and a 1 percentage point penalty charge.The remaining amount of the time deposit carries the interest rate related to the remaining amount on deposit and the original tenor of deposit, as of the day the deposit was made.

When canceling a fixed time deposit, the client receives interest for the entire period of the actual deposit. The interest rate is determined based on the difference between the interest rate for the relevant size of the deposit and the period during which the interest for this deposit was paid, as of the day the deposit was made, and a 1 percentage point penalty charge.