Excellent Deal: Get S$538 + 3.6% p.a. Welcome Offer With Citigold Promo!

Have S$250,000 lying around? Here’s a great deal that you should be highly interested in: get a 3.6% p.a. time deposit offer + S$538 of sign-up offers when you start a Citigold relationship with the link below and fund at least S$250,000 with a 3-month deposit!

If you wish, you could even replace the promotional rate of 3.6% p.a. with other gift options including an iPhone 15 Pro Max 256GB + S$200!

This deal is until 31st March 2024.

Promo Details

The first part is choosing one of the following sign-up gift options from either SingSaver or Citibank:

Either SingSaver Offer	Or Citibank Offer
S$1,500 + S$200 or iPhone 15 Pro Max (256GB) retailing at S$2,017.5 + S$200 or iPad Pro 11″ (Cellular, 256GB) retailing at S$1,659.40 + S$200	S$880 sign-up bonus or 3.6% p.a. 3-month time deposit or 3.2% p.a. 6-month time deposit

You need to be a new Citibank deposits customer (or cancelled your last one more than 13 months ago).

The second part is fulfilled by Citi when you fulfil some conditions:

Task	Reward	Difficulty
⭐️ Hold a primary Citi Credit Card	S$300 cash reward	Easy
⭐️ Complete an Investment Risk Profile and Fact Find Report	S$238 cash reward	Easy
Take up a Citi Home Loan of at least S$800,000	S$500 cash reward	Depends; probably difficult
Make S$100,000 worth of investments/insurance	S$600 cash reward	Probably not advisable
Maintain at least S$250,000 for at least a year	S$960 cash reward	Probably not very good

The easy tasks amount to S$538 when you hold a Citi card as well as complete the investment risk profiling and fact finding.

Promo analysis

My preference is either to get the iPhone 15 Pro + S$200 or Citibank’s 3-month time deposit giving 3.6% p.a. interest. You can hence expect to get:

• Estimated S$2,250 of interest from time deposit (3.6% p.a. interest on S$250,000 deposit for 3 months) or iPhone 15 Pro + S$200
• S$300 from Citibank for holding a Citi Credit Card
• S$238 from Citibank for completing risk profiling and fact finding

A 3.6% p.a. return for a 3-month fixed deposit is pretty standard in recent times, so getting additional S$538 is icing on cake.

Note that Citibank welcome gifts (credit card + fact finding) are given 3 months after the end of the Welcome Period and you need to hold your funds until rewards are fulfilled. The Welcome Period is defined as the first 3 months including enrolment month, so if you sign up this month, your Welcome Period should be February, March and April. You would hence need to maintain your funds through May, June and July 2024. You should hence start to fund your account before the end of April 2024 rather than earlier.

Remember that this is my interpretation of the terms and conditions and you should definitely refer to the following while signing up. Save a copy for your future reference!

• SingSaver’s terms and conditions
• Citibank’s terms and conditions
• Citibank’s time deposit terms and conditions

6-month deposit?

You could alternatively go for the 6-month deposit which gives 3.20% p.a. interest. In this case, you can sign up and fund your account immediately since 6 months from now would clear the Welcome Period plus 3 months.

Your time deposit interest will be roughly S$4,000 for a S$250,000 deposit and you will still get the S$538 additional rewards from Citi.

Risk profiling, fact finding and time deposit

Now fair warning, the risk profiling, fact finding and even the time deposit need to be arranged through the wealth advisor that Citibank would assign to you. I’m pretty sure they’d try to direct your S$250,000 somewhere else, so keep your wits about you!

Conclusion

For S$250,000, this is a great deal. Have smaller amounts? Check out the other promos below, and as always remember to stay subscribed for more.

Seth Wee was a licensed financial adviser representative from 2009 to 2025, with over 16 years of experience in Singapore’s financial advisory industry.

He started Sethisfy.com in 2019 to share practical insights on credit cards, banking products, and miles strategies, helping readers identify financial products that deliver the best value. Seth has been featured in CNA, Channel 8, Today, and a host of other publications. In 2025, he was also part of a panel at CPF’s Ready For Life festival.

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