Final Day: S$50 For Account Opening + S$150 For Funding + S$60 Bonus + 1.5% p.a. Interest With Citi Plus

Update: deal has changed; see sign-up box for details

Sign up for Citi Plus and get S$50 just by starting the account! Should you meet funding requirements, you also get a further S$150 from SingSaver and S$30 from Citi as well as enjoy the base 1.5% p.a. interest of the account.

Lastly, own an eligible Citi credit credit card and get another S$30! Plus the sign-up rewards up and that’s S$260 of sign-up rewards plus the interest of the account.

Note that the final day to sign up for this promo is 15th February 2024.

Promo Details

Check out the steps as well as terms and conditions below:

Interest Booster Account

Until 29th February 2024

Apply for Citi Plus Interest Booster Account and fill up SingSaver form in email ⚠️ no form, no rewardS$50 cash
(fulfilled by SingSaver)¹
Deposit minimum S$20,000 in fresh funds within 2 months of account opening and maintain until Month 6Additional S$100 Cash or an TP-Link Smart Tapo RV10 Lite Robot Vacuum (worth $259)
(fulfilled by SingSaver)¹
Upon opening an account and funding S$20,000 in fresh funds. S$30 cash reward from Citi²
Holding a valid primary/main Citi Credit CardExtra S$30 bonus card reward from Citi²
Base interest of the account (no salary, spend etc. requirement)1.5% p.a. up to the first S$50,000 deposit
Total: S$210 + interest

For reference only. Terms and conditions apply (save a copy for your own future reference):

  1. SingSaver terms and conditions
  2. Citibank terms and conditions

Note that there is an early closure fee of S$50 if account is closed within 6 months but fall-below fees are waived until 31 December 2024.

If you open your account in February 2024, you have until end of March 2024 to deposit the funds. You would then have to maintain it until the end of Month 6 which would be until 31st July 2024.

Month of Account OpeningDeposit min. S$20,000 assets in fresh fundsMaintain S$20,000 assets as a Citi Plus customer
February 2024By 31st March 2024Until 31st July 2024

Total returns

The total welcome offer for this promo is S$260 assuming the requirements are met, and if we assume a holding period of 4 months for the S$20,000 deposit, that’s a return of almost 4% p.a. on its own.

Don’t forget also the recently upsized base interest of 1.5% p.a. from the account itself, and there are no salary, spend or other requirements to get this rate. For a deposit amount of S$20,000 at 1.5% p.a. interest, you can expect about S$100 of interest in 4 months.

All in all, you can expect almost 5.5% p.a. by setting aside S$20,000 to meet this promo for a period of 4 months. That’s not too shabby at all.

More promos and great deals

Remember to stay subscribed for more great deals and promos. Check out other good deals for this month:

Keep up to date on the best cashback/mile cards, financial products, attractive deals, and more tips to maximise your financial wellbeing by subscribing to my Telegram channel.

Subscribe to the channel, then join the group chat. You would often benefit from the tips shared exclusively in the group chat!

Disclaimer: I may receive an affiliate/referral fee when you sign up for services/products on this site, and such fees keep the site running. I would only recommend services/products I would personally use or recommend to my own friends and family, but I do not provide any warranty or guarantee for the quality of these services/products. Thank you for supporting my site!

Please exercise due diligence when signing up for any service/product as I will not be liable for any personal loss, financial or otherwise. Content published here are my sole views and personal opinion, and none of the information here constitutes personal financial advice nor represents the views of my employer(s).

Leave a Reply