Citibank Online Saver

Moneybuddy says

Citibank Online Saver is a high interest savings account with a current introductory rate of 5.80% p.a for the first 6 months (for balances less than $500,000). After the 6 months you'll receive the standard variable rate, currently a very competitive 4.75% p.a. There are no account fees, no minimum balance and earn interest on every dollar. If you have more than $500,000 in savings you get 4.75% p.a interest from the start.

The Basics

Interest paid Monthly

Interest calculated Daily

Headline interest rate p.a. 5.80%

Monthly fee $0

Account type Savings

The cool stuff: features

ATM access -

EFTPOS access -

Branch access Yes

Internet Banking Yes

Age restrictions Yes

Cheque book facility -

Debit card -

BPAY -

GiroPost -

Phone access Yes

The Facts & Figures

Balance less than $1k (p.a.) 5.80%

Balance less than $5k (p.a.) 5.80%

Balance less than $25k (p.a.) 5.80%

Balance greater than $100k (p.a.) 4.75%

Min. balance -

Min. opening deposit -

Number of free elect transactions per month -

The ugly stuff: fees

Other bank ATM fee -

EFTPOS transaction fee -

Branch assistance fee -

* Important note: All product information comes from the product provider or an affiliate and to the best of our knowledge is correct at time of publishing. Money Buddy earns a referral fee in the form of a commission payment per successful application from redirecting website users to Citibank's website. Website users have no obligation to apply for a product or service that they may be referred to by this website.

Citibank says

Give your money that extra kick with Citibank Online Saver. Earn a high variable introductory rate for the first 6 months, currently 5.80%p.a.(for balances less than $500,000), followed by a great standard variable rate.

Key features

A great introductory rate of 5.80% p.a. for the first 6 months of your account opening. At the end of 6 months you’ll receive the Citibank standard variable interest rate, currently 4.75% p.a.*
No account fees*
No minimum balance
No fixed terms or hidden catches
Access your money 24 hours a day, 7 days a week through phone and internet banking
Savings up to $1 million will be covered by the Australian Government Guarantee*
Balances over $500,000 don't attract the bonus interest rate - simply 4.75% p.a from the start