Citi Cash Investment Account
- Maximum variable rate
- 2.10% p.a.
- Base interest rate
- 2.1%p.a.
Summary
Are you looking for a bank account that lets you manage your cash requirements and investments under a single umbrella?
The Citi Cash Investment Account lets you consolidate your money and day-to-day banking needs.
Funds in your account earn interest in a tiered manner while you figure out what to do next. You get easy access to your money as and when required. There is no monthly account keeping fee to pay. You get a single account statement.
Pros
-
Competitive interest rate on transaction account
-
Linked Gold Debit Mastercard
-
Free bottle of wine when you dine at eligible restaurants
Cons
-
Tiered interest rate structure
Details
Key details
| Product Name | Citi Cash Investment Account - Discontinued |
| Maximum Variable Rate | 2.10% p.a. |
| Standard Variable Rate | 2.10% p.a. |
| Monthly Account Fee | $0 |
| Minimum Opening Deposit | $0 |
| Minimum Age | 18 |
Your reviews
Alison Finder
Editor
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Joel Marcelo
August 02, 2018
Hi Michael,
Thanks for leaving a question on Finder.
Unfortunately, this account is only available for individuals. If you are looking to open a business account with Citibank, you can check out their Citibank Ultimate Business Saver. This account provides you with a convenient way to keep your business finances separate from your personal assets.
You may also refer to our list of business bank accounts. You can use our comparison table to help you find the account that suits you. When you are ready, you may then click on the “Go to site” button and you will be redirected to the bank’s website where you can proceed with the application or get in touch with their representatives for further inquiries you may have.
Cheers,
Joel
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Colin
December 08, 2017
Does this account offer direct bank transfers and Bpay facilities online?
Also what is the daily maximum payment/withdrawal amount?
Arnold
December 08, 2017
Hi Colin,
Thanks for your inquiry
1. Yes, this card comes with PayPass technology that lets you make contactless payments for purchases of up to $100 at participating merchants. You can use your card details to pay bills and make purchases online and over the phone. This account also lets you pay bills using BPAY.
2. Yes, this account does offer direct bank transfers.
3. No limit for monthly withdrawals and payments. All account holders get unlimited fee-free withdrawals every month.
Hope this information helps
Cheers,
Arnold
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ST
May 27, 2016
As a non-resident but not living in Australia can we open a joint account with Citibank Australia? What is the requirement?
May Finder
May 27, 2016
Hi ST,
Thanks for your question.
One of the eligibility criteria and requirements to apply for the Cash Investment Account with Citibank is that you must be an Australian resident and have an Australian residential address. As such, I’m afraid you won’t be able to apply for this account.
Cheers,
May
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David
January 09, 2016
I am retired 66 year old and my wife and I want a no fees account with a good rate of interest to transfer our SMSF monthly income stream into. We also want a fee free daily transaction account linked to the savings account. The daily account would need a Visa debit card or similar that could be used at fee free ATMs. What do you recommend? Would using RediATMs incur a fee?
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Shirley Liu Finder
January 10, 2016
Hi David,
Thanks for your question.
The Citibank Cash investment account does not charge monthly fees though the interest rate is not that competitive. This account is not linked to the RediATM network – it’s linked to the Citibank networking including 3,000 Citibank, Westpac, St.George, BankSA and Bank of Melbourne ATMs throughout Australia.
You can also compare Cash Management Accounts by entering your initial deposit, monthly deposit and period then select Calculate on the table. You can select More Info on the table of your preferred account to find out more about it’s features, details and compare rates. You can also contact the provider if you have further clarifications.
A gentle reminder, please ensure to read through the relevant product disclosure statement and terms and conditions to ensure that you got everything covered before you apply.
All the best,
Shirley
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michael
August 01, 2018
Can business open a this account with Citi bank?