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Citi savings and bank accounts

Citi offers a savings account, term deposit and bank account that acts as a global multi-currency account.

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Citi deposit accounts were closed and moved to similar NAB branded accounts on 24 February 2024. Find NAB deposit products here.

Quick facts about Citi

  • Citi is part of Citigroup, a large global financial services organisation
  • Citi has been in Australia since the 1980s
  • Citi is the largest international bank in Australia
  • Citi's consumer business was acquired by NAB in June 2022
  • Citi is well known for its large range of credit cards in Australia, including rewards credit cards and balance transfer credit cards

Bank - Everyday Banking Customer Satisfaction finalist:


Citi took second place in Finder's everyday banking category in 2022, with 89% of the users that we surveyed saying they'd recommend the bank to a friend. Its customer satisfaction rating was 4.26 out of 5. Find more about Finder Banking Satisfaction Awards 2022.

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Different deposit accounts offered by Citi

Citi's consumer banking business is now owned by NAB. This means all bank accounts, savings accounts and term deposits are now provided by NAB. These products sit under NAB's banking license, and are covered by the government's bank guarantee scheme. This means your deposit of up to $250,000 in a Citi account is protected by this scheme.

What transaction accounts are offered by Citi?

  • Citi Plus everyday account. A fee-free account that gives you total access to your funds either with the issued Debit Mastercard or through online banking. This transaction account is for individuals who want ease in purchasing and paying their monthly bills.
  • Cash Investment account. A transaction account that earns you competitive interest while still allowing you to pay your bills and receive direct deposits. This account is available as an individual transaction account or for managing business investments.

What savings accounts are offered by Citi?

  • Citi Online Saver. The online saver allows transfers using a linked account to another Australian bank. There are no monthly fees with this account and no minimum balance requirement. This is an account intended for personal use that provides you with a special introductory rate for the first 4 months after the account has been opened.

What term deposits are offered by Citi?

  • Citibank Term Deposit 10K. Earn a fixed interest rate on balance of $10,000 or more with a term deposit through Citi. The terms are flexible, ranging from 8 days to up to 5 years. There are no fees to consider unless you make an early withdrawal, plus you can choose the currency that you would like to save in.

What are the pros and cons of Citi accounts?


  • Global ATM and branch access. Due to its worldwide presence, accessing your Citi accounts overseas is easy.
  • Overseas money transfer. With the transaction account, you can transfer money overseas to certain countries instantly with no fee.
  • Fees. There are no transaction charges or account-keeping fees for the savings and transactions products.
  • Linked accounts. You can use your everyday account with another Australian bank to transfer money into and out of your Citi savings.
  • Powered by NAB. Citi accounts are offered by NAB, one of Australia's biggest banks.


  • Commission charge on foreign transfer. When making an overseas transfer, there is a commission charge included in the conversion rate.
  • No ongoing savings interest rate. The Citi Online Saver offers an introductory bonus rate only. Citi doesn't offer a savings account with an ongoing bonus rate.

How to apply for a Citi account online

You can apply for a new Citi account online in less than 10 minutes. Just make sure you meet the eligibility criteria and have the necessary documents handy before you start your application.


  • You're over 18 years old
  • You're an Australian resident for tax purposes
  • You have an Australian phone number and residential address


  • Personal details like your name, date of birth, residential address, phone number and email address
  • ID documents such as your driver's licence, Medicare card, passport or proof-of-age card

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4 Responses

    Default Gravatar
    TimMay 23, 2023

    Can I deposit money into my Citi bank account through one of the big 4 banks or do I have to do this at the post office

      RajJune 5, 2023Finder

      Hi Tim,
      You can only deposit money into you Citi bank account through NAB and the Post Office.


    Default Gravatar
    TJMay 8, 2022

    What benefits does my Citi debit card give me when it’s a Gold card?

      AlisonMay 16, 2022Finder

      Hi TJ,

      I’m afraid the Citigold option is only available with Citi credit cards, not debit cards.


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