In this guide

  • Review
  • Details
    • Key details
  • Key features
  • How to apply
  • Compare other savings accounts
  • Your reviews
  • Ask a question
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Citi Cash Investment Account

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Citi Cash Investment Account - Discontinued
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

In this guide

  • Review
  • Details
    • Key details
  • Key features
  • How to apply
  • Compare other savings accounts
  • Your reviews
  • Ask a question

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

Key features

Account keeping fees

You don't have to pay any ongoing account keeping fees to maintain this account. All account holders get unlimited fee-free withdrawals every month.

Interest

Citi gives you the opportunity to earn variable interest through a tiered system.


How to apply

Eligibility

You can apply for the Cash Investment Account by visiting any Citi branch, you can speak to a bank representative over the phone or you can submit an online enquiry. To apply, you have to meet some basic eligibility criteria:

  • You are an Australian resident and have an Australian residential address.
  • You agree to the account's terms and conditions.

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Alison Finder

Editor

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michael

August 01, 2018

Can business open a this account with Citi bank?


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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?


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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?


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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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Avatar

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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