Get the Finder app 🥳

Track your credit score, free

Free

Citibank Cash Investment Account

Last updated:  

Are you looking for a bank account that lets you manage your cash requirements and investments under a single umbrella?

The Citibank 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.

0.65% p.a.

Maximum variable rate

0.65% p.a.

Base interest rate

Details

Product NameCitibank Cash Investment Account
Maximum Variable Rate0.65% p.a.
Standard Variable Rate0.65%
Bonus Variable Rate0.00%
Monthly Account Fee$0
Minimum Opening Deposit$0
Minimum Age18

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

Citibank 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 Citibank 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.

Ask an expert

To ask a question simply log in via your email or create an account.

You are about to post a question on finder.com.au:

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • finder.com.au is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

Finder only provides general advice and factual information, so consider your own circumstances, or seek advice before you decide to act on our content. By submitting a question, you're accepting our Terms of Use, Disclaimer & Privacy Policy and Privacy & Cookies Policy.

8 Comments

  1. Default Gravatar
    michael
    August 2, 2018

    Can business open a this account with Citi bank?

    • Default Gravatar
      Joel
      August 2, 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.

      Cheers,
      Joel

  2. Default Gravatar
    Colin
    December 8, 2017

    Does this account offer direct bank transfers and Bpay facilities online?
    Also what is the daily maximum payment/withdrawal amount?

    • Default Gravatar
      Arnold
      December 8, 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

  3. Default Gravatar
    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?

    • Avatarfinder Customer Care
      May
      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

  4. Default Gravatar
    David
    January 10, 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?

    • Avatarfinder Customer Care
      Shirley
      January 11, 2016

      Hi David,

      Thanks for your question. Please note that we can’t recommend specific products and services.

      The Citibank Cash investment account doesn’t charge monthly fees though the interest rate isn’t that competitive. You can compare Cash Investment accounts here.

      Unfortunately it’s 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.

      All the best,
      Shirley

Go to site