You start with a base rate of 0. Simply bank your monthly salary into your Step-Up Interest Account for it to happen.

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In the event that your current month's minimum balance falls below the previous month, your step up counter will be reset to 9, 6, 0 depending on the minimum balance in your account. Upon attaining the maximum of 0.

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The revised account service fee and minimum total relationship balance requirements will be effective from 1 st January for Citi Priority, Citigold and Citigold Private Client and will be effective from 1 st February for Citibanking clients. If your minimum balance for the current month is less than that of the previous month, the table below will explain what your new step up counter is.

Your step up interest increases every month so long as you satisfy the qualifying criteria. For example, for the first time that your current month's minimum balance is greater than your last month's minimum balance, your step up interest rate will be at 0.

Next month, this step up interest rate will grow to 0. As long as you qualify for step up interest, this will increase up to the maximum interest rate rate cap. The rate is capped once the addition of your base rate and step up interest rate hits 0.

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You will continue to enjoy the base interest rate of 0. Once you hit the maximum interest rate rate cap , this gives you additional flexibility to continue enjoying the base interest rate of 0. All rates are quoted on a per annum basis and are effective from 1 Aug Base interest rate starts from 0. Your interest rate steps up each month, and up to a maximum of 0.

Step up interest is computed based on the preceding month's minimum balance. Both Base interest and step up interest are credited on the last day of the month excluding Sunday and Public Holidays. Interest rates are subject to periodic reviews and may be reviewed at the bank's discretion. The rates are subject to change without prior notice and are not to be taken as an offer to contract. Citibank shall not be responsible for any loss or damage arising directly or indirectly from the use of or reliance of the information provided therein.

Thereafter, issuance of each subsequent cheque book will be charged. Please refer to Pricing Guide for more details. Foreign currency deposits, dual currency investments, structured deposits and other investment products are not insured.

For more information, please refer to SDIC's website at www. Home Deposits Local Currency Accounts Citibank Step-Up Account More interest with more savings.

Plus instant access to funds and payments. Citibank Step-Up Account Enjoy more interest — start saving your salary from a base rate of 0. Easy access to ATMs at SMRT stations islandwide, and over 2 million ATMs globally. Free Debit card with VISA point-of-sale debit payment. BENEFITS EARNING INTEREST FAQs. Higher interest on your savings of up to 0.

How Step-Up Interest works You start with a base rate of 0.

Interest is earned on 2 components: Increase your minimum balance each month and you'll earn Step-Up Interest. Key features of Citibank Step-Up Interest Account: Is there an average balance that I have to maintain each month and any such fees involved?

The average daily balance of your checking, savings and deposit accounts, The average daily value of your investments, and All outstanding amount s payable on your secured loan accounts as of the date of your last statement. Why is there base and step up interest?

Base interest is the basic interest that you will earn, just like your normal savings account. With this account, we are giving you a base rate of 0. This is innovatively designed to reward you more as you increase your savings with us. How do I compute base interest and Step Up interest? Base interest for the month is computed by multiplying the monthly base rate to the average daily balance of the month. Step up interest is computed by multiplying the monthly step up interest rate to the previous month's minimum balance.

What is last month's minimum balance? This refers to the lowest balance that is in your account in the previous month. What is my new step up counter if my current month's minimum balance falls below the previous month? Why is it called step up interest? What happens after I hit the rate cap? Citibank full disclaimers, terms and conditions apply to individual products and banking.

Personalized checkbooks are automatically replenished 1 Free cheque imaging printed on monthly statements for easy monitoring and tracking. Free Citibank Debit Card with access to over 2 million ATMs as well as millions of merchants worldwide.