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| |  |  | | Citibank Step Up Account is designed to grow your interest earnings with superior interest rates, while giving you all the convenience of a current account. | | |    | - Enjoy more interest when you save more each month and earn Bonus interest rate.
- Free ATM card with easy access to 1.4 million VISA/PLUS ATMs globally
- Enjoy immediate fund transfer with Citi Mobile and Citibank Online anytime
and anywhere
- Free CitiAlert, CitiMobile, Citibank Online and CitiPhone services.
- Electronic Statements via email – you will never lose your statement again.
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| How Citibank Step-Up Interest Account Work |
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| Computation is based on illustration assumption only: |
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- When you deposit money into your Citibank Step-Up Interest Account,
you get a base rate of 0.5% p.a.3 which steps up to 1.7% p.a.3 over a 12 month
period when you increase your average balance in 12 consecutive months
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| Interest is earned on 2 components: |
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| Important Notes: |
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| Average Monthly Balance: Sum of day-end balances for the month divided by the number of days in the month. |
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| In the event that your current month's average balance falls below the previous
month’s, the Bonus Interest rate for the first 6 months will be reset to 0%. |
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- Upon attaining the maximum of 1.7% p.a.3 (after 12 counters of Step-Up),
ensure that your current month's minimum balance is greater than the previous
month's average balance to continue to enjoy the superior Interest of 1.7% p.a.3
- Safety Net: After 6 months of consecutive higher average balances, you will get a
Safety Net where subsequent average balance is lower, you will get a minimum
Bonus Interest rate of 0.6% (6 X 0.1%) p.a.
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Click on  to expand and on  to minimise the details. | | | What is base interest? | | | Base interest is the basic interest that you will earn, just like your normal super
account. | | | | | | | | What is average daily balance? | | | To calculate the average daily balance: (e.g.: April 2009), sum up the end-of-day balance everyday, for 30 days, and divide this total balance by 30. | | | | |
| What is Bonus interest? | | | Bonus interest is a unique component in addition to your base interest. This is innovatively designed to reward you more as you increase your savings with us. | | | |
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| | Disclaimer | |
The base interest rate is computed on the daily average balance in the month.The interest rate steps up each month and up to a defined maximum rate that is capped by
the ceiling rate according to State Bank of Vietnam’s regulation over a 12-month period,if your average monthly balance is higher than the previous month's average balance.
The Bonus interest is computed based on the preceding month's minimum balance. Both base interest and Bonus 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.
Total Relationship Balance* for Citibanking and Citigold customers respectively.
Failing which, a fee of VND170,000 or VND550,000 respectively will be imposed into the account.
‘Total Relationship Balance’ is the sum of:
(i) the average daily balance of your deposit accounts,
(ii) the average daily value of your investments, and
(iii) any outstanding amount on your loans and credit card accounts as of the date of your last
statement.
Citibank’s determination of your Total Relationship Balance will be conclusive.
Citibank full disclaimers, terms and conditions apply to individual products and banking services.
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