6.27% Citibank flexible saver
Wednesday, 08 Aug 2007 10:51
Citibank has increased the interest rate it pays on its flexible saver account to 6.27% gross.
This rate is fixed for the first six months from account opening before dropping to 5.75% AER.
"We are committed to offering customers the best return on their savings and by choosing Flexible Saver customers can benefit from an account which offers not only a great rate but easy access to funds with no penalties," said Tobias van der Meer, Citibank head of wealth management.
Citibank Flexible Saver key features:
Interest is earned on balances from £1 up to £1 million.
Interest rate of 6.27% gross p.a. fixed for the first six months from account opening –6.10% AER in the first year.
Underlying interest rate of 5.75% AER, 5.61% gross p.a. (variable).
No notice periods or penalties for withdrawals.
Interest is calculated daily and applied monthly.
Monthly statement.
Accounts can be held solely or jointly.
Citibank Flexible Saver account can be opened on the Citibank website, by CitiPhone telephone banking or in Citibank branches.