6.27% Citibank flexible saver

Wednesday, 08 August 2007 12:00

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.

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