There are many branches of Citibank in Singapore. It affords quite a lot of funding merchandise to the traders. a few of them are

• deposit insurance coverage scheme

• Singapore Dollar Fixed Deposit Scheme

• overseas forex deposits

You can go to any Citibank department in Singapore to use for any product. Some of the Citibank branches can be found in Singapore:

• Citibank, Bedok SMRT Station, Instant Banking Centre, Singapore.

• Citibank, No. 3, Changi Business Park, Crescent Level 1, Singapore – 486026

• Citibank, Parkway Parade Branch, 80, Marine Parade Road, Singapore – 449269

Singapore Dollar Fixed / Fixed Deposit Scheme:

Features and Benefits:

• The minimal deposit quantity for this account is S$10,000.

• You can select a versatile tenor on your funding, corresponding to 1 month to 36 months.

• The Fixed Deposit will routinely renew when the quantity matures on the maturity date. If you don’t want to auto-renew the deposit, you will have to contact the financial institution and inform the identical. If you do that, you’re going to get the quantity invested and the curiosity accrued on your funding on the date of maturity. In case the Fixed Deposit is routinely renewed, the prevailing rates of interest for the funding will probably be relevant.

• If you require overdraft facility on your investments, you may get an overdraft in opposition to your deposits. You will get a greater rate of interest for a similar.

• Deposits are insured beneath the Deposit Insurance Scheme. You may also get safety from the Government of Singapore on your funding “Singapore Government Guarantee” Plan.

The rates of interest for mounted deposits change incessantly. You want to go to the respective web sites or Citibank web site or nearest financial institution to get the newest rates of interest.

Some of the newest charges (as on July, 2010) for numerous Fixed Deposit schemes are listed beneath. You must get the newest curiosity from the respective web sites.

Duration: 6 months

Amount: S$ 10,000 to S$ 50,000

Rate: 0.25%

Duration: 12 months

Amount: S$ 10,000 to S$ 50,000

Rate: 0.35%

Next step: How to get the most effective rates of interest?

Get particulars of varied rates of interest provided by Citibank. You can discover them within the respective web sites.